Vicor (NASDAQ:VICR) Announces Earnings Results

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

Vicor Trading Up 13.7 %

Shares of VICR stock opened at $49.39 on Thursday. The company has a market cap of $2.23 billion, a P/E ratio of 102.90 and a beta of 1.51. The firm has a fifty day moving average price of $39.19 and a 200 day moving average price of $36.54. Vicor has a 12 month low of $30.90 and a 12 month high of $54.19.

Analyst Ratings Changes

VICR has been the topic of several recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of Vicor in a report on Wednesday. Craig Hallum raised their price target on Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a research report on Wednesday.

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 transaction of $841,790.02. Following the completion of the transaction, the vice president now directly owns 15,763 shares of the company’s stock, valued at approximately $564,788.29. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 31.00% of the stock is owned by insiders.

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.