Vicor (VICR) Expected to Announce Quarterly Earnings on Thursday

Vicor (NASDAQ:VICR) is projected to post its quarterly earnings results after the market closes on Thursday, February 20th. Analysts expect Vicor to post earnings of $0.18 per share and revenue of $91.03 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Vicor Price Performance

Shares of VICR opened at $50.75 on Wednesday. Vicor has a one year low of $30.90 and a one year high of $62.00. The company has a 50-day simple moving average of $50.83 and a two-hundred day simple moving average of $46.43. The firm has a market capitalization of $2.29 billion, a PE ratio of 105.73 and a beta of 1.51.

Insider Activity

In other news, Director Andrew D’amico sold 4,000 shares of Vicor stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $59.75, for a total transaction of $239,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Estia J. Eichten sold 8,000 shares of Vicor stock in a transaction that occurred 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 transaction, the director now owns 230,267 shares of the company’s stock, valued at $12,782,121.17. The trade was a 3.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,000 shares of company stock worth $786,900. Insiders own 31.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Craig Hallum raised their price objective on shares of Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Needham & Company LLC restated a “hold” rating on shares of Vicor in a report on Tuesday.

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.