Vicor (NASDAQ:VICR) Announces Quarterly Earnings Results

Vicor (NASDAQ:VICR) announced its earnings results on Thursday. The electronics maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.38 by $0.63, FiscalAI reports. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The business had revenue of $107.26 million during the quarter, compared to analysts’ expectations of $107.78 million.

Vicor Trading Down 1.8%

NASDAQ:VICR traded down $2.77 on Thursday, hitting $152.84. The company had a trading volume of 646,296 shares, compared to its average volume of 628,754. Vicor has a 52 week low of $38.92 and a 52 week high of $177.00. The stock has a market capitalization of $6.82 billion, a price-to-earnings ratio of 83.52 and a beta of 1.90. The firm has a 50 day moving average of $137.42 and a two-hundred day moving average of $91.17.

Wall Street Analysts Forecast Growth

VICR has been the topic of several research analyst reports. Wall Street Zen lowered Vicor from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 23rd. Craig Hallum raised shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a report on Wednesday, October 22nd. Zacks Research upgraded Vicor to a “hold” rating in a report on Tuesday, December 16th. Roth Mkm reissued a “buy” rating and set a $175.00 price target on shares of Vicor in a report on Thursday, January 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.33.

Insider Transactions at Vicor

In other Vicor news, CFO James F. Schmidt sold 5,000 shares of the stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $110.00, for a total value of $550,000.00. Following the completion of the transaction, the chief financial officer directly owned 875 shares in the company, valued at approximately $96,250. This trade represents a 85.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Mcnamara sold 4,237 shares of Vicor stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $101.23, for a total transaction of $428,911.51. Following the sale, the insider owned 18,138 shares in the company, valued at approximately $1,836,109.74. This represents a 18.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 128,306 shares of company stock worth $13,743,160. Corporate insiders own 31.30% of the company’s stock.

Hedge Funds Weigh In On Vicor

Hedge funds have recently modified their holdings of the business. Federated Hermes Inc. bought a new position in Vicor during the 4th quarter worth $27,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Vicor in the 4th quarter worth approximately $36,000. Global Retirement Partners LLC boosted its position in Vicor by 969.4% during the fourth quarter. Global Retirement Partners LLC now owns 385 shares of the electronics maker’s stock valued at $42,000 after acquiring an additional 349 shares during the last quarter. Strs Ohio acquired a new stake in Vicor during the 1st quarter worth about $56,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Vicor by 13.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock worth $56,000 after acquiring an additional 136 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Company Profile

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.