Vicor Corporation $VICR Shares Purchased by Mason & Associates Inc

Mason & Associates Inc increased its position in shares of Vicor Corporation (NASDAQ:VICR) by 307.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 17,657 shares of the electronics maker’s stock after buying an additional 13,326 shares during the quarter. Mason & Associates Inc’s holdings in Vicor were worth $2,843,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings in shares of Vicor by 6.0% in the first quarter. Royal Bank of Canada now owns 15,167 shares of the electronics maker’s stock valued at $709,000 after acquiring an additional 857 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Vicor by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,537 shares of the electronics maker’s stock valued at $633,000 after acquiring an additional 563 shares during the period. Millennium Management LLC raised its position in Vicor by 4,634.5% in the 1st quarter. Millennium Management LLC now owns 264,611 shares of the electronics maker’s stock valued at $12,379,000 after purchasing an additional 259,022 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Vicor by 38.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,541 shares of the electronics maker’s stock valued at $1,943,000 after purchasing an additional 11,525 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in Vicor by 56.1% during the 1st quarter. Acadian Asset Management LLC now owns 8,860 shares of the electronics maker’s stock worth $413,000 after purchasing an additional 3,184 shares during the last quarter. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VICR. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Wall Street Zen lowered Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Roth Capital boosted their price target on Vicor from $285.00 to $375.00 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. Finally, Craig Hallum increased their price objective on Vicor to $450.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $408.33.

Insider Transactions at Vicor

In related news, CEO Patrizio Vinciarelli sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $193.21, for a total value of $9,660,500.00. Following the completion of the sale, the chief executive officer owned 8,895,090 shares in the company, valued at $1,718,620,338.90. This trade represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 502,460 shares of company stock worth $145,214,062 over the last three months. Corporate insiders own 28.30% of the company’s stock.

Vicor Stock Performance

Shares of VICR opened at $277.43 on Friday. The stock has a market capitalization of $12.65 billion, a P/E ratio of 92.79 and a beta of 2.33. Vicor Corporation has a 1 year low of $41.76 and a 1 year high of $382.65. The company’s fifty day moving average is $301.00 and its two-hundred day moving average is $215.09.

Vicor (NASDAQ:VICR) last released its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The company had revenue of $112.97 million during the quarter, compared to analysts’ expectations of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The business’s revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the business earned $0.06 EPS. Sell-side analysts predict that Vicor Corporation will post 2.94 EPS for the current year.

Vicor 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.