Vicor Corporation $VICR Stock Position Raised by Ashford Capital Management Inc.

Ashford Capital Management Inc. raised its position in Vicor Corporation (NASDAQ:VICR) by 57.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 353,856 shares of the electronics maker’s stock after buying an additional 128,664 shares during the period. Vicor accounts for about 4.3% of Ashford Capital Management Inc.’s holdings, making the stock its 3rd largest holding. Ashford Capital Management Inc.’s holdings in Vicor were worth $38,783,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Federated Hermes Inc. purchased a new position in Vicor in the 4th quarter valued at about $27,000. Harbour Investments Inc. purchased a new position in Vicor in the 4th quarter valued at about $32,000. Allworth Financial LP lifted its holdings in Vicor by 960.0% in the 4th quarter. Allworth Financial LP now owns 318 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 288 shares in the last quarter. NBC Securities Inc. purchased a new position in Vicor in the 4th quarter valued at about $36,000. Finally, SBI Securities Co. Ltd. lifted its holdings in Vicor by 32,400.0% in the 4th quarter. SBI Securities Co. Ltd. now owns 325 shares of the electronics maker’s stock valued at $36,000 after purchasing an additional 324 shares in the last quarter. 47.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VICR. Weiss Ratings restated a “hold (c+)” rating on shares of Vicor in a report on Monday, June 1st. Wall Street Zen downgraded shares of Vicor from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Zacks Research raised shares of Vicor from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 23rd. Roth Mkm reaffirmed a “buy” rating and set a $245.00 price objective on shares of Vicor in a research note on Monday, April 20th. Finally, Needham & Company LLC upped their price objective on shares of Vicor from $260.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $228.33.

Vicor Price Performance

NASDAQ VICR opened at $320.46 on Wednesday. Vicor Corporation has a 12 month low of $41.76 and a 12 month high of $361.89. The company has a 50-day moving average of $265.57 and a 200-day moving average of $188.43. The company has a market cap of $14.61 billion, a P/E ratio of 107.18 and a beta of 2.36.

Vicor (NASDAQ:VICR) last posted its earnings results on Tuesday, April 21st. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $112.97 million during the quarter, compared to the consensus estimate of $109.05 million. Vicor had a net margin of 28.98% and a return on equity of 20.21%. The company’s revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. As a group, equities research analysts anticipate that Vicor Corporation will post 2.71 EPS for the current year.

Insider Buying and Selling

In other news, CEO Patrizio Vinciarelli sold 20,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $318.65, for a total transaction of $6,373,000.00. Following the completion of the transaction, the chief executive officer directly owned 8,588,090 shares in the company, valued at approximately $2,736,594,878.50. This represents a 0.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Claudio Tuozzolo sold 730 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $292.89, for a total value of $213,809.70. Following the transaction, the vice president owned 13,240 shares of the company’s stock, valued at approximately $3,877,863.60. This trade represents a 5.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 494,175 shares of company stock valued at $119,770,174 over the last three months. Company 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.