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

Vicor (NASDAQ:VICR) announced its quarterly earnings data on Thursday. The electronics maker reported $0.23 earnings per share (EPS) for the quarter, topping 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 Stock Performance

VICR stock opened at $51.86 on Friday. The stock 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 simple moving average of $50.68 and a 200 day simple moving average of $46.59. Vicor has a 52 week low of $30.90 and a 52 week high of $62.00.

Insider Buying and Selling

In related news, Director Estia J. Eichten sold 8,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly owns 230,267 shares in the company, valued at approximately $12,782,121.17. This trade represents a 3.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Andrew D’amico sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $51.91, for a total transaction of $103,820.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,000 shares of company stock worth $786,900. 31.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on VICR shares. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a report on Tuesday.

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.