Vicor (NASDAQ:VICR) Posts Quarterly Earnings Results

Vicor (NASDAQ:VICR) issued its earnings results on Tuesday. The electronics maker reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.01, FiscalAI reports. Vicor had a return on equity of 19.83% and a net margin of 30.65%. The firm had revenue of $197.11 million for the quarter, compared to analyst estimates of $187.03 million.

Vicor Stock Performance

NASDAQ VICR opened at $190.68 on Tuesday. Vicor has a 52-week low of $57.54 and a 52-week high of $382.65. The company has a market capitalization of $8.79 billion, a P/E ratio of 61.12 and a beta of 2.37. The company has a fifty day moving average of $228.90 and a 200-day moving average of $250.24.

Insider Activity at Vicor

In other Vicor news, VP Philip Davies sold 3,073 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $177.70, for a total transaction of $546,072.10. Following the sale, the vice president owned 1,920 shares in the company, valued at $341,184. This trade represents a 61.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Patrizio Vinciarelli sold 20,000 shares of Vicor stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $316.13, for a total value of $6,322,600.00. Following the sale, the chief executive officer directly owned 8,307,390 shares of the company’s stock, valued at approximately $2,626,215,200.70. This trade represents a 0.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,053 shares of company stock valued at $7,745,984 over the last 90 days. 28.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Roth Capital reiterated a “buy” rating and set a $375.00 price target on shares of Vicor in a research report on Tuesday, September 22nd. Wall Street Zen upgraded shares of Vicor from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Weiss Ratings cut shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 18th. Needham & Company LLC upped their target price on shares of Vicor from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, October 1st. Finally, Zacks Research upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $391.67.

About Vicor

Vicor Corporation (NASDAQ: VICR) designs, develops, manufactures and markets modular power components and systems. The company’s products convert, regulate and distribute electrical power for electronic equipment, with an emphasis on high-performance, compact and efficient power solutions.

Its portfolio includes AC-to-DC and DC-to-DC converters, regulators, power modules, power distribution components and complete power systems. Vicor’s technologies include its Factorized Power Architecture and high-density ChiP packaging, which are designed to help engineers manage power more efficiently while reducing the size and complexity of electronic systems.

Vicor serves customers in industries such as data centers and computing, telecommunications, automotive, aerospace and defense, industrial equipment, and consumer electronics.