Vicor (NASDAQ:VICR) Announces Earnings Results

Vicor (NASDAQ:VICR) released its earnings results on Thursday. The electronics maker reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05, Zacks reports. Vicor had a net margin of 6.08% and a return on equity of 4.00%.

Vicor Price Performance

Shares of NASDAQ VICR traded up $1.27 during midday trading on Thursday, reaching $51.86. 613,103 shares of the stock were exchanged, compared to its average volume of 230,892. The business has a 50-day simple moving average of $50.70 and a two-hundred day simple moving average of $46.55. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 108.04 and a beta of 1.51. Vicor has a 12 month low of $30.90 and a 12 month high of $62.00.

Wall Street Analyst Weigh In

A number of analysts have commented on VICR shares. Craig Hallum raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a report on Tuesday.

Insider Transactions at Vicor

In related news, Director Andrew D’amico sold 4,000 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $59.75, for a total value of $239,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Estia J. Eichten sold 8,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $55.51, for a total transaction of $444,080.00. Following the completion of the sale, the director now directly owns 230,267 shares in the company, valued at $12,782,121.17. This represents a 3.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,000 shares of company stock valued at $786,900 over the last three months. 31.00% of the stock is currently owned by corporate insiders.

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.