Analysts expect Vicor Co. (NASDAQ:VICR) to post $0.25 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Vicor’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.22. Vicor posted earnings per share of ($0.04) during the same quarter last year, which indicates a positive year-over-year growth rate of 725%. The business is scheduled to announce its next earnings results on Thursday, April 22nd.
On average, analysts expect that Vicor will report full-year earnings of $1.25 per share for the current financial year, with EPS estimates ranging from $1.20 to $1.30. For the next financial year, analysts forecast that the company will post earnings of $1.85 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Vicor.
Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Thursday, February 25th. The electronics maker reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.08. The company had revenue of $84.30 million during the quarter, compared to analysts’ expectations of $82.71 million. Vicor had a return on equity of 2.98% and a net margin of 2.92%.
A number of research analysts recently issued reports on the company. Northland Securities lifted their price target on Vicor from $55.00 to $85.00 and gave the company a “market perform” rating in a report on Friday, February 26th. Needham & Company LLC lifted their price objective on Vicor from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, March 4th. Zacks Investment Research upgraded Vicor from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Tuesday, March 2nd. Finally, BWS Financial lifted their price objective on Vicor from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, March 4th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $102.00.
Shares of NASDAQ VICR traded up $1.03 during midday trading on Friday, reaching $83.81. 288 shares of the company traded hands, compared to its average volume of 139,815. The firm has a market cap of $3.64 billion, a PE ratio of 459.89 and a beta of 0.84. The stock’s 50-day simple moving average is $91.98 and its 200-day simple moving average is $88.50. Vicor has a 12 month low of $40.13 and a 12 month high of $104.68.
In other news, insider Michael Mcnamara sold 2,158 shares of the company’s stock in a transaction that occurred on Thursday, March 11th. The stock was sold at an average price of $99.23, for a total transaction of $214,138.34. Also, Director Andrew D’amico sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $88.91, for a total value of $88,910.00. Following the sale, the director now owns 1,000 shares in the company, valued at approximately $88,910. The disclosure for this sale can be found here. Insiders sold a total of 66,271 shares of company stock worth $6,692,786 in the last 90 days. Company insiders own 36.60% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC bought a new stake in shares of Vicor during the 4th quarter worth approximately $214,000. Norges Bank bought a new stake in shares of Vicor during the 4th quarter worth approximately $17,595,000. UBS Asset Management Americas Inc. raised its stake in shares of Vicor by 21.1% during the 4th quarter. UBS Asset Management Americas Inc. now owns 23,037 shares of the electronics maker’s stock worth $2,124,000 after purchasing an additional 4,015 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of Vicor during the 4th quarter worth approximately $252,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Vicor by 128.6% during the 4th quarter. JPMorgan Chase & Co. now owns 16,439 shares of the electronics maker’s stock worth $1,516,000 after acquiring an additional 9,249 shares during the last quarter. Institutional investors own 35.53% 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; and input and output voltage, and output power products, as well as electrical and mechanical accessories.
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