Vicor (NASDAQ:VICR) Issues Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Vicor (NASDAQ:VICR) released its quarterly earnings results on Tuesday. The electronics maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04), Briefing.com reports. The firm had revenue of $83.80 million for the quarter, compared to analyst estimates of $84.83 million. Vicor had a return on equity of 10.45% and a net margin of 13.23%. The business’s revenue for the quarter was down 14.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 earnings per share.

Vicor Stock Performance

Shares of Vicor stock traded down $1.39 during trading on Wednesday, reaching $33.79. 132,048 shares of the company’s stock were exchanged, compared to its average volume of 262,719. Vicor has a 1-year low of $33.39 and a 1-year high of $98.38. The company has a market cap of $1.50 billion, a P/E ratio of 30.12 and a beta of 1.53. The firm’s 50-day moving average price is $38.12 and its 200 day moving average price is $40.36.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VICR. Craig Hallum cut Vicor from a “buy” rating to a “hold” rating and set a $40.00 price target for the company. in a report on Friday, February 23rd. StockNews.com raised Vicor from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Needham & Company LLC reissued a “hold” rating on shares of Vicor in a report on Wednesday.

Insider Transactions at Vicor

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

About Vicor

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.