Vicor Corporation (NASDAQ:VICR) Sees Significant Growth in Short Interest

Vicor Corporation (NASDAQ:VICR) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 1,542,290 shares, a growth of 27.9% from the December 15th total of 1,205,653 shares. Based on an average daily trading volume, of 471,568 shares, the short-interest ratio is presently 3.3 days. Approximately 5.0% of the shares of the company are sold short. Approximately 5.0% of the shares of the company are sold short. Based on an average daily trading volume, of 471,568 shares, the short-interest ratio is presently 3.3 days.

Wall Street Analyst Weigh In

VICR has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research report on Wednesday, October 8th. Needham & Company LLC set a $90.00 target price on shares of Vicor and gave the company a “buy” rating in a report on Wednesday, October 22nd. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Wednesday, October 22nd. Zacks Research raised shares of Vicor to a “hold” rating in a report on Tuesday, December 16th. Finally, Wall Street Zen lowered Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $98.33.

Insider Transactions at Vicor

In related news, Director Andrew D’amico sold 200 shares of the firm’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $150.00, for a total transaction of $30,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO James F. Schmidt sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $110.00, for a total value of $550,000.00. Following the sale, the chief financial officer directly owned 875 shares of the company’s stock, valued at approximately $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. Over the last quarter, insiders sold 279,345 shares of company stock worth $27,343,654. Company insiders own 31.30% of the company’s stock.

Institutional Trading of Vicor

A number of institutional investors have recently bought and sold shares of VICR. Beaumont Financial Advisors LLC purchased a new position in shares of Vicor in the fourth quarter valued at $415,000. Range Financial Group LLC acquired a new stake in Vicor in the 4th quarter valued at about $1,537,000. Exchange Traded Concepts LLC purchased a new position in Vicor during the 4th quarter valued at about $102,000. Tradewinds Capital Management LLC purchased a new position in Vicor during the 4th quarter valued at about $156,000. Finally, First Bank & Trust acquired a new position in Vicor during the fourth quarter worth about $412,000. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Vicor Stock Up 3.0%

Shares of VICR opened at $149.88 on Monday. Vicor has a 52-week low of $38.92 and a 52-week high of $154.90. The company has a 50-day simple moving average of $105.89 and a 200-day simple moving average of $73.21. The company has a market capitalization of $6.69 billion, a PE ratio of 81.90 and a beta of 1.90.

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. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The firm had revenue of $110.42 million for the quarter, compared to the consensus estimate of $95.40 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The firm’s revenue was up 18.5% on a year-over-year basis.

About Vicor

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.