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

Vicor (NASDAQ:VICR) released its earnings results on Tuesday. The electronics maker reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.13, Briefing.com reports. Vicor had a return on equity of 4.03% and a net margin of 6.08%. The firm had revenue of $93.17 million for the quarter, compared to the consensus estimate of $85.23 million. During the same period in the prior year, the firm earned $0.37 EPS. The firm’s revenue was down 13.6% on a year-over-year basis.

Vicor Price Performance

Shares of NASDAQ VICR opened at $49.39 on Thursday. The firm’s 50 day simple moving average is $39.19 and its 200-day simple moving average is $36.54. Vicor has a 12 month low of $30.90 and a 12 month high of $54.19. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 102.90 and a beta of 1.51.

Insider Buying and Selling at Vicor

In other news, VP Philip D. Davies sold 23,494 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $35.83, for a total transaction of $841,790.02. Following the sale, the vice president now directly owns 15,763 shares in the company, valued at $564,788.29. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 31.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Craig Hallum increased their price target on shares of Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a report on Wednesday. Needham & Company LLC restated a “hold” rating on shares of Vicor in a research report on Wednesday.

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.