Thrivent Financial for Lutherans Has $623,000 Position in Vicor Co. (NASDAQ:VICR)

Thrivent Financial for Lutherans lowered its stake in Vicor Co. (NASDAQ:VICR) by 4.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,792 shares of the electronics maker’s stock after selling 786 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Vicor were worth $623,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in VICR. Headlands Technologies LLC grew its holdings in shares of Vicor by 98.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,147 shares of the electronics maker’s stock worth $38,000 after purchasing an additional 570 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Vicor by 37.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,111 shares of the electronics maker’s stock worth $50,000 after buying an additional 303 shares in the last quarter. Redwood Wealth Management Group LLC bought a new position in Vicor during the second quarter worth $98,000. SG Americas Securities LLC acquired a new position in shares of Vicor during the second quarter worth approximately $115,000. Finally, Bayesian Capital Management LP bought a new position in shares of Vicor in the first quarter valued at $227,000. Institutional investors and hedge funds own 47.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC restated a “hold” rating on shares of Vicor in a research note on Wednesday, July 24th.

Insider Activity

In other Vicor news, VP Philip D. Davies sold 23,494 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $35.83, for a total transaction of $841,790.02. Following the transaction, the vice president now owns 15,763 shares of the company’s stock, valued at approximately $564,788.29. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 31.30% of the company’s stock.

Vicor Price Performance

Shares of NASDAQ:VICR opened at $41.42 on Wednesday. The stock’s fifty day moving average price is $38.08 and its 200-day moving average price is $36.14. The company has a market cap of $1.85 billion, a P/E ratio of 41.49 and a beta of 1.51. Vicor Co. has a 1 year low of $30.90 and a 1 year high of $60.38.

Vicor (NASDAQ:VICR) last posted its quarterly earnings results on Tuesday, July 23rd. The electronics maker reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.12). Vicor had a return on equity of 4.98% and a net margin of 7.20%. The business had revenue of $85.90 million during the quarter, compared to the consensus estimate of $81.77 million. During the same quarter in the previous year, the company earned $0.38 earnings per share. The company’s revenue for the quarter was down 19.5% compared to the same quarter last year.

Vicor 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.