Vicor (NASDAQ:VICR) Issues Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Vicor (NASDAQ:VICR) announced its earnings results on Thursday. The electronics maker reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05, Zacks reports. Vicor had a net margin of 6.08% and a return on equity of 4.00%.

Vicor Trading Up 2.5 %

VICR traded up $1.27 during midday trading on Thursday, hitting $51.86. The company’s stock had a trading volume of 613,103 shares, compared to its average volume of 230,892. The firm has a market cap of $2.34 billion, a P/E ratio of 108.04 and a beta of 1.51. The firm has a 50-day moving average price of $50.70 and a two-hundred day moving average price of $46.55. Vicor has a 52-week low of $30.90 and a 52-week high of $62.00.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on VICR. Craig Hallum raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Needham & Company LLC restated a “hold” rating on shares of Vicor in a report on Tuesday.

Insider Buying and Selling at Vicor

In other news, Director Andrew D’amico sold 2,000 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $51.91, for a total transaction of $103,820.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Estia J. Eichten sold 8,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $55.51, for a total value of $444,080.00. Following the sale, the director now owns 230,267 shares of the company’s stock, valued at $12,782,121.17. The trade was a 3.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,000 shares of company stock worth $786,900 in the last 90 days. 31.00% 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.