Vicor (NASDAQ:VICR) Releases Quarterly Earnings Results, Beats Estimates By $0.63 EPS

Vicor (NASDAQ:VICR) posted 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 return on equity of 13.77% and a net margin of 18.63%.The firm had revenue of $107.26 million for the quarter, compared to analyst estimates of $107.78 million.

Vicor Price Performance

VICR traded down $2.77 on Thursday, reaching $152.84. 653,540 shares of the company’s stock were exchanged, compared to its average volume of 628,754. Vicor has a twelve month low of $38.92 and a twelve month high of $177.00. The stock has a market cap of $6.82 billion, a PE ratio of 83.52 and a beta of 1.90. The stock’s fifty day moving average price is $137.42 and its 200-day moving average price is $91.17.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Vicor

In other news, insider Michael Mcnamara sold 4,237 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $101.23, for a total value of $428,911.51. Following the completion of the sale, the insider directly owned 18,138 shares in the company, valued at $1,836,109.74. This represents a 18.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $103.02, for a total value of $2,060,400.00. Following the completion of the sale, the chief executive officer directly owned 9,808,363 shares of the company’s stock, valued at approximately $1,010,457,556.26. This represents a 0.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 128,306 shares of company stock worth $13,743,160 in the last ninety days. Insiders own 31.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VICR. Amundi acquired a new position in Vicor in the 4th quarter valued at about $208,000. Stifel Financial Corp purchased a new stake in shares of Vicor during the 4th quarter valued at approximately $224,000. Compass Capital Corp MA ADV purchased a new stake in shares of Vicor during the 4th quarter valued at approximately $184,000. Empowered Funds LLC acquired a new position in Vicor in the fourth quarter valued at approximately $81,000. Finally, CIBC Asset Management Inc purchased a new position in Vicor in the fourth quarter worth approximately $207,000. 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.