The stock of Vicor Corp (NASDAQ:VICR) hit a new 52-week high and has $16.35 target or 9.00% above today’s $15.00 share price. The 6 months bullish chart indicates low risk for the $573.12M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $16.35 price target is reached, the company will be worth $51.58M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.69% or $0.25 during the last trading session, hitting $15. About 118,108 shares traded hands or 99.87% up from the average. Vicor Corp (NASDAQ:VICR) has risen 41.28% since April 22, 2016 and is uptrending. It has outperformed by 35.87% the S&P500.
Analysts await Vicor Corp (NASDAQ:VICR) to report earnings on February, 23.
According to Zacks Investment Research, “Vicor Corporation designs, develops, manufactures and markets modular power components and complete power systems using an innovative, patented, high frequency electronic power conversion technology. Power systems, a central element in any electronic system, convert power from a primary power source (e.g., a wall outlet) into the stable DC voltages that are required by most contemporary electronic circuits.”
Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.20, from 1.2 in 2016Q1. The ratio worsened, as 6 funds sold all Vicor Corp shares owned while 24 reduced positions. 9 funds bought stakes while 27 increased positions. They now own 9.16 million shares or 0.24% more from 9.14 million shares in 2016Q1.
Susquehanna Intll Grp Inc Llp last reported 0% of its portfolio in the stock. State Bank Of Mellon Corp has invested 0% of its portfolio in Vicor Corp (NASDAQ:VICR). Tower Rech Limited Liability Co (Trc) holds 2,528 shares or 0% of its portfolio. Springbok Capital Mgmt Ltd Limited Liability Company accumulated 0% or 500 shares. Blackrock Advsr Ltd Liability holds 7,756 shares or 0% of its portfolio. Eqis Mngmt has invested 0.02% of its portfolio in Vicor Corp (NASDAQ:VICR). Sector Pension Board last reported 11,543 shares in the company. The Pennsylvania-based Tfs Ltd Company has invested 0.02% in Vicor Corp (NASDAQ:VICR). Spark Inv Ltd Liability Com has invested 0.02% of its portfolio in Vicor Corp (NASDAQ:VICR). American Gru accumulated 12,268 shares or 0% of the stock. Morgan Stanley last reported 23,377 shares in the company. Teachers Advsr last reported 0% of its portfolio in the stock. Swiss Natl Bank accumulated 35,232 shares or 0% of the stock. The New York-based Teton Advisors has invested 0.17% in Vicor Corp (NASDAQ:VICR). Geode Capital Management Ltd Liability Corporation has 112,937 shares for 0% of their US portfolio.
Insider Transactions: Since August 2, 2016, the stock had 0 insider buys, and 11 sales for $955,152 net activity. Shares for $60,900 were sold by Gusinov Alex on Monday, November 21. On Tuesday, August 2 the insider RUSSELL ROBERT F sold $41,040. KELLEHER BARRY also sold $198,198 worth of Vicor Corp (NASDAQ:VICR) shares. 4,000 Vicor Corp (NASDAQ:VICR) shares with value of $54,000 were sold by EICHTEN ESTIA J. ANDERSON SAMUEL J also sold $103,206 worth of Vicor Corp (NASDAQ:VICR) shares.
Another recent and important Vicor Corp (NASDAQ:VICR) news was published by Streetinsider.com which published an article titled: “Form 4 VICOR CORP For: Nov 22 Filed by: EICHTEN ESTIA J” on November 23, 2016.
VICR Company Profile
Vicor Corporation, incorporated on November 10, 1981, designs, develops, makes and markets modular power components and power systems for converting, regulating and controlling electric current. The Firm offers a range of subsystems, utilizing its modular components. The Company’s divisions include Brick Business Unit (BBU), VI Chip and Picor. The BBU segment designs, develops, makes and markets modular direct current-direct current (DC-DC) converters and configurable products, and also includes the entities comprising Vicor Custom Power, and the BBU activities of Vicor Japan Company, Ltd. (VJCL). The VI Chip segment includes VI Chip Corporation, which designs, develops, makes and markets advanced power component products. The VI Chip segment also includes the VI Chip business conducted through VJCL. The Picor segment includes Picor Corporation (Picor), which designs, develops, makes and markets integrated circuits and related products for use in a range of power management and power system applications. Picor develops these products for use in the Company’s BBU and VI Chip modules, to be sold as complements to its BBU and VI Chip products, or for sale to third parties for separate (i.e., stand-alone) applications, often integrated with VI Chip products to represent a customer solution.
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