Vicor Co. (NASDAQ:VICR) Short Interest Update

Vicor Co. (NASDAQ:VICR) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 1,430,000 shares, a drop of 17.3% from the December 31st total of 1,730,000 shares. Based on an average daily volume of 259,100 shares, the days-to-cover ratio is currently 5.5 days. Approximately 6.2% of the company’s shares are sold short.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VICR. Needham & Company LLC reissued a “hold” rating on shares of Vicor in a research report on Wednesday, October 23rd. Craig Hallum lifted their price objective on shares of Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd.

Vicor Trading Up 2.5 %

Shares of NASDAQ:VICR traded up $1.25 on Thursday, hitting $50.70. The company had a trading volume of 154,530 shares, compared to its average volume of 236,154. The company has a market cap of $2.29 billion, a PE ratio of 105.63 and a beta of 1.50. The business has a 50 day moving average of $52.31 and a 200 day moving average of $45.36. Vicor has a 52-week low of $30.90 and a 52-week high of $62.00.

Insider Buying and Selling

In other news, Director Estia J. Eichten sold 8,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $55.51, for a total transaction of $444,080.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Alex Gusinov sold 856 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $59.01, for a total transaction of $50,512.56. Following the transaction, the vice president now owns 16,018 shares of the company’s stock, valued at $945,222.18. This trade represents a 5.07 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,856 shares of company stock valued at $837,413. 31.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vicor

A number of institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in Vicor by 14.0% during the second 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 period. Marshall Wace LLP boosted its stake in shares of Vicor by 60.7% during the 2nd quarter. Marshall Wace LLP now owns 26,150 shares of the electronics maker’s stock valued at $867,000 after buying an additional 9,878 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Vicor by 11.0% in the 2nd quarter. AQR Capital Management LLC now owns 74,455 shares of the electronics maker’s stock worth $2,469,000 after purchasing an additional 7,368 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Vicor during the 2nd quarter valued at approximately $5,019,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in Vicor by 4.8% in the second quarter. The Manufacturers Life Insurance Company now owns 12,021 shares of the electronics maker’s stock worth $399,000 after purchasing an additional 552 shares during the period. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

About Vicor

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.