Short Interest in Vicor Co. (NASDAQ:VICR) Decreases By 17.3%

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

Analysts Set New Price Targets

Several analysts have weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a research note on Wednesday, October 23rd. Craig Hallum upped their price objective on shares of Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd.

Insider Buying and Selling

In other Vicor news, Director Andrew D’amico sold 2,000 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $51.91, for a total transaction of $103,820.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Estia J. Eichten sold 8,000 shares of the firm’s 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 completion of the sale, the director now owns 230,267 shares in the company, valued at $12,782,121.17. The trade was a 3.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,856 shares of company stock worth $598,413 over the last quarter. 31.00% of the stock is owned by company insiders.

Institutional Trading of Vicor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in shares of Vicor by 60.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,275,237 shares of the electronics maker’s stock valued at $137,887,000 after acquiring an additional 1,236,264 shares during the last quarter. Needham Investment Management LLC lifted its holdings in shares of Vicor by 2.4% during the third quarter. Needham Investment Management LLC now owns 906,439 shares of the electronics maker’s stock valued at $38,161,000 after purchasing an additional 21,439 shares during the last quarter. State Street Corp boosted its position in shares of Vicor by 2.1% in the 3rd quarter. State Street Corp now owns 852,932 shares of the electronics maker’s stock valued at $35,908,000 after purchasing an additional 17,668 shares during the period. Geode Capital Management LLC increased its stake in Vicor by 6.3% in the 3rd quarter. Geode Capital Management LLC now owns 572,195 shares of the electronics maker’s stock worth $24,094,000 after purchasing an additional 33,696 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Vicor by 14.0% during the second 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 in the last quarter. 47.45% of the stock is owned by institutional investors and hedge funds.

Vicor Price Performance

VICR opened at $48.38 on Friday. Vicor has a 1-year low of $30.90 and a 1-year high of $61.05. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 100.79 and a beta of 1.50. The business has a 50 day moving average price of $52.68 and a two-hundred day moving average price of $44.04.

Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.13. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The business had revenue of $93.17 million during the quarter, compared to analysts’ expectations of $85.23 million. During the same quarter last year, the business posted $0.37 earnings per share. The company’s quarterly revenue was down 13.6% on a year-over-year basis.

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.