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

Key Points

• Vicor beat quarterly expectations: The company reported earnings of $1.33 per share, $0.01 above consensus, while revenue reached $197.11 million versus estimates of $187.03 million.
• Analyst sentiment remains positive: Vicor has a consensus “Buy” rating and an average price target of $391.67, with several analysts recently raising their targets.
• Insiders have been selling shares: Company insiders sold 27,053 shares worth approximately $7.75 million over the past 90 days; insiders still own 28.3% of the company.

Vicor (NASDAQ:VICR - Get Free Report) announced its earnings results on Tuesday. The electronics maker reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.01, FiscalAI reports. The business had revenue of $197.11 million for the quarter, compared to analyst estimates of $187.03 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.

Vicor Stock Performance

NASDAQ VICR opened at $190.68 on Tuesday. Vicor has a 52-week low of $57.54 and a 52-week high of $382.65. The company 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 moving average of $228.90 and a 200-day moving average of $250.24.

Analyst Ratings Changes

Several analysts have weighed in on the company. Zacks Research raised Vicor from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 1st. Weiss Ratings lowered Vicor from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, September 18th. Roth Capital reissued a "buy" rating and set a $375.00 price objective on shares of Vicor in a report on Tuesday, September 22nd. Craig Hallum upped their price objective on shares of Vicor to $450.00 and gave the stock a "buy" rating in a research report on Monday, June 22nd. Finally, Needham & Company LLC raised their target price on shares of Vicor from $320.00 to $350.00 and gave the company a "buy" rating in a research note on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $391.67.

Insider Buying and Selling

In related news, CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $316.13, for a total value of $6,322,600.00. Following the transaction, the chief executive officer owned 8,307,390 shares of the company's stock, valued at $2,626,215,200.70. This represents a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Zmira Lavie sold 908 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $250.00, for a total value of $227,000.00. Following the completion of the transaction, the director directly owned 908 shares in the company, valued at approximately $227,000. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 27,053 shares of company stock worth $7,745,984. Corporate insiders own 28.30% of the company's stock.

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.

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