Vicor (NASDAQ:VICR) Issues Earnings Results, Misses Estimates By $0.12 EPS

Vicor (NASDAQ:VICR) issued its earnings results on Tuesday. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.12), Briefing.com reports. The company had revenue of $85.90 million during the quarter, compared to analysts’ expectations of $81.77 million. Vicor had a return on equity of 4.99% and a net margin of 7.20%. The company’s revenue for the quarter was down 19.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 EPS.

Vicor Trading Up 3.2 %

NASDAQ VICR traded up $1.20 on Thursday, hitting $39.17. 102,802 shares of the company traded hands, compared to its average volume of 234,850. The business’s 50 day moving average price is $34.65 and its 200-day moving average price is $36.48. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 37.97 and a beta of 1.50. Vicor has a 52-week low of $30.90 and a 52-week high of $98.38.

Insider Transactions at Vicor

In related news, VP Nancy L. Grava sold 1,277 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $33.91, for a total transaction of $43,303.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 2,150 shares of company stock valued at $72,275 over the last quarter. 31.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VICR. Needham & Company LLC restated a “hold” rating on shares of Vicor in a research note on Wednesday. StockNews.com upgraded Vicor from a “sell” rating to a “hold” rating in a research note on Friday, May 24th. Finally, Craig Hallum lowered their price objective on shares of Vicor from $40.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, April 24th.

Vicor Company Profile

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.