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

Vicor Co. (NASDAQ:VICR - Get Free Report) was the target 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. Currently, 6.2% of the company's shares are sold short. Based on an average daily volume of 259,100 shares, the short-interest ratio is currently 5.5 days.

Insider Transactions at Vicor

In other Vicor news, VP Alex Gusinov sold 856 shares of the business's stock in a transaction dated 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 owns 16,018 shares of the company's stock, valued at approximately $945,222.18. The trade was a 5.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew D'amico sold 4,000 shares of Vicor stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $59.75, for a total value of $239,000.00. The disclosure for this sale can be found here. Insiders have sold 14,856 shares of company stock worth $837,413 in the last three months. Insiders own 31.00% of the company's stock.

Institutional Investors Weigh In On Vicor

Hedge funds and other institutional investors have recently modified their holdings of the business. Bouvel Investment Partners LLC lifted its stake in Vicor by 1.0% in the fourth 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 period. Simon Quick Advisors LLC lifted its position in shares of Vicor by 4.1% in the 4th quarter. Simon Quick Advisors LLC now owns 8,175 shares of the electronics maker's stock worth $395,000 after purchasing an additional 324 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Vicor by 4.8% in 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 period. New York State Common Retirement Fund boosted its stake in shares of Vicor by 0.3% during the fourth quarter. New York State Common Retirement Fund now owns 213,456 shares of the electronics maker's stock valued at $10,314,000 after purchasing an additional 600 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Vicor by 202.4% during the third quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker's stock valued at $42,000 after buying an additional 670 shares during the period. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

VICR has been the topic of several analyst reports. Needham & Company LLC reissued a "hold" rating on shares of Vicor in a report on Wednesday, October 23rd. Craig Hallum boosted their price objective on shares of Vicor from $35.00 to $43.00 and gave the company a "hold" rating in a report on Wednesday, October 23rd.

Vicor Stock Down 7.7 %

VICR traded down $3.95 on Monday, hitting $47.19. The company had a trading volume of 210,482 shares, compared to its average volume of 233,380. Vicor has a 12-month low of $30.90 and a 12-month high of $62.00. The business's fifty day simple moving average is $52.15 and its 200 day simple moving average is $45.59. The company has a market cap of $2.13 billion, a PE ratio of 98.31 and a beta of 1.51.

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.