Vicor (NASDAQ:VICR – Get Free Report) posted its earnings results on Tuesday. The electronics maker reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.13, Briefing.com reports. The company had revenue of $93.17 million during the quarter, compared to analysts’ expectations of $85.23 million. Vicor had a net margin of 7.20% and a return on equity of 4.98%. Vicor’s quarterly revenue was down 13.6% on a year-over-year basis. During the same period last year, the company posted $0.37 earnings per share.
Vicor Stock Up 17.5 %
VICR traded up $7.60 on Wednesday, reaching $51.04. 455,888 shares of the company traded hands, compared to its average volume of 218,366. Vicor has a one year low of $30.90 and a one year high of $54.19. The firm has a fifty day simple moving average of $38.92 and a two-hundred day simple moving average of $36.45. The company has a market cap of $2.30 billion, a P/E ratio of 83.90 and a beta of 1.51.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on VICR. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a research note on Wednesday. Craig Hallum raised their target price on shares of Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a research note on Wednesday.
Insider Activity
In other news, VP Philip D. Davies sold 23,494 shares of Vicor stock in a transaction that occurred on 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 owns 15,763 shares of the company’s stock, valued at $564,788.29. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 31.00% of the company’s stock.
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.
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