Vicor (NASDAQ:VICR) Sets New 52-Week Low After Earnings Miss

Vicor Co. (NASDAQ:VICR)’s share price hit a new 52-week low during mid-day trading on Wednesday after the company announced weaker than expected quarterly earnings. The stock 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 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The firm had revenue of $83.80 million during the quarter, compared to the consensus estimate of $84.83 million. Vicor had a net margin of 11.49% and a return on equity of 8.59%. The business’s revenue for the quarter was down 14.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 earnings per share.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Craig Hallum lowered their target price on Vicor from $40.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a research report on Wednesday. Finally, StockNews.com raised Vicor from a “sell” rating to a “hold” rating in a research report on Saturday, April 20th.

Insiders Place Their Bets

In other Vicor news, VP Kemble D. Morrison sold 2,659 shares of the business’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 transaction of $98,383.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Vicor news, VP Kemble D. Morrison sold 2,659 shares of the business’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 transaction of $98,383.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Robert Gendron sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $36.83, for a total value of $73,660.00. Following the transaction, the vice president now directly 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 valued at $184,990 over the last 90 days. 31.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vicor

Several institutional investors and hedge funds have recently made changes to their positions in VICR. Commonwealth Equity Services LLC acquired a new position in shares of Vicor in the third quarter valued at approximately $232,000. Raymond James & Associates bought a new stake in shares of Vicor in the third quarter valued at approximately $471,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Vicor in the third quarter valued at approximately $259,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Vicor by 35.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,422 shares of the electronics maker’s stock valued at $260,000 after buying an additional 1,167 shares during the period. Finally, Yorktown Management & Research Co Inc bought a new stake in shares of Vicor in the third quarter valued at approximately $259,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Stock Up 4.5 %

The firm has a market capitalization of $1.49 billion, a P/E ratio of 33.48 and a beta of 1.53. The firm has a 50 day moving average of $37.65 and a 200-day moving average of $40.25.

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.