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

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

Vicor Stock Up 2.5 %

Shares of VICR traded up $1.25 during trading hours on Thursday, reaching $50.70. The stock had a trading volume of 154,530 shares, compared to its average volume of 236,154. The firm has a 50-day moving average of $52.31 and a 200 day moving average of $45.36. The company has a market cap of $2.29 billion, a P/E ratio of 105.63 and a beta of 1.50. Vicor has a 52 week low of $30.90 and a 52 week high of $62.00.

Insider Transactions at Vicor

In other news, VP Alex Gusinov sold 856 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $59.01, for a total transaction of $50,512.56. Following the transaction, the vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Estia J. Eichten sold 8,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $55.51, for a total value of $444,080.00. Following the completion of the sale, the director now directly owns 230,267 shares in the company, valued at $12,782,121.17. This represents a 3.36 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,856 shares of company stock valued at $837,413. 31.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Vicor

A number of hedge funds and other institutional investors have recently bought and sold shares of VICR. Dimensional Fund Advisors LP grew its stake in Vicor by 14.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 543,153 shares of the electronics maker’s stock valued at $18,012,000 after buying an additional 66,775 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Vicor by 60.7% during the second quarter. Marshall Wace LLP now owns 26,150 shares of the electronics maker’s stock worth $867,000 after purchasing an additional 9,878 shares during the period. AQR Capital Management LLC lifted its holdings in Vicor by 11.0% during the 2nd quarter. AQR Capital Management LLC now owns 74,455 shares of the electronics maker’s stock worth $2,469,000 after purchasing an additional 7,368 shares during the last quarter. Millennium Management LLC bought a new stake in Vicor in the 2nd quarter valued at $5,019,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Vicor by 4.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,021 shares of the electronics maker’s stock valued at $399,000 after buying an additional 552 shares in the last quarter. Institutional investors own 47.45% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Needham & Company LLC restated a “hold” rating on shares of Vicor in a report on Wednesday, October 23rd. Craig Hallum upped their price target on Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd.

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.