Vicor (NASDAQ:VICR) Posts Earnings Results, Beats Estimates By $0.73 EPS

Vicor (NASDAQ:VICR - Get Free Report) released its quarterly earnings results on Tuesday. The electronics maker reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.73, Zacks reports. Vicor had a net margin of 6.27% and a return on equity of 4.13%.

Vicor Stock Down 5.4%

NASDAQ VICR traded down $2.60 during trading hours on Tuesday, reaching $45.20. 517,336 shares of the company were exchanged, compared to its average volume of 244,065. Vicor has a 1 year low of $34.27 and a 1 year high of $65.70. The business's 50 day simple moving average is $44.79 and its 200-day simple moving average is $48.47. The stock has a market capitalization of $2.04 billion, a P/E ratio of 86.92 and a beta of 1.75.

Institutional Trading of Vicor

A number of large investors have recently added to or reduced their stakes in the stock. Millennium Management LLC increased its stake in shares of Vicor by 4,634.5% in the first quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker's stock worth $12,379,000 after purchasing an additional 259,022 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Vicor by 38.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker's stock worth $1,943,000 after purchasing an additional 11,525 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Vicor by 6.0% in the first quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker's stock worth $709,000 after purchasing an additional 857 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Vicor by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker's stock worth $633,000 after purchasing an additional 563 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Vicor by 56.1% in the first quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker's stock worth $413,000 after purchasing an additional 3,184 shares in the last quarter. Hedge funds and other institutional investors own 47.45% of the company's stock.

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.

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