Vicor Corporation (NASDAQ:VICR) Short Interest Update

Vicor Corporation (NASDAQ:VICR) was the target of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 1,573,243 shares, a drop of 15.0% from the January 15th total of 1,851,004 shares. Based on an average daily volume of 499,099 shares, the days-to-cover ratio is presently 3.2 days. Approximately 5.1% of the shares of the stock are short sold. Approximately 5.1% of the shares of the stock are short sold. Based on an average daily volume of 499,099 shares, the days-to-cover ratio is presently 3.2 days.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Zacks Research raised shares of Vicor to a “hold” rating in a report on Tuesday, December 16th. Needham & Company LLC set a $90.00 price objective on shares of Vicor and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Roth Mkm restated a “buy” rating and set a $175.00 target price on shares of Vicor in a report on Thursday, January 22nd. Craig Hallum upgraded Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.33.

Insider Transactions at Vicor

In other news, CEO Patrizio Vinciarelli sold 1,883 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $114.36, for a total value of $215,339.88. Following the transaction, the chief executive officer owned 9,708,163 shares in the company, valued at $1,110,225,520.68. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO James F. Schmidt sold 5,000 shares of Vicor stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $110.00, for a total value of $550,000.00. Following the completion of the sale, the chief financial officer directly owned 875 shares in the company, valued at $96,250. This represents a 85.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 128,306 shares of company stock valued at $13,743,160 over the last 90 days. Corporate insiders own 31.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Vicor by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 2,534,534 shares of the electronics maker’s stock valued at $277,785,000 after acquiring an additional 60,963 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Vicor by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock valued at $28,759,000 after purchasing an additional 25,393 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Vicor by 3,918.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 432,189 shares of the electronics maker’s stock worth $47,368,000 after purchasing an additional 421,435 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Vicor by 1,921.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 267,882 shares of the electronics maker’s stock worth $13,319,000 after buying an additional 254,630 shares during the period. Finally, Millennium Management LLC lifted its stake in Vicor by 4,634.5% during the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock worth $12,379,000 after acquiring an additional 259,022 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Price Performance

Shares of NASDAQ VICR opened at $155.96 on Monday. The company has a market capitalization of $6.96 billion, a P/E ratio of 85.22 and a beta of 1.90. The company has a 50 day simple moving average of $134.02 and a 200-day simple moving average of $89.14. Vicor has a 1 year low of $38.92 and a 1 year high of $177.00.

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.