Vicor Co. (NASDAQ:VICR - Get Free Report) saw a large decrease in short interest in December. As of December 31st, there was short interest totalling 1,430,000 shares, a decrease of 17.3% from the December 15th total of 1,730,000 shares. Based on an average daily volume of 259,100 shares, the short-interest ratio is currently 5.5 days. Approximately 6.2% of the company's shares are short sold.
Insider Buying and Selling at Vicor
In related news, VP Alex Gusinov sold 856 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $59.01, for a total value of $50,512.56. Following the completion of the sale, the vice president now directly owns 16,018 shares in the company, valued at approximately $945,222.18. The trade was a 5.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew D'amico sold 2,000 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $51.91, for a total transaction of $103,820.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,856 shares of company stock worth $598,413. Corporate insiders own 31.00% of the company's stock.
Institutional Trading of Vicor
A number of institutional investors and hedge funds have recently modified their holdings of the company. Eastern Bank bought a new stake in Vicor in the 3rd quarter valued at $42,000. GAMMA Investing LLC increased its holdings in shares of Vicor by 202.4% during the third quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker's stock worth $42,000 after buying an additional 670 shares in the last quarter. Headlands Technologies LLC raised its stake in shares of Vicor by 98.8% in the second quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker's stock valued at $38,000 after acquiring an additional 570 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew 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 purchasing an additional 690 shares during the last quarter. Finally, Point72 DIFC Ltd increased its position in Vicor by 66.7% in the 2nd quarter. Point72 DIFC Ltd now owns 2,191 shares of the electronics maker's stock valued at $73,000 after acquiring an additional 877 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have commented on VICR shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Vicor in a report on Wednesday, October 23rd. Craig Hallum lifted their price objective on shares of Vicor from $35.00 to $43.00 and gave the stock a "hold" rating in a research note on Wednesday, October 23rd.
Check Out Our Latest Stock Analysis on VICR
Vicor Trading Up 0.3 %
Shares of NASDAQ VICR traded up $0.14 during mid-day trading on Thursday, reaching $48.38. The company had a trading volume of 128,319 shares, compared to its average volume of 156,192. Vicor has a 1-year low of $30.90 and a 1-year high of $61.05. The company has a 50-day moving average price of $52.68 and a two-hundred day moving average price of $44.04. The stock has a market cap of $2.18 billion, a PE ratio of 100.79 and a beta of 1.50.
Vicor (NASDAQ:VICR - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The electronics maker reported $0.26 EPS for the quarter, beating the consensus estimate of $0.13 by $0.13. The business had revenue of $93.17 million during the quarter, compared to analysts' expectations of $85.23 million. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The firm's quarterly revenue was down 13.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 EPS.
Vicor Company Profile
(
Get Free Report)
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.
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