Vicor (NASDAQ:VICR) Announces Quarterly Earnings Results

Vicor (NASDAQ:VICR) announced its quarterly earnings data on Tuesday. The electronics maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13, Briefing.com reports. The firm had revenue of $93.17 million for the quarter, compared to analyst estimates of $85.23 million. Vicor had a return on equity of 4.03% and a net margin of 6.08%. The business’s quarterly revenue was down 13.6% compared to the same quarter last year. During the same period last year, the company earned $0.37 EPS.

Vicor Stock Down 6.0 %

Shares of Vicor stock traded down $2.98 during trading on Thursday, reaching $46.41. 562,809 shares of the company were exchanged, compared to its average volume of 224,398. Vicor has a twelve month low of $30.90 and a twelve month high of $51.89. The business has a 50-day moving average price of $39.19 and a 200-day moving average price of $36.54. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 46.41 and a beta of 1.51.

Insider Buying and Selling at Vicor

In other news, VP Philip D. Davies sold 23,494 shares of the company’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $35.83, for a total value of $841,790.02. Following the completion of the sale, the vice president now directly owns 15,763 shares of the company’s stock, valued at $564,788.29. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 31.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on VICR shares. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a report on Wednesday. Craig Hallum lifted their price target on shares of Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a research report on Wednesday.

About Vicor

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.