Vicor (NASDAQ:VICR) Announces Quarterly Earnings Results

Vicor (NASDAQ:VICR) released its quarterly earnings results on Tuesday. The electronics maker reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04), Briefing.com reports. Vicor had a net margin of 13.23% and a return on equity of 10.45%. The firm had revenue of $83.80 million during the quarter, compared to the consensus estimate of $84.83 million. During the same quarter last year, the firm earned $0.25 earnings per share. The business’s revenue for the quarter was down 14.3% compared to the same quarter last year.

Vicor Price Performance

VICR stock traded down $0.82 during trading on Wednesday, reaching $34.36. 99,853 shares of the company were exchanged, compared to its average volume of 262,419. The company has a 50-day moving average of $38.12 and a two-hundred day moving average of $40.36. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 30.12 and a beta of 1.53. Vicor has a twelve month low of $33.53 and a twelve month high of $98.38.

Analyst Ratings Changes

VICR has been the subject of a number of analyst reports. StockNews.com upgraded shares of Vicor from a “sell” rating to a “hold” rating in a research report on Saturday. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a report on Wednesday. Finally, Craig Hallum cut Vicor from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a research note on Friday, February 23rd.

Insider Transactions at Vicor

In other news, VP Kemble D. Morrison sold 2,659 shares of Vicor stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $37.00, for a total transaction of $98,383.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, VP Robert Gendron sold 2,000 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $36.83, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Kemble D. Morrison sold 2,659 shares of Vicor stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $37.00, for a total value of $98,383.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,999 shares of company stock worth $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.