Vicor (NASDAQ:VICR) Announces Earnings Results

Vicor (NASDAQ:VICR) posted its quarterly earnings results on Tuesday. The electronics maker reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04), Briefing.com reports. The business had revenue of $83.80 million for the quarter, compared to the consensus estimate of $84.83 million. Vicor had a net margin of 11.49% and a return on equity of 8.59%. Vicor’s revenue was down 14.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 earnings per share.

Vicor Stock Performance

Vicor stock opened at $32.03 on Thursday. The company has a 50 day moving average price of $37.89 and a 200-day moving average price of $40.30. Vicor has a fifty-two week low of $30.92 and a fifty-two week high of $98.38. The company has a market capitalization of $1.42 billion, a PE ratio of 32.03 and a beta of 1.53.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on VICR shares. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a report on Wednesday. StockNews.com upgraded Vicor from a “sell” rating to a “hold” rating in a research report on Saturday, April 20th. Finally, Craig Hallum cut their price objective on Vicor from $40.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday.

Insider Activity

In other news, VP Robert Gendron sold 2,000 shares of Vicor stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $36.83, for a total transaction of $73,660.00. Following the completion of the sale, the vice president now owns 5,374 shares of the company’s stock, valued at $197,924.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Robert Gendron sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $36.83, for a total value of $73,660.00. Following the completion of the transaction, the vice president now owns 5,374 shares of the company’s stock, valued at $197,924.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kemble D. Morrison sold 2,659 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $37.00, for a total transaction of $98,383.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,999 shares of company stock valued at $184,990. Corporate insiders own 31.30% of the company’s stock.

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.