Vicor Corporation (NASDAQ:VICR) Short Interest Up 27.9% in December

Vicor Corporation (NASDAQ:VICR) was the target of a significant increase in short interest during the month of 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 short-interest ratio is presently 3.3 days. Approximately 5.0% of the company’s shares are sold short. Approximately 5.0% of the company’s shares are sold short. Based on an average daily volume of 471,568 shares, the short-interest ratio is presently 3.3 days.

Wall Street Analyst Weigh In

A number of research firms recently commented on VICR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. 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. Zacks Research upgraded Vicor to a “hold” rating in a report on Tuesday, December 16th. Roth Capital assumed coverage on Vicor in a research note on Tuesday, December 16th. They issued a “buy” rating and a $115.00 price objective for the company. Finally, Wall Street Zen lowered Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.33.

Vicor Stock Performance

Shares of Vicor stock traded up $4.40 during trading on Friday, hitting $149.88. 425,858 shares of the stock traded hands, compared to its average volume of 608,065. The stock has a market cap of $6.69 billion, a P/E ratio of 81.90 and a beta of 1.90. The company has a fifty day moving average price of $105.89 and a two-hundred day moving average price of $73.02. Vicor has a twelve month low of $38.92 and a twelve month high of $154.90.

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

Insider Activity

In related news, Director Andrew D’amico sold 200 shares of Vicor stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $150.00, for a total value of $30,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Patrizio Vinciarelli sold 1,883 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $114.36, for a total value of $215,339.88. Following the sale, the chief executive officer owned 9,708,163 shares in the company, valued at approximately $1,110,225,520.68. The trade was a 0.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 279,345 shares of company stock valued at $27,343,654 over the last three months. Insiders own 31.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its holdings in Vicor by 13.7% during the third quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock valued at $56,000 after buying an additional 136 shares in the last quarter. Nisa Investment Advisors LLC raised its stake 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. Amalgamated Bank raised its stake in shares of 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 acquiring an additional 224 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Vicor by 19.8% in the 4th 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 last quarter. Finally, Creative Planning boosted its position in Vicor by 5.4% during the third quarter. Creative Planning now owns 5,465 shares of the electronics maker’s stock worth $272,000 after purchasing an additional 281 shares during the period. 47.45% of the stock is currently owned by institutional investors.

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.