Vicor Corporation $VICR Stock Position Decreased by Mason & Associates Inc

Mason & Associates Inc trimmed its stake in Vicor Corporation (NASDAQ:VICR) by 16.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,699 shares of the electronics maker’s stock after selling 2,958 shares during the quarter. Mason & Associates Inc’s holdings in Vicor were worth $5,582,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of VICR. BlackRock Inc. purchased a new stake in Vicor during the second quarter valued at about $934,612,000. Convergence Investment Partners LLC purchased a new position in shares of Vicor in the fourth quarter worth approximately $1,631,000. Maxi Investments CY Ltd purchased a new position in shares of Vicor in the second quarter worth approximately $2,089,000. The Manufacturers Life Insurance Company raised its holdings in shares of Vicor by 39.6% during the first quarter. The Manufacturers Life Insurance Company now owns 603,364 shares of the electronics maker’s stock valued at $97,142,000 after acquiring an additional 171,175 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Vicor by 363.7% during the first quarter. Renaissance Technologies LLC now owns 47,300 shares of the electronics maker’s stock valued at $7,615,000 after acquiring an additional 37,100 shares during the period. 47.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on VICR shares. Weiss Ratings cut Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, August 20th. Craig Hallum upped their price target on Vicor to $450.00 and gave the company a “buy” rating in a research report on Monday, June 22nd. Zacks Research downgraded Vicor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Needham & Company LLC decreased their price objective on Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Finally, Roth Capital lifted their target price on Vicor from $285.00 to $375.00 and gave the company a “buy” rating in a research note on Monday, June 22nd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $381.67.

Insider Buying and Selling

In other Vicor news, CEO Patrizio Vinciarelli sold 20,000 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $360.94, for a total value of $7,218,800.00. Following the transaction, the chief executive officer owned 8,488,090 shares in the company, valued at $3,063,691,204.60. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold a total of 238,266 shares of company stock valued at $76,514,148 in the last quarter. Insiders own 28.30% of the company’s stock.

Vicor Stock Down 1.6%

Shares of NASDAQ:VICR opened at $178.76 on Friday. The firm has a fifty day moving average of $234.31 and a two-hundred day moving average of $235.71. Vicor Corporation has a 12-month low of $47.56 and a 12-month high of $382.65. The firm has a market capitalization of $8.24 billion, a P/E ratio of 57.30 and a beta of 2.35.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, July 21st. The electronics maker reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.39. Vicor had a net margin of 30.65% and a return on equity of 19.83%. The business had revenue of $143.35 million for the quarter, compared to the consensus estimate of $138.37 million. During the same period in the prior year, the business posted $0.91 earnings per share. Vicor’s revenue for the quarter was up 49.3% compared to the same quarter last year. Equities research analysts expect that Vicor Corporation will post 3.28 earnings per share for the current fiscal year.

Vicor Company Profile

Vicor Corporation is a designer and manufacturer of modular power components and systems, serving a wide range of industries that demand high performance and efficiency. Headquartered in Andover, Massachusetts, the company develops power conversion solutions that help customers optimize energy delivery in applications from telecommunications and data centers to industrial and automotive systems.

The company’s product portfolio includes high-density DC-DC converters, AC-DC front-end modules, point-of-load regulators and complete power systems that combine multiple conversion stages in a single package.