Company Overview - Vicor is a technology company specializing in high-performance power conversion solutions for demanding applications, leveraging proprietary technology to deliver efficient, compact, and scalable power modules and systems [6] - The company generates revenue by designing, manufacturing, and selling power conversion products and custom solutions to original equipment manufacturers and contract manufacturers, serving sectors such as aerospace, defense, industrial automation, and telecommunications [9] Financial Performance - As of February 13, 2026, Vicor's stock price was $155.96, with a market capitalization of $7.02 billion [4] - The company reported a total revenue of $441.6 million and a net income of $82.3 million for the trailing twelve months [4] - In the third quarter, revenue reached $110.4 million, an increase of 18.5% year-over-year, with a gross margin of 57.5% and net income of $28.3 million, equating to $0.63 per diluted share [10] Investment Activity - On February 13, 2026, Ashford Capital Management increased its position in Vicor by purchasing 128,664 shares, valued at approximately $10.94 million [2] - Following this transaction, Vicor represented 4.32% of Ashford's reportable U.S. equity assets, with a total stake valued at $38.78 million [8] - Vicor shares have appreciated significantly, up 213.0% over the past year, outperforming the S&P 500 by 201.3 percentage points [8] Market Position and Outlook - Vicor holds critical intellectual property in high-performance computing power modules, with licensing revenue becoming a meaningful contributor to its financials [11] - The company's recent performance and growth suggest a strong belief in the structural demand for power density, particularly in AI and data center applications, which could enhance its market position in the long term [10][12]