Vicor Corporation (VICR) Forms Bullish Double Top Chart Pattern; Strong Momentum for Buyers Coming

September 16, 2018 - By Victoria Pittman

Vicor Corporation (NASDAQ:VICR) Logo

Investors sentiment increased to 2.12 in 2018 Q2. Its up 0.76, from 1.36 in 2018Q1. It increased, 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.
Gamco Et Al stated it has 0.01% in Vicor Corporation (NASDAQ:VICR). 20,808 were reported by Van Eck Associates. Shikiar Asset Management reported 140,400 shares stake. Louisiana State Employees Retirement Sys has invested 0.01% in Vicor Corporation (NASDAQ:VICR). Great West Life Assurance Can holds 19,942 shares. Northern Tru Corp invested in 0% or 232,752 shares. Ny State Teachers Retirement System owns 51,360 shares for 0.01% of their portfolio. Manatuck Hill Prtnrs Ltd Liability Company holds 151,994 shares or 2.65% of its portfolio. Public Employees Retirement Sys Of Ohio reported 0.02% stake. Engineers Gate Manager Ltd Partnership has 0.03% invested in Vicor Corporation (NASDAQ:VICR). Teachers Retirement Sys Of The State Of Kentucky, a Kentucky-based fund reported 2,900 shares. Thompson Davis reported 5,125 shares stake. Prudential owns 0% invested in Vicor Corporation (NASDAQ:VICR) for 28,012 shares. Texas Permanent School Fund has invested 0.01% in Vicor Corporation (NASDAQ:VICR). State Of Alaska Department Of Revenue accumulated 5,356 shares.

Since April 26, 2018, it had 0 buys, and 21 selling transactions for $7.64 million activity. Grava Nancy L also sold $450,000 worth of Vicor Corporation (NASDAQ:VICR) on Thursday, July 26. 7,137 shares were sold by KELLEHER BARRY, worth $430,598 on Thursday, July 26. Another trade for 5,000 shares valued at $180,000 was sold by Tuozzolo Claudio. 292 Vicor Corporation (NASDAQ:VICR) shares with value of $10,377 were sold by GENDRON ROBERT. 28,985 shares were sold by SIMMS JAMES A, worth $1.06M on Thursday, April 26. On Friday, April 27 the insider Nagel Richard J Jr sold $53,804.

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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