Vicor (NASDAQ:VICR) Announces Earnings Results

Vicor (NASDAQ:VICR) released its quarterly earnings data on Thursday. The electronics maker reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01), Fidelity Earnings reports. The firm had revenue of $70.77 million for the quarter, compared to the consensus estimate of $71.00 million. Vicor had a net margin of 7.20% and a return on equity of 10.38%.

Shares of NASDAQ VICR opened at $30.97 on Friday. The firm’s 50-day moving average price is $31.15 and its 200-day moving average price is $31.39. The company has a market cap of $1.32 billion, a PE ratio of 69.77 and a beta of 0.73. Vicor has a 52-week low of $26.50 and a 52-week high of $49.27.

In other news, VP Claudio Tuozzolo sold 9,382 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $33.54, for a total transaction of $314,672.28. Following the sale, the vice president now owns 25,665 shares of the company’s stock, valued at approximately $860,804.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Alex Gusinov sold 5,060 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $31.50, for a total transaction of $159,390.00. Following the sale, the vice president now directly owns 11,715 shares in the company, valued at approximately $369,022.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,692 shares of company stock worth $481,817. Insiders own 56.06% of the company’s stock.

A number of research firms have weighed in on VICR. BidaskClub upgraded shares of Vicor from a “hold” rating to a “buy” rating in a research note on Friday, October 11th. Needham & Company LLC began coverage on shares of Vicor in a research note on Tuesday, October 8th. They set a “buy” rating and a $42.00 price objective for the company. Craig Hallum began coverage on shares of Vicor in a research note on Monday, August 12th. They set a “buy” rating and a $43.00 price objective for the company. ValuEngine upgraded shares of Vicor from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research raised shares of Vicor from a “sell” rating to a “hold” rating in a report on Tuesday, August 20th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $40.00.

About Vicor

Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting electrical power worldwide. It operates through Brick Business Unit, VI Chip, and Picor segments. The company offers a range of brick-format DC-DC converters and configurable products; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories.

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Earnings History for Vicor (NASDAQ:VICR)

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