Vicor (NASDAQ:VICR) Shares Gap Down After Earnings Miss

Vicor Co. (NASDAQ:VICR - Get Free Report)'s stock price gapped down before the market opened on Wednesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $51.91, but opened at $43.91. Vicor shares last traded at $40.37, with a volume of 108,524 shares traded.

The electronics maker reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.23). Vicor had a return on equity of 4.29% and a net margin of 6.46%. The business had revenue of $93.97 million during the quarter, compared to analysts' expectations of $96.63 million. During the same quarter in the previous year, the company posted $0.06 EPS. The company's revenue was up 12.0% compared to the same quarter last year.

Analysts Set New Price Targets

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

Insider Buying and Selling at Vicor

In other news, VP Claudio Tuozzolo sold 1,898 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $64.79, for a total value of $122,971.42. Following the completion of the transaction, the vice president now directly owns 33,622 shares in the company, valued at $2,178,369.38. This trade represents a 5.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Andrew D'amico sold 1,800 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.89, for a total transaction of $113,202.00. The disclosure for this sale can be found here. Insiders have sold 7,642 shares of company stock worth $477,070 over the last ninety days. Insiders own 31.00% of the company's stock.

Institutional Investors Weigh In On Vicor

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bouvel Investment Partners LLC grew its holdings in Vicor by 1.0% in the fourth quarter. Bouvel Investment Partners LLC now owns 24,790 shares of the electronics maker's stock valued at $1,198,000 after purchasing an additional 243 shares during the period. Simon Quick Advisors LLC grew its position in Vicor by 4.1% during the 4th quarter. Simon Quick Advisors LLC now owns 8,175 shares of the electronics maker's stock worth $395,000 after purchasing an additional 324 shares in the last quarter. Optimum Investment Advisors purchased a new stake in shares of Vicor during the 1st quarter worth about $26,000. New York State Common Retirement Fund raised its position in shares of Vicor by 0.3% in the fourth quarter. New York State Common Retirement Fund now owns 213,456 shares of the electronics maker's stock valued at $10,314,000 after purchasing an additional 600 shares during the period. Finally, Ashford Capital Management Inc. raised its stake in Vicor by 2.5% during the 4th quarter. Ashford Capital Management Inc. now owns 24,150 shares of the electronics maker's stock valued at $1,167,000 after purchasing an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company's stock.

Vicor Stock Performance

The company has a market cap of $1.83 billion, a price-to-earnings ratio of 77.75 and a beta of 1.79. The business's 50 day moving average price is $50.57 and its 200-day moving average price is $51.38.

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.