Vicor (NASDAQ:VICR) Issues Quarterly Earnings Results, Misses Expectations By $0.23 EPS

Vicor (NASDAQ:VICR - Get Free Report) announced its earnings results on Tuesday. The electronics maker reported $0.06 EPS for the quarter, missing analysts' consensus estimates 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 net margin of 6.46% and a return on equity of 4.29%. The business's revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 earnings per share.

Vicor Stock Performance

VICR traded up $1.81 during trading on Friday, reaching $41.22. The company's stock had a trading volume of 181,951 shares, compared to its average volume of 279,391. The company's fifty day moving average price is $50.96 and its 200-day moving average price is $51.24. Vicor has a 52-week low of $31.65 and a 52-week high of $65.70. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 79.26 and a beta of 1.79.

Insider Transactions at Vicor

In related news, CAO Quentin A. Fendelet sold 440 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $61.71, for a total value of $27,152.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Claudio Tuozzolo sold 3,504 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $61.00, for a total transaction of $213,744.00. Following the transaction, the vice president now owns 34,622 shares in the company, valued at $2,111,942. The trade was a 9.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,642 shares of company stock valued at $477,070. Corporate insiders own 31.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Craig Hallum raised shares of Vicor from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. StockNews.com cut Vicor from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Needham & Company LLC restated a "hold" rating on shares of Vicor in a research note on Tuesday, February 18th.

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.