Vicor (VICR) Set to Announce Quarterly Earnings on Tuesday

Vicor (NASDAQ:VICR) will be announcing its earnings results after the market closes on Tuesday, April 23rd. Persons interested in registering for the company’s earnings conference call can do so using this link.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Thursday, February 22nd. The electronics maker reported $0.19 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.17). Vicor had a return on equity of 10.45% and a net margin of 13.23%. The company had revenue of $92.70 million during the quarter, compared to the consensus estimate of $107.07 million. During the same quarter last year, the company posted $0.18 earnings per share. The firm’s revenue for the quarter was down 12.1% compared to the same quarter last year.

Vicor Stock Performance

Shares of NASDAQ:VICR opened at $35.31 on Tuesday. The firm has a market capitalization of $1.57 billion, a P/E ratio of 29.67 and a beta of 1.53. The stock has a 50 day moving average price of $38.92 and a 200-day moving average price of $41.32. Vicor has a 52-week low of $35.00 and a 52-week high of $98.38.

Analyst Ratings Changes

VICR has been the subject of a number of analyst reports. StockNews.com downgraded shares of Vicor from a “hold” rating to a “sell” rating in a research note on Friday. Craig Hallum cut shares of Vicor from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a research note on Friday, February 23rd.

Insider Activity at Vicor

In other news, VP Robert Gendron sold 2,000 shares of Vicor stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $36.83, for a total transaction of $73,660.00. Following the sale, the vice president now owns 5,374 shares in the company, valued at $197,924.42. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, VP Kemble D. Morrison sold 2,659 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $37.00, for a total value of $98,383.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Robert Gendron sold 2,000 shares of Vicor stock in a transaction on Friday, March 8th. The stock was sold at an average price of $36.83, for a total transaction of $73,660.00. Following the transaction, the vice president now directly owns 5,374 shares of the company’s stock, valued at $197,924.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,999 shares of company stock worth $184,990. 31.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Vicor

Institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in Vicor by 8.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,694 shares of the electronics maker’s stock worth $751,000 after purchasing an additional 1,344 shares during the period. Legal & General Group Plc grew its stake in shares of Vicor by 81.0% during the fourth quarter. Legal & General Group Plc now owns 64,238 shares of the electronics maker’s stock valued at $2,887,000 after buying an additional 28,757 shares during the last quarter. Barclays PLC raised its holdings in shares of Vicor by 313.8% in the fourth quarter. Barclays PLC now owns 61,904 shares of the electronics maker’s stock worth $2,781,000 after buying an additional 46,945 shares during the period. Vanguard Group Inc. lifted its stake in shares of Vicor by 13.0% during the 4th quarter. Vanguard Group Inc. now owns 2,477,438 shares of the electronics maker’s stock worth $111,336,000 after acquiring an additional 285,699 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its holdings in Vicor by 18.3% during the 4th quarter. Voloridge Investment Management LLC now owns 326,474 shares of the electronics maker’s stock valued at $14,672,000 after acquiring an additional 50,593 shares during the period. Institutional investors own 47.45% of the company’s stock.

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.