What’s in Vicor Corporation (VICR) After Forming Double Top Chart Pattern?

September 16, 2018 - By Adrian Erickson

Vicor Corporation (NASDAQ:VICR) Logo

Investors sentiment increased to 2.12 in Q2 2018. 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.
Shikiar Asset Management stated it has 140,400 shares. Texas Permanent School Fund has invested 0.01% in Vicor Corporation (NASDAQ:VICR). Federated Investors Inc Pa, a Pennsylvania-based fund reported 57,002 shares. Moreover, Savings Bank Of America Corp De has 0% invested in Vicor Corporation (NASDAQ:VICR). Geode Capital Management Lc invested in 174,061 shares. Schwab Charles Investment Mngmt Inc holds 0% of its portfolio in Vicor Corporation (NASDAQ:VICR) for 38,490 shares. Arizona State Retirement Sys, Arizona-based fund reported 23,845 shares. Prelude Mgmt Limited Liability Corporation reported 0.01% in Vicor Corporation (NASDAQ:VICR). The New York-based Renaissance Technologies Ltd Liability Com has invested 0.01% in Vicor Corporation (NASDAQ:VICR). Price T Rowe Md, a Maryland-based fund reported 10,896 shares. Morgan Stanley reported 90,338 shares. The California-based California State Teachers Retirement has invested 0% in Vicor Corporation (NASDAQ:VICR). Principal Grp invested in 127,666 shares or 0.01% of the stock. Columbia Pacific Advisors reported 22,224 shares stake. Prudential owns 28,012 shares for 0% of their portfolio.

Since April 26, 2018, it had 0 buys, and 21 sales for $7.64 million activity. KELLEHER BARRY sold 5,000 shares worth $195,708. On Thursday, July 26 HENDERSON H ALLEN sold $290,782 worth of Vicor Corporation (NASDAQ:VICR) or 5,000 shares. $731,088 worth of stock was sold by Nagel Richard J Jr on Thursday, July 26. Shares for $180,000 were sold by Tuozzolo Claudio. Another trade for 8,412 shares valued at $335,975 was sold by GRIFFIN LIAM. $1.17 million worth of Vicor Corporation (NASDAQ:VICR) was sold by JEFFERY JOSEPH A.

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 Finviz.com. 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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