Short Interest in Vicor Corp (NASDAQ:VICR) Declines By 7.6%

Vicor Corp (NASDAQ:VICR) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totalling 1,314,000 shares, a drop of 7.6% from the May 15th total of 1,422,100 shares. Approximately 7.3% of the shares of the stock are short sold. Based on an average daily volume of 164,800 shares, the short-interest ratio is currently 8.0 days.

In other news, Director Samuel J. Anderson sold 5,000 shares of Vicor stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $36.06, for a total value of $180,300.00. Following the completion of the sale, the director now directly owns 10,223 shares of the company’s stock, valued at approximately $368,641.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director H Allen Henderson sold 1,886 shares of Vicor stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $37.07, for a total value of $69,914.02. Following the completion of the sale, the director now directly owns 2,105 shares of the company’s stock, valued at $78,032.35. The disclosure for this sale can be found here. Insiders have sold a total of 11,886 shares of company stock valued at $433,014 over the last ninety days. Insiders own 56.06% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Ashford Capital Management Inc. lifted its holdings in Vicor by 25.3% during the fourth quarter. Ashford Capital Management Inc. now owns 743,800 shares of the electronics maker’s stock worth $28,108,000 after acquiring an additional 149,970 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Vicor by 10.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 495,575 shares of the electronics maker’s stock valued at $18,728,000 after purchasing an additional 48,853 shares in the last quarter. Oberweis Asset Management Inc. lifted its holdings in shares of Vicor by 20.0% in the fourth quarter. Oberweis Asset Management Inc. now owns 213,860 shares of the electronics maker’s stock valued at $8,082,000 after purchasing an additional 35,660 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Vicor by 7.6% in the fourth quarter. Bank of New York Mellon Corp now owns 195,162 shares of the electronics maker’s stock valued at $7,376,000 after purchasing an additional 13,802 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Vicor by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 189,887 shares of the electronics maker’s stock valued at $7,175,000 after purchasing an additional 1,322 shares in the last quarter. Hedge funds and other institutional investors own 28.80% of the company’s stock.

VICR has been the subject of several research reports. Zacks Investment Research raised Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Friday. CJS Securities began coverage on Vicor in a research note on Monday, June 10th. They issued a “buy” rating and a $40.00 target price for the company. Northland Securities restated a “buy” rating and issued a $130.00 price target on shares of iRobot in a research report on Wednesday, April 24th. ValuEngine lowered Viewray from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, BidaskClub lowered Westport Fuel Systems from a “buy” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $38.33.

VICR stock traded up $0.27 during midday trading on Friday, hitting $32.98. 209,947 shares of the company’s stock were exchanged, compared to its average volume of 145,511. The stock’s fifty day moving average is $30.84. The company has a market cap of $1.32 billion, a P/E ratio of 42.28 and a beta of 0.73. Vicor has a one year low of $27.82 and a one year high of $64.50.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, April 23rd. The electronics maker reported $0.10 earnings per share for the quarter. The firm had revenue of $65.73 million for the quarter, compared to analyst estimates of $61.00 million. Vicor had a return on equity of 18.08% and a net margin of 10.99%. On average, equities analysts expect that Vicor will post 0.55 EPS for the current year.

About Vicor

Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting electrical power worldwide. It operates through Brick Business Unit, VI Chip, and Picor segments. The company offers a range of brick-format DC-DC converters and configurable products; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories.

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