Vicor (NASDAQ:VICR) Sets New 52-Week Low After Earnings Miss

Shares of Vicor Co. (NASDAQ:VICR) hit a new 52-week low during trading on Wednesday following a dissappointing earnings announcement. The stock traded as low as $33.53 and last traded at $35.52, with a volume of 85800 shares trading hands. The stock had previously closed at $35.18.

The electronics maker reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). Vicor had a net margin of 11.49% and a return on equity of 8.59%. The company had revenue of $83.80 million for the quarter, compared to analyst estimates of $84.83 million. During the same quarter in the prior year, the business earned $0.25 EPS. Vicor’s revenue was down 14.3% compared to the same quarter last year.

Analyst Ratings Changes

Several research analysts have issued reports on VICR shares. Craig Hallum decreased their price target on shares of Vicor from $40.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday. Needham & Company LLC restated a “hold” rating on shares of Vicor in a research report on Wednesday. Finally, StockNews.com upgraded shares of Vicor from a “sell” rating to a “hold” rating in a research report on Saturday, April 20th.

Insider Activity

In other news, VP Robert Gendron sold 2,000 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $36.83, for a total transaction of $73,660.00. Following the transaction, the vice president now directly owns 5,374 shares in the company, valued at approximately $197,924.42. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, VP Robert Gendron sold 2,000 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $36.83, for a total transaction of $73,660.00. Following the transaction, the vice president now directly owns 5,374 shares in the company, valued at approximately $197,924.42. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Kemble D. Morrison sold 2,659 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $37.00, for a total transaction of $98,383.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,999 shares of company stock worth $184,990 in the last ninety days. Corporate insiders own 31.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

A number of large investors have recently bought and sold shares of VICR. Byrne Asset Management LLC bought a new stake in Vicor in the fourth quarter worth $35,000. PNC Financial Services Group Inc. boosted its holdings in Vicor by 37.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker’s stock worth $50,000 after purchasing an additional 303 shares in the last quarter. New Mexico Educational Retirement Board bought a new stake in Vicor in the first quarter worth $172,000. Acadian Asset Management LLC lifted its position in Vicor by 30.0% during the 3rd quarter. Acadian Asset Management LLC now owns 3,056 shares of the electronics maker’s stock worth $178,000 after acquiring an additional 706 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in Vicor by 913.5% during the 3rd quarter. Federated Hermes Inc. now owns 3,456 shares of the electronics maker’s stock worth $204,000 after acquiring an additional 3,115 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors.

Vicor Stock Performance

The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 33.48 and a beta of 1.53. The stock’s 50-day simple moving average is $37.65 and its two-hundred day simple moving average is $40.25.

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.