Vicor (NASDAQ:VICR – Get Free Report) posted its quarterly earnings data on Tuesday. The electronics maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04), Briefing.com reports. Vicor had a return on equity of 10.45% and a net margin of 13.23%. The firm had revenue of $83.80 million for the quarter, compared to analyst estimates of $84.83 million. During the same period in the prior year, the company earned $0.25 earnings per share. The firm’s quarterly revenue was down 14.3% on a year-over-year basis.
Vicor Trading Down 6.2 %
NASDAQ VICR opened at $33.01 on Wednesday. The company has a market cap of $1.47 billion, a PE ratio of 29.56 and a beta of 1.53. Vicor has a 12 month low of $33.01 and a 12 month high of $98.38. The stock has a 50 day moving average of $38.12 and a 200-day moving average of $40.36.
Insiders Place Their Bets
In other news, 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 of the company’s stock, valued at approximately $197,924.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, VP Robert Gendron sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $36.83, for a total value of $73,660.00. Following the completion of the sale, the vice president now directly owns 5,374 shares of the company’s stock, valued at $197,924.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Kemble D. Morrison sold 2,659 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $37.00, for a total value of $98,383.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,999 shares of company stock valued at $184,990. 31.30% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
View Our Latest Report on VICR
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.
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