Vicor (VICR) Scheduled to Post Quarterly Earnings on Thursday

Vicor (NASDAQ:VICRGet Rating) is set to post its quarterly earnings results after the market closes on Thursday, April 21st. Investors interested in participating in the company’s conference call can do so using this link.

Vicor (NASDAQ:VICRGet Rating) last announced its quarterly earnings results on Thursday, February 24th. The electronics maker reported $0.20 earnings per share for the quarter. The company had revenue of $90.28 million during the quarter, compared to analysts’ expectations of $101.00 million. Vicor had a return on equity of 14.17% and a net margin of 15.76%. Vicor’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the business earned $0.25 earnings per share.

Shares of VICR stock opened at $62.81 on Thursday. The stock has a 50 day moving average of $79.63 and a 200 day moving average of $113.43. The stock has a market cap of $2.75 billion, a P/E ratio of 49.85 and a beta of 0.83. Vicor has a twelve month low of $60.45 and a twelve month high of $164.76.

In related news, CAO Richard J. Nagel, Jr. sold 708 shares of the business’s stock in a transaction that occurred on Wednesday, March 2nd. The stock was sold at an average price of $77.37, for a total transaction of $54,777.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 33.10% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ulland Investment Advisors LLC acquired a new position in Vicor during the fourth quarter worth $49,000. Royal Bank of Canada boosted its stake in Vicor by 26.8% during the third quarter. Royal Bank of Canada now owns 2,382 shares of the electronics maker’s stock worth $320,000 after buying an additional 504 shares during the last quarter. California State Teachers Retirement System boosted its stake in Vicor by 2.7% during the fourth quarter. California State Teachers Retirement System now owns 30,358 shares of the electronics maker’s stock worth $3,855,000 after buying an additional 788 shares during the last quarter. Neo Ivy Capital Management acquired a new position in Vicor during the fourth quarter worth $152,000. Finally, Vident Investment Advisory LLC boosted its stake in Vicor by 40.2% during the fourth quarter. Vident Investment Advisory LLC now owns 4,320 shares of the electronics maker’s stock worth $549,000 after buying an additional 1,238 shares during the last quarter. 40.41% of the stock is currently owned by institutional investors.

Several research analysts recently weighed in on VICR shares. Needham & Company LLC reduced their price target on Vicor from $165.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, February 25th. StockNews.com started coverage on Vicor in a research report on Thursday, March 31st. They issued a “hold” rating for the company. TheStreet cut Vicor from a “b-” rating to a “c+” rating in a research report on Wednesday, March 23rd. CJS Securities cut Vicor from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 23rd. Finally, Craig Hallum cut their price objective on Vicor from $200.00 to $130.00 in a research report on Friday, February 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $120.25.

Vicor Company Profile (Get Rating)

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; and input and output voltage, and output power products, as well as electrical and mechanical accessories.

Further Reading

Earnings History for Vicor (NASDAQ:VICR)

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