Vicor Co. (NASDAQ:VICR) Sees Large Decline in Short Interest

Vicor Co. (NASDAQ:VICR) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 1,430,000 shares, a decline of 17.3% from the December 15th total of 1,730,000 shares. Approximately 6.2% of the shares of the company are short sold. Based on an average trading volume of 259,100 shares, the short-interest ratio is presently 5.5 days.

Insider Activity at Vicor

In other Vicor news, Director Andrew D’amico sold 2,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $51.91, for a total transaction of $103,820.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Alex Gusinov sold 856 shares of Vicor stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $59.01, for a total value of $50,512.56. Following the completion of the transaction, the vice president now owns 16,018 shares of the company’s stock, valued at approximately $945,222.18. This trade represents a 5.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,856 shares of company stock worth $598,413. Company insiders own 31.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC grew its position in Vicor by 98.8% in the second quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock worth $38,000 after acquiring an additional 570 shares in the last quarter. GAMMA Investing LLC lifted its stake in Vicor by 202.4% during the third quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock worth $42,000 after purchasing an additional 670 shares during the last quarter. Eastern Bank purchased a new position in shares of Vicor in the 3rd quarter worth about $42,000. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Vicor by 146.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock valued at $49,000 after purchasing an additional 690 shares during the last quarter. Finally, Point72 DIFC Ltd raised its holdings in shares of Vicor by 66.7% during the 2nd quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker’s stock valued at $73,000 after buying an additional 877 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on VICR. Craig Hallum lifted their target price on Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a research note on Wednesday, October 23rd.

Vicor Trading Up 6.5 %

Shares of Vicor stock traded up $3.16 during trading on Friday, hitting $51.54. The stock had a trading volume of 327,204 shares, compared to its average volume of 188,451. Vicor has a 12 month low of $30.90 and a 12 month high of $61.05. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 107.38 and a beta of 1.50. The business’s 50-day moving average is $52.53 and its 200 day moving average is $44.18.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 EPS for the quarter, topping the consensus estimate of $0.13 by $0.13. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The business had revenue of $93.17 million during the quarter, compared to analysts’ expectations of $85.23 million. During the same period in the previous year, the business earned $0.37 earnings per share. The firm’s revenue was down 13.6% on a year-over-year basis.

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.