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

Vicor (NASDAQ:VICR) posted 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 net margin of 7.20% and a return on equity of 4.98%. The firm had revenue of $93.17 million during the quarter, compared to analysts’ expectations of $85.23 million. During the same period in the previous year, the business posted $0.37 EPS. The business’s revenue was down 13.6% compared to the same quarter last year.

Vicor Stock Up 18.0 %

Shares of VICR traded up $7.82 during midday trading on Wednesday, reaching $51.26. The company had a trading volume of 294,865 shares, compared to its average volume of 217,955. Vicor has a 1-year low of $30.90 and a 1-year high of $54.19. The firm has a 50 day simple moving average of $38.92 and a 200-day simple moving average of $36.45. The stock has a market cap of $2.31 billion, a PE ratio of 83.90 and a beta of 1.51.

Analysts Set New Price Targets

Several equities analysts have issued reports on VICR shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a report on Wednesday. Craig Hallum lifted their price objective on Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a report on Wednesday.

Insider Activity

In other Vicor news, VP Philip D. Davies sold 23,494 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $35.83, for a total value of $841,790.02. Following the transaction, the vice president now directly owns 15,763 shares in the company, valued at $564,788.29. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 31.00% 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.