Vicor Co. (NASDAQ:VICR) Short Interest Down 17.3% in January

Vicor Co. (NASDAQ:VICR) was the target of a significant decline in short interest in 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. Based on an average trading volume of 259,100 shares, the short-interest ratio is currently 5.5 days. Approximately 6.2% of the company’s stock are short sold.

Insider Buying and Selling

In other Vicor news, 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 sale, the director now directly owns 230,267 shares of the company’s stock, valued at approximately $12,782,121.17. The trade was a 3.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andrew D’amico sold 2,000 shares of Vicor stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $51.91, for a total value of $103,820.00. The disclosure for this sale can be found here. Insiders have sold 14,856 shares of company stock valued at $837,413 over the last quarter. Corporate insiders own 31.00% of the company’s stock.

Hedge Funds Weigh In On Vicor

Several large investors have recently made changes to their positions in VICR. JPMorgan Chase & Co. boosted its stake in Vicor by 60.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,275,237 shares of the electronics maker’s stock worth $137,887,000 after purchasing an additional 1,236,264 shares during the period. Millennium Management LLC purchased a new position in Vicor during the second quarter valued at $5,019,000. Dimensional Fund Advisors LP increased its holdings 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 acquiring an additional 66,775 shares during the last quarter. Geode Capital Management LLC lifted 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, Harbor Capital Advisors Inc. bought a new position in shares of Vicor during the 4th quarter valued at about $1,557,000. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Vicor Price Performance

Shares of NASDAQ:VICR opened at $51.00 on Friday. The company has a market capitalization of $2.30 billion, a P/E ratio of 103.41 and a beta of 1.50. The firm’s 50 day simple moving average is $52.31 and its two-hundred day simple moving average is $45.36. Vicor has a 1-year low of $30.90 and a 1-year high of $62.00.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VICR. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research note on Wednesday, October 23rd. Craig Hallum increased their target price 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.