Vicor (NASDAQ:VICR – Get Free Report) announced its quarterly earnings results on Tuesday. The electronics maker reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.13, Briefing.com reports. Vicor had a net margin of 7.20% and a return on equity of 4.98%. The company had revenue of $93.17 million for the quarter, compared to analysts’ expectations of $85.23 million. During the same quarter in the previous year, the company earned $0.37 earnings per share. Vicor’s quarterly revenue was down 13.6% on a year-over-year basis.
Vicor Stock Up 17.5 %
VICR traded up $7.60 during trading on Wednesday, hitting $51.04. The company’s stock had a trading volume of 455,888 shares, compared to its average volume of 218,366. Vicor has a one year low of $30.90 and a one year high of $54.19. The firm has a market cap of $2.30 billion, a PE ratio of 83.90 and a beta of 1.51. The business’s 50 day simple moving average is $38.92 and its 200-day simple moving average is $36.45.
Insiders Place Their Bets
In other Vicor news, VP Philip D. Davies sold 23,494 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $35.83, for a total value of $841,790.02. Following the transaction, the vice president now directly owns 15,763 shares in the company, valued at approximately $564,788.29. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 31.00% of the company’s stock.
Wall Street Analyst Weigh In
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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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