Ashford Capital Management Inc. Sells 240,321 Shares of Vicor Corporation $VICR

Ashford Capital Management Inc. trimmed its stake in shares of Vicor Corporation (NASDAQ:VICR) by 67.9% during the first quarter, HoldingsChannel.com reports. The firm owned 113,535 shares of the electronics maker’s stock after selling 240,321 shares during the quarter. Vicor makes up 2.3% of Ashford Capital Management Inc.’s portfolio, making the stock its 15th largest position. Ashford Capital Management Inc.’s holdings in Vicor were worth $18,279,000 at the end of the most recent quarter.

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

Insider Activity at Vicor

In other news, CFO James F. Schmidt sold 1,000 shares of the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $331.68, for a total value of $331,680.00. Following the transaction, the chief financial officer owned 1,000 shares of the company’s stock, valued at $331,680. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Patrizio Vinciarelli sold 700 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $302.40, for a total transaction of $211,680.00. Following the sale, the chief executive officer owned 8,347,390 shares in the company, valued at approximately $2,524,250,736. This trade represents a 0.01% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 367,606 shares of company stock valued at $117,177,948. Company insiders own 28.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Weiss Ratings cut shares of Vicor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Zacks Research cut shares of Vicor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 2nd. Craig Hallum raised their price target on shares of Vicor to $450.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Needham & Company LLC reduced their price target on shares of Vicor from $400.00 to $320.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Finally, Wall Street Zen cut shares of Vicor from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $381.67.

Vicor Trading Down 2.2%

Shares of VICR opened at $206.44 on Tuesday. The company has a market cap of $9.41 billion, a PE ratio of 66.17 and a beta of 2.33. The stock has a 50-day moving average price of $291.22 and a 200-day moving average price of $225.29. Vicor Corporation has a 12-month low of $41.76 and a 12-month high of $382.65.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, July 21st. The electronics maker reported $1.04 EPS for the quarter, topping the consensus estimate of $0.65 by $0.39. The company had revenue of $143.35 million during the quarter, compared to analyst estimates of $138.37 million. Vicor had a return on equity of 19.83% and a net margin of 30.65%.Vicor’s revenue was up 49.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 earnings per share. As a group, analysts predict that Vicor Corporation will post 3.12 earnings per share 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.