Vicor (NASDAQ:VICR – Get Free Report) announced its quarterly earnings data on Tuesday. The electronics maker reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04), Briefing.com reports. The company had revenue of $83.80 million during the quarter, compared to analyst estimates of $84.83 million. Vicor had a net margin of 11.49% and a return on equity of 8.48%. Vicor’s revenue was down 14.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.25 earnings per share.
Vicor Trading Up 1.3 %
VICR traded up $0.45 on Friday, reaching $33.93. The stock had a trading volume of 52,938 shares, compared to its average volume of 268,265. Vicor has a fifty-two week low of $30.90 and a fifty-two week high of $98.38. The firm has a 50-day moving average of $37.65 and a 200-day moving average of $40.25. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 33.48 and a beta of 1.53.
Insiders Place Their Bets
In other Vicor news, VP Robert Gendron sold 2,000 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $36.83, for a total value of $73,660.00. Following the completion of the transaction, the vice president now owns 5,374 shares of the company’s stock, valued at approximately $197,924.42. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Vicor news, VP Robert Gendron sold 2,000 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $36.83, for a total value of $73,660.00. Following the sale, the vice president now owns 5,374 shares in the company, valued at approximately $197,924.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Kemble D. Morrison sold 2,659 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $37.00, for a total value of $98,383.00. The disclosure for this sale can be found here. Insiders sold a total of 4,999 shares of company stock valued at $184,990 in the last 90 days. Corporate insiders own 31.30% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Report on Vicor
About Vicor
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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