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

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on VICR. Craig Hallum lifted their target price on Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Needham & Company LLC restated a “hold” rating on shares of Vicor in a research note on Wednesday, October 23rd.

Vicor Trading Up 0.6 %

Shares of Vicor stock opened at $51.00 on Friday. The stock has a 50-day moving average price of $52.31 and a 200 day moving average price of $45.36. The company has a market cap of $2.30 billion, a P/E ratio of 103.41 and a beta of 1.50. Vicor has a 1 year low of $30.90 and a 1 year high of $62.00.

Insider Buying and Selling at Vicor

In other Vicor news, Director Estia J. Eichten sold 8,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $55.51, for a total transaction of $444,080.00. Following the transaction, the director now owns 230,267 shares of the company’s stock, valued at $12,782,121.17. This trade represents a 3.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction of $50,512.56. Following the transaction, the vice president now owns 16,018 shares in the company, valued at $945,222.18. The trade was a 5.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,856 shares of company stock worth $837,413 over the last 90 days. Corporate insiders own 31.00% of the company’s stock.

Institutional Trading of Vicor

Several large investors have recently made changes to their positions in VICR. Bouvel Investment Partners LLC raised its position in shares of Vicor by 1.0% in the fourth quarter. Bouvel Investment Partners LLC now owns 24,790 shares of the electronics maker’s stock valued at $1,198,000 after purchasing an additional 243 shares during the period. Simon Quick Advisors LLC raised its holdings in Vicor by 4.1% in the 4th quarter. Simon Quick Advisors LLC now owns 8,175 shares of the electronics maker’s stock worth $395,000 after acquiring an additional 324 shares during the period. The Manufacturers Life Insurance Company lifted its position in Vicor by 4.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,021 shares of the electronics maker’s stock worth $399,000 after acquiring an additional 552 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Vicor by 202.4% during the third quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock valued at $42,000 after acquiring an additional 670 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Vicor by 146.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock worth $49,000 after purchasing an additional 690 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.