Vicor (NASDAQ:VICR) Posts Earnings Results

Vicor (NASDAQ:VICR) announced its earnings results on Tuesday. The electronics maker reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.12), Briefing.com reports. The business had revenue of $85.90 million during the quarter, compared to analyst estimates of $81.77 million. Vicor had a net margin of 7.20% and a return on equity of 4.99%. The business’s revenue for the quarter was down 19.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 earnings per share.

Vicor Stock Down 0.1 %

NASDAQ VICR traded down $0.04 during trading hours on Thursday, hitting $37.93. The company had a trading volume of 33,560 shares, compared to its average volume of 234,232. Vicor has a fifty-two week low of $30.90 and a fifty-two week high of $98.38. The business has a fifty day simple moving average of $34.65 and a 200-day simple moving average of $36.48. The firm has a market cap of $1.69 billion, a P/E ratio of 37.97 and a beta of 1.50.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research report on Wednesday. Craig Hallum dropped their price target on Vicor from $40.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, April 24th. Finally, StockNews.com raised Vicor from a “sell” rating to a “hold” rating in a research report on Friday, May 24th.

Insiders Place Their Bets

In other Vicor news, VP Nancy L. Grava sold 1,277 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $33.91, for a total value of $43,303.07. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders have sold 2,150 shares of company stock valued at $72,275 over the last three months. Company insiders own 31.30% of the company’s stock.

Vicor Company Profile

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.