Mason & Associates Inc Has $5.58 Million Stock Holdings in Vicor Corporation $VICR

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

Several other hedge funds also recently modified their holdings of VICR. BlackRock Inc. acquired a new stake in shares of Vicor in the 2nd quarter valued at $934,612,000. Convergence Investment Partners LLC acquired a new position in Vicor during the fourth quarter worth $1,631,000. Maxi Investments CY Ltd acquired a new position in Vicor during the second quarter worth $2,089,000. The Manufacturers Life Insurance Company raised its holdings in 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 buying an additional 171,175 shares in the last quarter. Finally, Strs Ohio raised its holdings in Vicor by 128.6% during the fourth quarter. Strs Ohio now owns 9,600 shares of the electronics maker’s stock valued at $1,052,000 after buying an additional 5,400 shares in the last quarter. Institutional investors and hedge funds own 47.45% of the company’s stock.

Vicor Trading Down 1.6%

NASDAQ:VICR opened at $178.76 on Friday. The firm has a market capitalization of $8.24 billion, a PE ratio of 57.30 and a beta of 2.35. Vicor Corporation has a 1 year low of $47.56 and a 1 year high of $382.65. The firm’s fifty day simple moving average is $234.31 and its 200 day simple moving average is $235.71.

Vicor (NASDAQ:VICR) last released its 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 firm had revenue of $143.35 million during the quarter, compared to analyst estimates of $138.37 million. During the same quarter in the previous year, the business earned $0.91 EPS. The business’s revenue was up 49.3% on a year-over-year basis. As a group, analysts anticipate that Vicor Corporation will post 3.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VICR has been the subject of a number of analyst reports. Needham & Company LLC reduced their price target on Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Craig Hallum increased their price objective on Vicor to $450.00 and gave the company a “buy” rating in a 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. Roth Capital boosted their target price on Vicor from $285.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. Finally, Weiss Ratings lowered Vicor from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 20th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $381.67.

Insider Activity at Vicor

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of Vicor 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 directly owned 8,488,090 shares in the company, valued at approximately $3,063,691,204.60. The trade was a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 238,266 shares of company stock valued at $76,514,148 in the last 90 days. Insiders own 28.30% of the company’s stock.

About Vicor

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.