Vicor (NASDAQ:VICR) Releases Quarterly Earnings Results, Misses Estimates By $0.12 EPS

Vicor (NASDAQ:VICR) posted its earnings results on Tuesday. The electronics maker reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.12), Briefing.com reports. Vicor had a net margin of 7.20% and a return on equity of 4.99%. The company had revenue of $85.90 million during the quarter, compared to analyst estimates of $81.77 million. During the same period in the previous year, the company earned $0.38 EPS. The company’s quarterly revenue was down 19.5% compared to the same quarter last year.

Vicor Price Performance

Shares of VICR stock traded up $0.58 during trading hours on Thursday, reaching $38.55. 189,942 shares of the stock were exchanged, compared to its average volume of 235,464. The business’s fifty day moving average is $34.65 and its two-hundred day moving average is $36.48. Vicor has a 12-month low of $30.90 and a 12-month high of $98.38. The firm has a market capitalization of $1.72 billion, a P/E ratio of 37.97 and a beta of 1.50.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on VICR shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a research report on Wednesday. Craig Hallum cut their price target on shares of Vicor from $40.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, April 24th. Finally, StockNews.com upgraded shares of Vicor from a “sell” rating to a “hold” rating in a research note on Friday, May 24th.

Insider Buying and Selling

In other Vicor news, VP Nancy L. Grava sold 1,277 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $33.91, for a total value of $43,303.07. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last ninety days, insiders have sold 2,150 shares of company stock worth $72,275. Company insiders own 31.30% 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.