Vicor (NASDAQ:VICR) Issues Earnings Results

Key Points

• Vicor reported $0.63 earnings per share (EPS), significantly exceeding the consensus estimate of $0.20 by $0.43, along with a return on equity of 11.32% and a net margin of 15.44%.
• Shares of Vicor increased by 13.4% on the day following the earnings release, closing at $65.80 with a significantly higher trading volume of 1,601,065 shares.
• Institutional ownership of Vicor stands at 47.45%, with notable increases in holdings by institutional investors like Millennium Management and AQR Capital Management in recent quarters.

Vicor (NASDAQ:VICR - Get Free Report) issued its quarterly earnings results on Tuesday. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.43, Zacks reports. Vicor had a return on equity of 11.32% and a net margin of 15.44%.

Vicor Trading Up 13.4%

Shares of VICR traded up $7.76 on Tuesday, reaching $65.80. The company's stock had a trading volume of 1,601,065 shares, compared to its average volume of 305,325. Vicor has a twelve month low of $38.92 and a twelve month high of $68.67. The stock has a market capitalization of $2.96 billion, a PE ratio of 45.07 and a beta of 1.73. The firm has a fifty day moving average of $51.16 and a 200-day moving average of $47.32.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Vicor in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Vicor from a "hold" rating to a "buy" rating in a research note on Friday, September 5th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Vicor in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $43.00.

Insider Buying and Selling

In other news, Director Andrew D'amico sold 5,813 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $63.00, for a total value of $366,219.00. Following the completion of the sale, the director directly owned 1,217 shares of the company's stock, valued at $76,671. This represents a 82.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 31.30% of the company's stock.

Institutional Investors Weigh In On Vicor

Several institutional investors have recently bought and sold shares of the stock. Millennium Management LLC raised its position in Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker's stock valued at $12,379,000 after buying an additional 259,022 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Vicor by 90.9% in the second quarter. AQR Capital Management LLC now owns 78,189 shares of the electronics maker's stock valued at $3,547,000 after purchasing an additional 37,222 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Vicor by 221.0% in the second quarter. Qube Research & Technologies Ltd now owns 36,133 shares of the electronics maker's stock valued at $1,639,000 after purchasing an additional 24,876 shares during the last quarter. Norges Bank bought a new position in shares of Vicor during the second quarter valued at about $1,002,000. Finally, Raymond James Financial Inc. boosted its holdings in Vicor by 55.7% during the second quarter. Raymond James Financial Inc. now owns 61,034 shares of the electronics maker's stock worth $2,769,000 after purchasing an additional 21,838 shares during the last quarter. Institutional investors own 47.45% of the company's stock.

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.

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