Vicor Corporation (VICR) Formed Bullish Double Top Pattern; Buyers Could Thrive

September 16, 2018 - By Theresa Judd

Vicor Corporation (NASDAQ:VICR) Logo

Investors sentiment increased to 2.12 in 2018 Q2. Its up 0.76, from 1.36 in 2018Q1. It is positive, as 4 investors sold Vicor Corporation shares while 30 reduced holdings. 28 funds opened positions while 44 raised stakes. 10.26 million shares or 8.87% more from 9.42 million shares in 2018Q1 were reported.
11,147 are owned by Sg Americas Limited Liability Com. Morgan Stanley accumulated 0% or 90,338 shares. Art Advsr Ltd Com has 67,900 shares for 0.12% of their portfolio. Overbrook Mngmt has 0.69% invested in Vicor Corporation (NASDAQ:VICR). Employees Retirement Of Ohio holds 0.02% or 87,800 shares. 23,845 were accumulated by Arizona State Retirement Systems. Pnc Ser Group invested in 305 shares or 0% of the stock. Rhumbline Advisers stated it has 0% of its portfolio in Vicor Corporation (NASDAQ:VICR). Intll Gru owns 0% invested in Vicor Corporation (NASDAQ:VICR) for 13,173 shares. Blackrock holds 2.30M shares. Teachers Retirement Of The State Of Kentucky reported 0% of its portfolio in Vicor Corporation (NASDAQ:VICR). Ironwood Investment Management Limited Liability reported 41,823 shares. Columbia Pacific Advisors Ltd Liability Company has invested 1.59% in Vicor Corporation (NASDAQ:VICR). Voya Invest Mgmt Ltd Liability Corp reported 6,597 shares stake. Raymond James Trust Na holds 0.02% of its portfolio in Vicor Corporation (NASDAQ:VICR) for 8,258 shares.

Since April 26, 2018, it had 0 insider purchases, and 21 selling transactions for $7.64 million activity. 20,080 shares were sold by JEFFERY JOSEPH A, worth $1.17M on Thursday, July 26. GENDRON ROBERT sold $508,594 worth of stock or 10,591 shares. On Wednesday, May 16 KELLEHER BARRY sold $195,708 worth of Vicor Corporation (NASDAQ:VICR) or 5,000 shares. The insider GRIFFIN LIAM sold 8,412 shares worth $335,975. $450,000 worth of Vicor Corporation (NASDAQ:VICR) was sold by Grava Nancy L on Thursday, July 26. On Monday, August 13 the insider EICHTEN ESTIA J sold $494,248.

The chart of Vicor Corporation (VICR) shows a double top with $58.43 target or 8.00 % above today’s $54.10 share price. The 9 months chart pattern indicates low risk for the $2.16B company. It was reported on Sep, 16 by If the $58.43 price target is reached, the company will be worth $172.80M more. Double tops are rare but powerful chart patterns.

The stock increased 2.56% or $1.35 during the last trading session, reaching $54.1. About 352,796 shares traded or 31.05% up from the average. Vicor Corporation (NASDAQ:VICR) has risen 189.13% since September 16, 2017 and is uptrending. It has outperformed by 173.51% the S&P500.

Vicor Corporation designs, develops, makes, and markets modular components and power systems for converting, regulating, and controlling electric current worldwide. The company has market cap of $2.16 billion. It operates through Brick Business Unit, VI Chip, and Picor divisions. It has a 163.44 P/E ratio. The firm offers modular direct current -DC converters and complementary components, open-frame intermediate bus converters, configurable products, and custom power systems, as well as cool-power high density zero voltage soft switching DC-DC converters.

Vicor Corporation (NASDAQ:VICR) Institutional Positions Chart

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