Vicor (NASDAQ:VICR) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Vicor (NASDAQ:VICR) posted its quarterly earnings results on Tuesday. The electronics maker reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.01, FiscalAI reports. Vicor had a return on equity of 19.83% and a net margin of 30.65%. The company had revenue of $197.11 million for the quarter, compared to analysts’ expectations of $187.03 million.

Vicor Stock Down 0.4%

VICR stock opened at $190.68 on Tuesday. Vicor has a 52 week low of $57.54 and a 52 week high of $382.65. The firm has a market capitalization of $8.79 billion, a P/E ratio of 61.38 and a beta of 2.37. The company has a fifty day simple moving average of $228.90 and a two-hundred day simple moving average of $250.24.

Insider Transactions at Vicor

In other news, Director Zmira Lavie sold 908 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $250.00, for a total value of $227,000.00. Following the sale, the director directly owned 908 shares in the company, valued at $227,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Patrizio Vinciarelli sold 20,000 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $316.13, for a total transaction of $6,322,600.00. Following the sale, the chief executive officer owned 8,307,390 shares in the company, valued at $2,626,215,200.70. This represents a 0.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 27,053 shares of company stock worth $7,745,984 in the last three months. Insiders own 28.30% of the company’s stock.

Wall Street Analyst Weigh In

VICR has been the subject of a number of research analyst reports. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. Craig Hallum lifted their price objective on shares of Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Weiss Ratings downgraded shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, September 18th. Needham & Company LLC boosted their target price on shares of Vicor from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, October 1st. Finally, Wall Street Zen upgraded shares of Vicor from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Vicor presently has a consensus rating of “Buy” and a consensus target price of $391.67.

About Vicor

Vicor Corporation (NASDAQ: VICR) designs, develops, manufactures and markets modular power components and systems. The company’s products convert, regulate and distribute electrical power for electronic equipment, with an emphasis on high-performance, compact and efficient power solutions.

Its portfolio includes AC-to-DC and DC-to-DC converters, regulators, power modules, power distribution components and complete power systems. Vicor’s technologies include its Factorized Power Architecture and high-density ChiP packaging, which are designed to help engineers manage power more efficiently while reducing the size and complexity of electronic systems.

Vicor serves customers in industries such as data centers and computing, telecommunications, automotive, aerospace and defense, industrial equipment, and consumer electronics.