Vicor (NASDAQ:VICR) Issues Quarterly Earnings Results

Vicor (NASDAQ:VICR) issued its quarterly earnings results on Thursday. The electronics maker reported $0.23 earnings per share (EPS) 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 %

Shares of Vicor stock traded up $1.27 during trading on Thursday, hitting $51.86. 613,103 shares of the stock were exchanged, compared to its average volume of 230,892. Vicor has a 1-year low of $30.90 and a 1-year high of $62.00. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 108.04 and a beta of 1.51. The company has a fifty day moving average price of $50.70 and a 200-day moving average price of $46.55.

Wall Street Analysts Forecast Growth

VICR has been the topic of several recent research reports. Craig Hallum upgraded 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 research note on Tuesday.

Insider Activity at Vicor

In related news, Director Andrew D’amico sold 4,000 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $59.75, for a total value of $239,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Estia J. Eichten sold 8,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $55.51, for a total transaction of $444,080.00. Following the completion of the transaction, the director now owns 230,267 shares in the company, valued at approximately $12,782,121.17. This trade represents a 3.36 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,000 shares of company stock worth $786,900. Insiders own 31.00% 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.