Vicor (NASDAQ:VICR) Issues Quarterly Earnings Results, Beats Expectations By $0.13 EPS

by · The Cerbat Gem

Vicor (NASDAQ:VICR – Get Free Report) announced its earnings results on Tuesday. The electronics maker reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.13, Briefing.com reports. Vicor had a net margin of 6.08% and a return on equity of 4.03%. The firm had revenue of $93.17 million during the quarter, compared to analyst estimates of $85.23 million. During the same period in the prior year, the business earned $0.37 EPS. The company’s revenue for the quarter was down 13.6% compared to the same quarter last year.

Vicor Price Performance

Vicor stock opened at $46.41 on Friday. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 46.41 and a beta of 1.51. The firm has a 50-day moving average of $39.19 and a 200-day moving average of $36.54. Vicor has a one year low of $30.90 and a one year high of $51.89.

Analyst Upgrades and Downgrades

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

View Our Latest Report on Vicor

Insider Activity at Vicor

In related news, VP Philip D. Davies sold 23,494 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was 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 document filed with the SEC, which is accessible through this hyperlink. 31.30% of the stock is owned by company insiders.

Vicor Company Profile

(Get Free Report)

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.

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