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

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 days-to-cover ratio is currently 3.3 days. Currently, 5.0% of the shares of the company are sold short. Currently, 5.0% of the shares of the company are sold short. Based on an average daily trading volume, of 471,568 shares, the days-to-cover ratio is currently 3.3 days.

Analysts Set New Price Targets

Several research firms have recently weighed in on VICR. Roth Capital initiated coverage on Vicor in a research report on Tuesday, December 16th. They issued a “buy” rating and a $115.00 price objective for the company. Zacks Research upgraded shares of Vicor to a “hold” rating in a research note on Tuesday, December 16th. Wall Street Zen downgraded shares of Vicor from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 23rd. Craig Hallum upgraded shares of Vicor from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Vicor in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.33.

Vicor Stock Up 3.0%

Vicor stock traded up $4.40 on Friday, hitting $149.88. The company’s stock had a trading volume of 425,858 shares, compared to its average volume of 608,065. Vicor has a one year low of $38.92 and a one year high of $154.90. The firm 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 200-day moving average price of $73.02.

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 company had revenue of $110.42 million during the quarter, compared to the consensus estimate of $95.40 million. During the same period last year, the firm earned $0.26 EPS. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year.

Insider Buying and Selling

In other news, CFO James F. Schmidt sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was 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 trade represents a 85.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction, the chief executive officer directly owned 9,708,163 shares of the company’s stock, valued at $1,110,225,520.68. This represents a 0.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 279,345 shares of company stock valued at $27,343,654. Company insiders own 31.30% of the company’s stock.

Institutional Investors Weigh In On Vicor

Several large investors have recently modified their holdings of the stock. GoalVest Advisory LLC bought a new position in shares of Vicor in the fourth quarter valued at about $57,000. Nisa Investment Advisors LLC increased its position in 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. Exchange Traded Concepts LLC acquired a new stake in Vicor in the 4th quarter valued at about $102,000. PNC Financial Services Group Inc. raised its stake in shares of Vicor by 13.7% in the third quarter. PNC Financial Services Group Inc. now owns 1,129 shares of the electronics maker’s stock worth $56,000 after acquiring an additional 136 shares during the last quarter. Finally, Strs Ohio acquired a new position in shares of Vicor during the first quarter worth approximately $56,000. 47.45% of the stock is currently owned by institutional investors.

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.