Short Interest in Vicor Corporation (NASDAQ:VICR) Expands By 20.0%

Vicor Corporation (NASDAQ:VICR) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 1,851,004 shares, a growth of 20.0% from the December 31st total of 1,542,290 shares. Based on an average daily trading volume, of 782,537 shares, the days-to-cover ratio is currently 2.4 days. Approximately 6.0% of the company’s shares are sold short. Approximately 6.0% of the company’s shares are sold short. Based on an average daily trading volume, of 782,537 shares, the days-to-cover ratio is currently 2.4 days.

Insider Buying and Selling at Vicor

In related news, Director Andrew D’amico sold 200 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $155.00, for a total value of $31,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Patrizio Vinciarelli sold 1,883 shares of the stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $114.36, for a total value of $215,339.88. Following the completion of the transaction, the chief executive officer directly owned 9,708,163 shares in the company, valued at approximately $1,110,225,520.68. This trade represents a 0.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 147,588 shares of company stock valued at $15,614,636 in the last three months. Company insiders own 31.30% of the company’s stock.

Hedge Funds Weigh In On Vicor

Large investors have recently made changes to their positions in the business. Pinnacle Wealth Management Advisory Group LLC acquired a new stake in shares of Vicor in the 4th quarter worth $619,000. Truist Financial Corp boosted its holdings in Vicor by 2.1% in the fourth quarter. Truist Financial Corp now owns 6,940 shares of the electronics maker’s stock worth $761,000 after acquiring an additional 140 shares in the last quarter. Strs Ohio boosted its holdings in Vicor by 128.6% in the fourth quarter. Strs Ohio now owns 9,600 shares of the electronics maker’s stock worth $1,052,000 after acquiring an additional 5,400 shares in the last quarter. Sandro Wealth Management LLC purchased a new stake in shares of Vicor during the fourth quarter worth about $1,162,000. Finally, Horizon Investments LLC acquired a new position in shares of Vicor during the fourth quarter valued at about $102,000. 47.45% of the stock is owned by institutional investors and hedge funds.

Vicor Stock Performance

VICR stock opened at $165.35 on Tuesday. The firm has a 50-day simple moving average of $121.97 and a two-hundred day simple moving average of $82.09. Vicor has a one year low of $38.92 and a one year high of $174.80. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of 90.36 and a beta of 1.90.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Roth Mkm reiterated a “buy” rating and issued a $175.00 target price on shares of Vicor in a report on Thursday, January 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research note on Wednesday, January 21st. Craig Hallum raised shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Wednesday, October 22nd. Wall Street Zen cut shares of Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Finally, Needham & Company LLC set a $90.00 price objective on shares of Vicor and gave the company a “buy” rating in a report on Wednesday, October 22nd. Three 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 a consensus rating of “Moderate Buy” and a consensus price target of $118.33.

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.