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

Vicor (NASDAQ:VICR) issued its earnings results on Tuesday. The electronics maker reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.13, Briefing.com reports. Vicor had a net margin of 7.20% and a return on equity of 4.98%. The company had revenue of $93.17 million for the quarter, compared to analysts’ expectations of $85.23 million. During the same period in the prior year, the business earned $0.37 EPS. The firm’s quarterly revenue was down 13.6% on a year-over-year basis.

Vicor Price Performance

Vicor stock traded up $7.82 during trading hours on Wednesday, reaching $51.26. The stock had a trading volume of 294,865 shares, compared to its average volume of 217,955. Vicor has a 52 week low of $30.90 and a 52 week high of $54.19. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 83.90 and a beta of 1.51. The business’s 50 day moving average price is $38.92 and its 200-day moving average price is $36.45.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on VICR shares. Craig Hallum increased their price objective on shares of Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a research note on Wednesday. Needham & Company LLC restated a “hold” rating on shares of Vicor in a report on Wednesday.

Insider Transactions at Vicor

In other news, VP Philip D. Davies sold 23,494 shares of the stock in a transaction 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 sale, the vice president now owns 15,763 shares in the company, valued at approximately $564,788.29. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 31.00% 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.