Vicor (NASDAQ:VICR) Reaches New 12-Month Low After Earnings Miss

Vicor Co. (NASDAQ:VICR)’s stock price hit a new 52-week low during mid-day trading on Wednesday after the company announced weaker than expected quarterly earnings. The company traded as low as $33.53 and last traded at $35.52, with a volume of 85800 shares traded. The stock had previously closed at $35.18.

The electronics maker reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). Vicor had a return on equity of 10.45% and a net margin of 13.23%. The business had revenue of $83.80 million for the quarter, compared to analysts’ expectations of $84.83 million. During the same quarter in the previous year, the firm posted $0.25 EPS. Vicor’s revenue was down 14.3% on a year-over-year basis.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of Vicor in a research note on Wednesday. StockNews.com upgraded Vicor from a “sell” rating to a “hold” rating in a research note on Saturday, April 20th. Finally, Craig Hallum dropped their price target on Vicor from $40.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday.

Insider Activity at Vicor

In related news, VP Kemble D. Morrison sold 2,659 shares of the company’s stock in a transaction that occurred 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 document filed with the SEC, which is available at this link. In related news, VP Kemble D. Morrison sold 2,659 shares of the company’s stock in a transaction that occurred 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 document filed with the SEC, which is available at this link. Also, VP Robert Gendron sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $36.83, for a total value of $73,660.00. Following the completion of the sale, the vice president now owns 5,374 shares in the company, valued at approximately $197,924.42. The disclosure for this sale can be found here. Insiders have sold a total of 4,999 shares of company stock worth $184,990 over the last quarter. Insiders own 31.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of VICR. Vanguard Group Inc. lifted its holdings in Vicor by 13.0% in the fourth quarter. Vanguard Group Inc. now owns 2,477,438 shares of the electronics maker’s stock valued at $111,336,000 after acquiring an additional 285,699 shares during the period. Eagle Asset Management Inc. acquired a new position in shares of Vicor during the 3rd quarter worth approximately $12,335,000. Principal Financial Group Inc. raised its stake in shares of Vicor by 105.9% during the 3rd quarter. Principal Financial Group Inc. now owns 175,180 shares of the electronics maker’s stock worth $10,316,000 after buying an additional 90,099 shares during the period. AWM Investment Company Inc. raised its stake in shares of Vicor by 54.8% during the 3rd quarter. AWM Investment Company Inc. now owns 204,960 shares of the electronics maker’s stock worth $12,070,000 after buying an additional 72,526 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Vicor by 84.0% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 149,747 shares of the electronics maker’s stock worth $8,819,000 after buying an additional 68,361 shares during the period. 47.45% of the stock is owned by institutional investors and hedge funds.

Vicor Stock Performance

The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 26.92 and a beta of 1.53. The company has a 50 day moving average price of $37.89 and a two-hundred day moving average price of $40.30.

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.