Vicor (VICR) Set to Announce Earnings on Tuesday

Vicor (NASDAQ:VICR) is set to announce its earnings results after the market closes on Tuesday, July 23rd. Investors that are interested in registering for the company’s conference call can do so using this link.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, April 23rd. The electronics maker reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). Vicor had a return on equity of 8.55% and a net margin of 11.49%. The firm had revenue of $83.80 million for the quarter, compared to the consensus estimate of $84.83 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The company’s revenue was down 14.3% on a year-over-year basis.

Vicor Stock Down 2.1 %

Shares of NASDAQ:VICR opened at $36.18 on Monday. Vicor has a 12-month low of $30.90 and a 12-month high of $98.38. The stock has a market cap of $1.61 billion, a PE ratio of 36.18 and a beta of 1.50. The business has a 50 day moving average of $34.38 and a 200-day moving average of $36.48.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on VICR shares. StockNews.com upgraded Vicor from a “sell” rating to a “hold” rating in a report on Friday, May 24th. Craig Hallum reduced their price objective on Vicor from $40.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, April 24th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research report on Monday, June 24th.

Insider Transactions at Vicor

In related news, VP Nancy L. Grava sold 1,277 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $33.91, for a total value of $43,303.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders sold 2,150 shares of company stock worth $72,275. Corporate insiders own 31.30% 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.