Could Vicor Corporation (VICR) Increase Even More? The Stock Formed Bullish Double Top Chart Pattern

September 16, 2018 - By Ash Ash

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.
Morgan Stanley invested 0% in Vicor Corporation (NASDAQ:VICR). Brown Advisory Incorporated stated it has 10,200 shares or 0% of all its holdings. 20,808 are owned by Van Eck. Trellus Co Ltd Liability Corporation has 133,045 shares. Barclays Plc reported 17,831 shares. Arizona State Retirement owns 23,845 shares for 0.01% of their portfolio. Ironwood Invest Mgmt Ltd has 1.29% invested in Vicor Corporation (NASDAQ:VICR). Eam Ltd Liability Co stated it has 0.54% in Vicor Corporation (NASDAQ:VICR). Piedmont Inv Advsr Limited Liability Company holds 0.01% or 3,834 shares in its portfolio. State Of Alaska Department Of Revenue holds 0% of its portfolio in Vicor Corporation (NASDAQ:VICR) for 5,356 shares. Geode Capital Limited Liability Company has 0% invested in Vicor Corporation (NASDAQ:VICR). Dimensional Fund Advsr L P holds 0.01% or 432,518 shares. Price T Rowe Assoc Inc Md reported 10,896 shares. Shikiar Asset Management reported 140,400 shares. Lazard Asset Management Ltd Liability Corporation accumulated 28,240 shares.

Since April 26, 2018, it had 0 insider buys, and 21 selling transactions for $7.64 million activity. Shares for $450,000 were sold by Grava Nancy L. SIMMS JAMES A had sold 28,985 shares worth $1.06 million. GRIFFIN LIAM sold 8,412 shares worth $335,975. Tuozzolo Claudio sold 7,122 shares worth $337,520. 8,000 shares valued at $494,248 were sold by EICHTEN ESTIA J on Monday, August 13. $53,804 worth of Vicor Corporation (NASDAQ:VICR) was sold by Nagel Richard J Jr on Friday, April 27.

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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