Vicor Corp (NASDAQ:VICR) was the recipient of a significant growth in short interest in the month of September. As of September 28th, there was short interest totalling 1,296,484 shares, a growth of 52.7% from the September 14th total of 849,249 shares. Approximately 7.3% of the shares of the company are short sold. Based on an average daily volume of 473,824 shares, the days-to-cover ratio is presently 2.7 days.
Separately, BidaskClub downgraded Vicor from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 13th.
In related news, Director Estia J. Eichten sold 8,000 shares of Vicor stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $61.78, for a total transaction of $494,240.00. Following the completion of the sale, the director now owns 319,079 shares of the company’s stock, valued at $19,712,700.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Liam Griffin sold 6,703 shares of Vicor stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $62.81, for a total value of $421,015.43. Following the sale, the director now directly owns 1,763 shares of the company’s stock, valued at approximately $110,734.03. The disclosure for this sale can be found here. Insiders have sold 40,396 shares of company stock valued at $2,426,604 in the last ninety days. Corporate insiders own 37.40% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Rhumbline Advisers lifted its holdings in Vicor by 3.1% in the second quarter. Rhumbline Advisers now owns 42,313 shares of the electronics maker’s stock valued at $1,843,000 after acquiring an additional 1,269 shares during the period. California Public Employees Retirement System lifted its holdings in Vicor by 5.8% in the second quarter. California Public Employees Retirement System now owns 28,787 shares of the electronics maker’s stock valued at $1,254,000 after acquiring an additional 1,587 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Vicor by 4.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 38,490 shares of the electronics maker’s stock valued at $1,677,000 after acquiring an additional 1,800 shares during the period. Legal & General Group Plc lifted its holdings in Vicor by 6.0% in the second quarter. Legal & General Group Plc now owns 32,638 shares of the electronics maker’s stock valued at $1,415,000 after acquiring an additional 1,857 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Vicor by 2.4% in the first quarter. Principal Financial Group Inc. now owns 124,728 shares of the electronics maker’s stock valued at $3,561,000 after acquiring an additional 2,959 shares during the period. 25.72% of the stock is owned by institutional investors.
Shares of NASDAQ:VICR opened at $36.96 on Friday. Vicor has a 12-month low of $16.30 and a 12-month high of $64.50. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 148.39 and a beta of 1.05.
Vicor (NASDAQ:VICR) last announced its quarterly earnings results on Tuesday, July 24th. The electronics maker reported $0.19 earnings per share (EPS) for the quarter. Vicor had a return on equity of 8.70% and a net margin of 5.25%. The company had revenue of $74.20 million during the quarter.
Vicor Company Profile
Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting, regulating, and controlling electric current worldwide. It operates through three segments: Brick Business Unit, VI Chip, and Picor. The company offers modular direct current (DC)-DC converters, open-frame intermediate bus converters, and complementary components; high density zero voltage soft switching DC-DC converters; configurable products; and custom power systems.
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