Vicor (NASDAQ:VICR) Announces Earnings Results

Vicor (NASDAQ:VICR - Get Free Report) issued its quarterly earnings results on Tuesday. The electronics maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.23), Zacks reports. The business had revenue of $93.97 million during the quarter, compared to analyst estimates of $96.63 million. Vicor had a return on equity of 4.29% and a net margin of 6.46%. Vicor's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 EPS.

Vicor Stock Up 4.6 %

Shares of VICR stock traded up $1.81 during trading hours on Friday, hitting $41.22. 181,951 shares of the company's stock were exchanged, compared to its average volume of 279,391. The firm has a 50 day moving average of $50.96 and a two-hundred day moving average of $51.24. Vicor has a fifty-two week low of $31.65 and a fifty-two week high of $65.70. The firm has a market cap of $1.86 billion, a P/E ratio of 79.26 and a beta of 1.79.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on VICR shares. StockNews.com cut shares of Vicor from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Needham & Company LLC reaffirmed a "hold" rating on shares of Vicor in a research note on Tuesday, February 18th. Finally, Craig Hallum raised shares of Vicor from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th.

Insider Buying and Selling

In other Vicor news, VP Claudio Tuozzolo sold 3,504 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $61.00, for a total transaction of $213,744.00. Following the completion of the transaction, the vice president now owns 34,622 shares of the company's stock, valued at $2,111,942. This represents a 9.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew D'amico sold 1,800 shares of Vicor stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $62.89, for a total value of $113,202.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,642 shares of company stock valued at $477,070. 31.00% of the stock is owned by corporate insiders.

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.