Vicor Corporation (NASDAQ:VICR) Sees Large Increase in Short Interest

Vicor Corporation (NASDAQ:VICR) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 1,542,290 shares, an increase of 27.9% from the December 15th total of 1,205,653 shares. Based on an average daily volume of 471,568 shares, the days-to-cover ratio is currently 3.3 days. Currently, 5.0% of the company’s stock are short sold. Currently, 5.0% of the company’s stock are short sold. Based on an average daily volume of 471,568 shares, the days-to-cover ratio is currently 3.3 days.

Insider Buying and Selling

In other Vicor news, VP Claudio Tuozzolo sold 14,637 shares of Vicor stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $91.86, for a total value of $1,344,554.82. Following the transaction, the vice president directly owned 33,622 shares in the company, valued at approximately $3,088,516.92. The trade was a 30.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Quentin A. Fendelet sold 16,561 shares of the firm’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $88.31, for a total value of $1,462,501.91. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 278,345 shares of company stock valued at $27,275,654 over the last ninety days. Company insiders own 31.30% of the company’s stock.

Institutional Trading of Vicor

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its position in shares of Vicor by 13.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock valued at $56,000 after acquiring an additional 136 shares during the period. Nisa Investment Advisors LLC grew its stake in Vicor by 53.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 603 shares of the electronics maker’s stock valued at $30,000 after buying an additional 210 shares during the last quarter. Amalgamated Bank grew its holdings in Vicor by 3.4% in the 3rd quarter. Amalgamated Bank now owns 6,782 shares of the electronics maker’s stock valued at $337,000 after buying an additional 224 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Vicor by 19.8% during the fourth quarter. GAMMA Investing LLC now owns 1,565 shares of the electronics maker’s stock worth $172,000 after purchasing an additional 259 shares during the period. Finally, Creative Planning raised its stake in Vicor by 5.4% in the third quarter. Creative Planning now owns 5,465 shares of the electronics maker’s stock valued at $272,000 after purchasing an additional 281 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Trading Up 3.0%

VICR opened at $149.88 on Tuesday. The stock’s 50 day simple moving average is $107.04 and its 200-day simple moving average is $73.94. The stock has a market cap of $6.69 billion, a PE ratio of 81.90 and a beta of 1.90. Vicor has a 1 year low of $38.92 and a 1 year high of $154.90.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.43. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The firm had revenue of $110.42 million during the quarter, compared to analyst estimates of $95.40 million. During the same quarter in the prior year, the business posted $0.26 earnings per share. The company’s quarterly revenue was up 18.5% compared to the same quarter last year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. Wall Street Zen downgraded Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Needham & Company LLC set a $90.00 price objective on Vicor and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Craig Hallum raised Vicor from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Wednesday, October 22nd. Finally, Roth Capital started coverage on shares of Vicor in a research note on Tuesday, December 16th. They issued a “buy” rating and a $115.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Vicor presently has a consensus rating of “Moderate Buy” and an average target price of $98.33.

Vicor Company Profile

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.