Vicor Co. (NASDAQ:VICR) Short Interest Down 17.3% in December

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Craig Hallum upped their target price on Vicor from $35.00 to $43.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Vicor in a research report on Wednesday, October 23rd.

Vicor Price Performance

NASDAQ VICR opened at $48.38 on Friday. Vicor has a fifty-two week low of $30.90 and a fifty-two week high of $61.05. The stock’s 50-day moving average is $52.68 and its two-hundred day moving average is $44.04. The firm has a market cap of $2.18 billion, a P/E ratio of 100.79 and a beta of 1.50.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The business had revenue of $93.17 million for the quarter, compared to the consensus estimate of $85.23 million. During the same period last year, the business earned $0.37 EPS. The firm’s revenue was down 13.6% compared to the same quarter last year.

Insider Transactions at Vicor

In other Vicor news, Director Estia J. Eichten sold 8,000 shares of Vicor stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $55.51, for a total transaction of $444,080.00. Following the completion of the sale, the director now owns 230,267 shares of the company’s stock, valued at $12,782,121.17. This trade represents a 3.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Alex Gusinov sold 856 shares of the company’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 16,018 shares in the company, valued at $945,222.18. This trade represents a 5.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,856 shares of company stock valued at $598,413 over the last quarter. Company insiders own 31.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VICR. Bouvel Investment Partners LLC lifted its position in Vicor by 1.0% during the 4th quarter. Bouvel Investment Partners LLC now owns 24,790 shares of the electronics maker’s stock worth $1,198,000 after acquiring an additional 243 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Vicor by 4.8% during the 2nd 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 last quarter. Headlands Technologies LLC boosted its stake in Vicor by 98.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock valued at $38,000 after purchasing an additional 570 shares during the period. GAMMA Investing LLC increased its position in Vicor by 202.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock worth $42,000 after buying an additional 670 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Vicor by 146.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,162 shares of the electronics maker’s stock worth $49,000 after buying an additional 690 shares during the last quarter. 47.45% of the stock is currently owned by institutional investors and hedge funds.

Vicor Company Profile

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.