Ashford Capital Management Inc. Decreases Stake in Vicor Corporation $VICR

Ashford Capital Management Inc. cut its stake in shares of Vicor Corporation (NASDAQ:VICR) by 2.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 231,462 shares of the electronics maker’s stock after selling 6,583 shares during the quarter. Ashford Capital Management Inc. owned about 0.52% of Vicor worth $10,499,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strs Ohio purchased a new stake in Vicor during the 1st quarter valued at about $56,000. Tower Research Capital LLC TRC lifted its holdings in shares of Vicor by 993.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,782 shares of the electronics maker’s stock worth $172,000 after purchasing an additional 3,436 shares during the period. Cullen Investment Group LTD. purchased a new stake in Vicor in the second quarter valued at approximately $202,000. Creative Planning acquired a new position in Vicor in the 2nd quarter worth approximately $235,000. Finally, Virtu Financial LLC purchased a new position in Vicor during the 1st quarter worth approximately $247,000. Hedge funds and other institutional investors own 47.45% of the company’s stock.

Vicor Price Performance

Shares of NASDAQ:VICR opened at $97.80 on Friday. Vicor Corporation has a 1-year low of $38.92 and a 1-year high of $102.19. The stock has a market cap of $4.37 billion, a P/E ratio of 53.44 and a beta of 1.94. The firm has a fifty day moving average price of $82.39 and a 200 day moving average price of $59.83.

Vicor (NASDAQ:VICR) last announced its earnings results on Tuesday, October 21st. The electronics maker reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.43. The business had revenue of $110.42 million during the quarter, compared to the consensus estimate of $95.40 million. Vicor had a net margin of 18.63% and a return on equity of 13.77%. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 earnings per share.

Analyst Ratings Changes

Several research firms have recently commented on VICR. Needham & Company LLC set a $90.00 price objective on shares of Vicor and gave the company a “buy” rating in a report on Wednesday, October 22nd. Wall Street Zen downgraded shares of Vicor from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 23rd. Craig Hallum raised Vicor from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Vicor in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.00.

Insider Transactions at Vicor

In related news, CAO Quentin A. Fendelet sold 16,561 shares of the stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $88.31, for a total transaction of $1,462,501.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew D’amico sold 14,677 shares of the firm’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $82.53, for a total transaction of $1,211,292.81. The SEC filing for this sale provides additional information. Insiders sold a total of 168,947 shares of company stock worth $15,402,880 over the last quarter. 31.30% of the stock is currently owned by corporate insiders.

Vicor Company Profile

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.