Vicor (NASDAQ:VICR) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Vicor (NASDAQ:VICR) posted its earnings results on Thursday. The electronics maker reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01), Fidelity Earnings reports. Vicor had a net margin of 9.53% and a return on equity of 14.37%. The firm had revenue of $70.77 million during the quarter, compared to analysts’ expectations of $71.00 million.

Shares of VICR stock opened at $30.97 on Friday. The stock has a market capitalization of $1.25 billion, a PE ratio of 39.71 and a beta of 0.73. Vicor has a 52-week low of $26.50 and a 52-week high of $49.27. The stock’s 50-day moving average price is $31.15 and its 200 day moving average price is $31.39.

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

In related news, VP Alex Gusinov sold 5,060 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $31.50, for a total value of $159,390.00. Following the transaction, the vice president now owns 11,715 shares in the company, valued at approximately $369,022.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Claudio Tuozzolo sold 9,382 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $33.54, for a total value of $314,672.28. Following the completion of the transaction, the vice president now owns 25,665 shares in the company, valued at approximately $860,804.10. The disclosure for this sale can be found here. Insiders sold a total of 14,692 shares of company stock worth $481,817 in the last 90 days. 56.06% of the stock is currently owned by insiders.

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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