Ashford Capital Management Inc. Grows Stock Position in Vicor Corporation $VICR

Key Points

• Ashford Capital Management Inc. increased its stake in Vicor Corporation by 885.7% in Q1 2023, acquiring an additional 213,895 shares, bringing its total to 238,045 shares.
• Vicor recently reported earnings of $0.91 per share for the quarter, significantly exceeding analysts' expectations of $0.18, with revenues reaching $141.05 million.
• Several institutional investors, including JPMorgan Chase & Co., increased their holdings in Vicor, reflecting a strong interest in the company, which is currently 47.45% owned by institutional investors.

Ashford Capital Management Inc. raised its stake in shares of Vicor Corporation (NASDAQ:VICR - Free Report) by 885.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 238,045 shares of the electronics maker's stock after buying an additional 213,895 shares during the period. Vicor comprises about 1.4% of Ashford Capital Management Inc.'s portfolio, making the stock its 28th largest holding. Ashford Capital Management Inc. owned 0.53% of Vicor worth $11,136,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Optimum Investment Advisors purchased a new position in shares of Vicor during the 1st quarter valued at about $26,000. Manchester Capital Management LLC grew its position in shares of Vicor by 76.8% during the 1st quarter. Manchester Capital Management LLC now owns 610 shares of the electronics maker's stock valued at $29,000 after acquiring an additional 265 shares during the period. KBC Group NV acquired a new stake in shares of Vicor during the 1st quarter valued at about $57,000. CWM LLC grew its position in shares of Vicor by 33.3% during the 1st quarter. CWM LLC now owns 3,211 shares of the electronics maker's stock valued at $150,000 after acquiring an additional 802 shares during the period. Finally, Nebula Research & Development LLC acquired a new stake in shares of Vicor during the 4th quarter valued at about $232,000. Hedge funds and other institutional investors own 47.45% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Needham & Company LLC restated a "hold" rating on shares of Vicor in a research report on Wednesday, July 23rd. Wall Street Zen cut Vicor from a "buy" rating to a "hold" rating in a research report on Monday, August 25th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Vicor has an average rating of "Buy" and an average price target of $43.00.

Vicor Stock Up 0.1%

Shares of Vicor stock traded up $0.04 on Wednesday, hitting $50.51. 262,149 shares of the company were exchanged, compared to its average volume of 299,097. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 34.60 and a beta of 1.76. The company has a 50-day moving average price of $47.40 and a 200 day moving average price of $47.88. Vicor Corporation has a 1-year low of $34.27 and a 1-year high of $65.70.

Vicor (NASDAQ:VICR - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The electronics maker reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.73. The business had revenue of $141.05 million for the quarter, compared to analysts' expectations of $96.43 million. Vicor had a return on equity of 11.32% and a net margin of 15.44%.The business's revenue for the quarter was up 64.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS.

Insider Activity at Vicor

In other news, Director Andrew D'amico sold 5,813 shares of Vicor stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $63.00, for a total transaction of $366,219.00. Following the sale, the director owned 1,217 shares of the company's stock, valued at approximately $76,671. The trade was a 82.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 31.30% of the company's stock.

About Vicor

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.