Vicor (NASDAQ:VICR) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Vicor (NASDAQ:VICR) issued its quarterly earnings results on Thursday. The electronics maker reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05, Zacks reports. Vicor had a return on equity of 4.00% and a net margin of 6.08%.

Vicor Stock Performance

Vicor stock traded up $1.27 during midday trading on Thursday, reaching $51.86. The company’s stock had a trading volume of 613,103 shares, compared to its average volume of 230,892. Vicor has a fifty-two week low of $30.90 and a fifty-two week high of $62.00. The stock’s 50 day simple moving average is $50.70 and its 200 day simple moving average is $46.55. The firm has a market capitalization of $2.34 billion, a PE ratio of 108.04 and a beta of 1.51.

Insider Buying and Selling at Vicor

In other news, Director Andrew D’amico sold 4,000 shares of Vicor stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $59.75, for a total transaction of $239,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Estia J. Eichten sold 8,000 shares of Vicor stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $55.51, for a total value of $444,080.00. Following the transaction, the director now directly owns 230,267 shares of the company’s stock, valued at $12,782,121.17. This trade represents a 3.36 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,000 shares of company stock valued at $786,900. 31.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

VICR has been the subject of a number of recent analyst reports. Craig Hallum raised Vicor from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a report on Tuesday.

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.