Vicor (NASDAQ:VICR) Posts Earnings Results, Misses Estimates By $0.04 EPS

Vicor (NASDAQ:VICR) issued its earnings results on Tuesday. The electronics maker reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04), Briefing.com reports. The firm had revenue of $83.80 million during the quarter, compared to the consensus estimate of $84.83 million. Vicor had a return on equity of 10.45% and a net margin of 13.23%. The company’s revenue for the quarter was down 14.3% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share.

Vicor Price Performance

Shares of NASDAQ:VICR traded down $0.82 during trading on Wednesday, reaching $34.36. 99,853 shares of the company were exchanged, compared to its average volume of 262,419. The firm has a market capitalization of $1.53 billion, a PE ratio of 30.12 and a beta of 1.53. The business’s fifty day simple moving average is $38.12 and its 200-day simple moving average is $40.36. Vicor has a 12-month low of $33.53 and a 12-month high of $98.38.

Wall Street Analysts Forecast Growth

VICR has been the subject of a number of recent research reports. Craig Hallum lowered shares of Vicor from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a report on Friday, February 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a report on Wednesday. Finally, StockNews.com upgraded Vicor from a “sell” rating to a “hold” rating in a report on Saturday.

Insiders Place Their Bets

In other news, VP Robert Gendron sold 2,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $36.83, for a total transaction of $73,660.00. Following the transaction, the vice president now owns 5,374 shares of the company’s stock, valued at approximately $197,924.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Kemble D. Morrison sold 2,659 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $37.00, for a total transaction of $98,383.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert Gendron sold 2,000 shares of Vicor stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $36.83, for a total value of $73,660.00. Following the completion of the transaction, the vice president now owns 5,374 shares in the company, valued at approximately $197,924.42. The disclosure for this sale can be found here. Insiders have sold 4,999 shares of company stock worth $184,990 in the last ninety days. 31.30% of the stock is owned by company 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.