Vicor (NASDAQ:VICR – Get Free Report) issued its quarterly earnings results on Tuesday. The electronics maker reported $0.26 EPS for the quarter, topping the consensus estimate of $0.13 by $0.13, Briefing.com reports. Vicor had a net margin of 6.08% and a return on equity of 4.03%. The company had revenue of $93.17 million during the quarter, compared to analysts’ expectations of $85.23 million. During the same quarter in the previous year, the company earned $0.37 EPS. Vicor’s revenue was down 13.6% on a year-over-year basis.
Vicor Stock Up 1.4 %
Vicor stock traded up $0.67 during midday trading on Friday, hitting $47.08. 10,439 shares of the stock were exchanged, compared to its average volume of 223,364. Vicor has a 52 week low of $30.90 and a 52 week high of $51.89. The stock has a market capitalization of $2.10 billion, a PE ratio of 46.41 and a beta of 1.51. The company has a fifty day simple moving average of $39.19 and a two-hundred day simple moving average of $36.54.
Insiders Place Their Bets
In other news, VP Philip D. Davies sold 23,494 shares of the business’s stock in a transaction 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 completion of the transaction, the vice president now owns 15,763 shares of the company’s stock, valued at $564,788.29. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 31.30% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis 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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