Short Interest in Vicor Corporation (NASDAQ:VICR) Expands By 20.0%

Vicor Corporation (NASDAQ:VICR) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 1,851,004 shares, an increase of 20.0% from the December 31st total of 1,542,290 shares. Currently, 6.0% of the company’s stock are sold short. Based on an average daily trading volume, of 782,537 shares, the short-interest ratio is currently 2.4 days. Based on an average daily trading volume, of 782,537 shares, the short-interest ratio is currently 2.4 days. Currently, 6.0% of the company’s stock are sold short.

Insider Activity at Vicor

In related news, CFO James F. Schmidt sold 5,000 shares of the business’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $110.00, for a total value of $550,000.00. Following the transaction, the chief financial officer directly owned 875 shares of the company’s stock, valued at approximately $96,250. The trade was a 85.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrizio Vinciarelli sold 1,883 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $114.36, for a total transaction of $215,339.88. Following the sale, the chief executive officer owned 9,708,163 shares of the company’s stock, valued at $1,110,225,520.68. This trade represents a 0.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 142,214 shares of company stock valued at $15,109,480. 31.30% of the stock is owned by insiders.

Institutional Trading of Vicor

Several institutional investors and hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. grew its position in shares of Vicor by 32,400.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after purchasing an additional 324 shares in the last quarter. NBC Securities Inc. purchased a new position in Vicor during the fourth quarter worth about $36,000. First PREMIER Bank bought a new position in Vicor in the 4th quarter worth about $55,000. GoalVest Advisory LLC bought a new position in Vicor in the 4th quarter worth about $57,000. Finally, Nisa Investment Advisors LLC raised its holdings in shares of 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 acquiring an additional 210 shares in the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Vicor Stock Performance

Shares of VICR opened at $166.76 on Wednesday. Vicor has a 52-week low of $38.92 and a 52-week high of $177.00. The stock’s 50-day simple moving average is $123.54 and its 200 day simple moving average is $82.93. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 91.13 and a beta of 1.90.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on VICR shares. Zacks Research upgraded shares of Vicor to a “hold” rating in a research note on Tuesday, December 16th. Needham & Company LLC set a $90.00 target price on Vicor and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Craig Hallum upgraded Vicor from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Finally, Wall Street Zen lowered Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $118.33.

About Vicor

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.