Vicor (VICR) to Release Quarterly Earnings on Tuesday

Vicor (NASDAQ:VICR - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Tuesday, April 23rd. Persons interested in registering for the company's earnings conference call can do so using this link.

Vicor (NASDAQ:VICR - Get Free Report) last issued its earnings results on Thursday, February 22nd. The electronics maker reported $0.19 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.17). Vicor had a return on equity of 10.45% and a net margin of 13.23%. The firm had revenue of $92.70 million during the quarter, compared to the consensus estimate of $107.07 million. During the same period last year, the business earned $0.18 earnings per share. The firm's revenue for the quarter was down 12.1% compared to the same quarter last year.

Vicor Price Performance

Shares of Vicor stock traded down $0.91 during trading on Tuesday, hitting $34.40. 227,614 shares of the company's stock traded hands, compared to its average volume of 266,844. Vicor has a twelve month low of $34.08 and a twelve month high of $98.38. The company has a market cap of $1.53 billion, a PE ratio of 28.91 and a beta of 1.53. The firm's fifty day moving average price is $38.84 and its 200 day moving average price is $41.15.

Insider Activity at Vicor

In other news, VP Kemble D. Morrison sold 2,659 shares of the business's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $37.00, for a total value of $98,383.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Vicor news, VP Robert Gendron sold 2,000 shares of the firm's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $36.83, for a total value of $73,660.00. Following the completion of the sale, the vice president now owns 5,374 shares in the company, valued at approximately $197,924.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kemble D. Morrison sold 2,659 shares of the business's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $37.00, for a total transaction of $98,383.00. The disclosure for this sale can be found here. Insiders sold 4,999 shares of company stock valued at $184,990 in the last ninety days. Insiders own 31.30% of the company's stock.

Institutional Investors Weigh In On Vicor

A number of institutional investors and hedge funds have recently made changes to their positions in VICR. PNC Financial Services Group Inc. lifted its holdings in Vicor by 77.2% in the second quarter. PNC Financial Services Group Inc. now owns 817 shares of the electronics maker's stock valued at $44,000 after buying an additional 356 shares during the period. Royal Bank of Canada boosted its position in shares of Vicor by 51.8% in the 3rd quarter. Royal Bank of Canada now owns 894 shares of the electronics maker's stock worth $53,000 after purchasing an additional 305 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of Vicor by 51.9% in the 3rd quarter. Federated Hermes Inc. now owns 992 shares of the electronics maker's stock worth $59,000 after purchasing an additional 339 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Vicor by 109.3% during the first quarter. Captrust Financial Advisors now owns 898 shares of the electronics maker's stock worth $63,000 after purchasing an additional 469 shares during the period. Finally, Covestor Ltd increased its holdings in Vicor by 132.4% in the first quarter. Covestor Ltd now owns 960 shares of the electronics maker's stock valued at $68,000 after purchasing an additional 547 shares during the last quarter. Institutional investors own 47.45% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on VICR. StockNews.com lowered Vicor from a "hold" rating to a "sell" rating in a research note on Friday. Craig Hallum lowered Vicor from a "buy" rating to a "hold" rating and set a $40.00 price target on the stock. in a research note on Friday, February 23rd.

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.