Vicor (VICR) Projected to Post Quarterly Earnings on Thursday

Vicor (NASDAQ:VICR) is anticipated to announce its earnings results before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.18 per share and revenue of $91.03 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Vicor Stock Performance

Shares of Vicor stock opened at $47.62 on Thursday. Vicor has a one year low of $30.90 and a one year high of $62.00. The stock’s fifty day moving average is $51.42 and its 200 day moving average is $46.18. The stock has a market cap of $2.15 billion, a P/E ratio of 99.21 and a beta of 1.51.

Insider Buying and Selling

In other Vicor news, Director Estia J. Eichten sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $55.51, for a total transaction of $444,080.00. Following the completion of the transaction, the director now owns 230,267 shares in the company, valued at $12,782,121.17. The trade was a 3.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew D’amico sold 4,000 shares of Vicor stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $59.75, for a total transaction of $239,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,000 shares of company stock worth $786,900. Corporate insiders own 31.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on VICR shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a report on Wednesday, October 23rd. Craig Hallum lifted their target price on Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd.

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.