Vicor (NASDAQ:VICR) Posts Quarterly Earnings Results, Beats Estimates By $0.13 EPS

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

Vicor Stock Up 13.7 %

Shares of NASDAQ VICR opened at $49.39 on Thursday. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 102.90 and a beta of 1.51. The firm’s fifty day moving average is $39.19 and its 200 day moving average is $36.54. Vicor has a 52 week low of $30.90 and a 52 week high of $54.19.

Insiders Place Their Bets

In other news, VP Philip D. Davies sold 23,494 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 31.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on VICR. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a report on Wednesday. Craig Hallum lifted their target price on shares of Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a research report on Wednesday.

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.