Vicor Corporation (NASDAQ:VICR) Short Interest Update

Vicor Corporation (NASDAQ:VICR) saw a significant drop in short interest during 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. Currently, 5.1% of the company’s shares are sold short. Based on an average trading volume of 499,099 shares, the days-to-cover ratio is presently 3.2 days. Based on an average trading volume of 499,099 shares, the days-to-cover ratio is presently 3.2 days. Currently, 5.1% of the company’s shares are sold short.

Analysts Set New Price Targets

VICR has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Wall Street Zen downgraded Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Craig Hallum upgraded shares of 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. Roth Mkm reiterated a “buy” rating and issued a $175.00 price target on shares of Vicor in a research note on Thursday, January 22nd. Finally, Needham & Company LLC set a $90.00 price target on shares of Vicor and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Vicor presently has an average rating of “Moderate Buy” and a consensus price target of $118.33.

Insider Buying and Selling at Vicor

In other Vicor news, CEO Patrizio Vinciarelli sold 1,883 shares of the stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $114.36, for a total transaction of $215,339.88. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andrew D’amico sold 200 shares of Vicor stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $155.00, for a total transaction of $31,000.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 128,306 shares of company stock worth $13,743,160 over the last quarter. 31.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake 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 grew its holdings in shares of Vicor by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 578,515 shares of the electronics maker’s stock worth $28,759,000 after buying an additional 25,393 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Vicor by 1,542.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 439,820 shares of the electronics maker’s stock valued at $48,205,000 after buying an additional 413,038 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of 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 valued at $47,368,000 after buying an additional 421,435 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Vicor by 39.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 374,088 shares of the electronics maker’s stock valued at $41,000,000 after buying an additional 106,206 shares during the period. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Vicor Stock Up 0.8%

Vicor stock traded up $1.32 during mid-day trading on Tuesday, hitting $157.28. The company had a trading volume of 453,268 shares, compared to its average volume of 542,554. Vicor has a 1 year low of $38.92 and a 1 year high of $177.00. The business has a fifty day moving average of $136.33 and a 200 day moving average of $90.72. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of 85.22 and a beta of 1.90.

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.