VICR

Vicor Corp.

TMT


Presented:11/30/2022
Price:$53.99
Cap:$2.38B
Current Price:$41.75
Cap:$1.88B

Presented

Date11/30/2022
Price$53.99
Market Cap$2.38B
Ent Value$2.46B
P/E Ratio92.46x
Book Value$10.28
Div Yield0%
Shares O/S44.06M
Ave Daily Vol248,400
Short Int5.39%

Current

Price$41.75
Market Cap$1.88B
Vicor Corp. engages in the design, development, manufacture, and marketing of modular power components. The firm provides complete power systems based upon a portfolio of patented technologies. Its products include AC-DC converters, power systems, and accessories. The company was founded by Patrizio Vinciarelli in 1981 and is headquartered in Andover, MA.

Publicly traded companies mentioned herein: Microsoft Corp (MSFT), Monolithic Power Systems Inc (MPWR), Nvidia Inc (NVDA), Vicor Corp (VICR)

Highlights

The presenter is long shares of Vicor Corp (VICR), a $2.4B market cap company dominating the conversion of lower-voltage architectures (12, 16, 21, etc.) to 48-volt architectures. This voltage conversion is already happening in data centers, EVs (need for range), and other high-tech spaces. He explains that the higher the voltage, the less energy loss occurs when transferred to its use case, and that becomes especially significant in large, energy-intensive data centers. For reference, he thinks MSFT could save $2B by shifting to 48 volts. Although the ownership structure is murky with founder Dr. Patrizio Vinciarelli maintaining just under 50% ownership, the presenter sees massive upside to a $20B – $30B market cap over the next 3 – 5 years after VICR ramps its new facility. 

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Idea Discussion

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