Thrivent Financial for Lutherans Sells 730 Shares of Vicor Co. (NASDAQ:VICR)

Thrivent Financial for Lutherans lessened its stake in Vicor Co. (NASDAQ:VICR) by 3.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,062 shares of the electronics maker’s stock after selling 730 shares during the period. Thrivent Financial for Lutherans’ holdings in Vicor were worth $760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in VICR. Victory Capital Management Inc. grew its position in shares of Vicor by 14.2% in the 3rd quarter. Victory Capital Management Inc. now owns 9,683 shares of the electronics maker’s stock worth $408,000 after buying an additional 1,201 shares during the last quarter. Invesco LLC purchased a new position in Vicor in the third quarter worth $205,000. Eastern Bank acquired a new position in shares of Vicor during the third quarter worth $42,000. CWM LLC lifted its holdings in shares of Vicor by 226.6% during the 3rd quarter. CWM LLC now owns 2,283 shares of the electronics maker’s stock valued at $96,000 after purchasing an additional 1,584 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Vicor by 202.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,001 shares of the electronics maker’s stock worth $42,000 after purchasing an additional 670 shares in the last quarter. 47.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Estia J. Eichten sold 8,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $55.51, for a total transaction of $444,080.00. Following the completion of the sale, the director now owns 230,267 shares of the company’s stock, valued at $12,782,121.17. The trade was a 3.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Alex Gusinov sold 856 shares of Vicor stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $59.01, for a total value of $50,512.56. Following the completion of the sale, the vice president now owns 16,018 shares in the company, valued at approximately $945,222.18. The trade was a 5.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 31.00% of the stock is currently owned by insiders.

Vicor Stock Performance

Vicor stock opened at $55.76 on Wednesday. The business’s 50-day simple moving average is $48.29 and its two-hundred day simple moving average is $40.36. The company has a market cap of $2.52 billion, a PE ratio of 116.17 and a beta of 1.49. Vicor Co. has a fifty-two week low of $30.90 and a fifty-two week high of $61.05.

Vicor (NASDAQ:VICR) last issued its quarterly earnings data on Tuesday, October 22nd. The electronics maker reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.13. Vicor had a return on equity of 4.00% and a net margin of 6.08%. The business had revenue of $93.17 million during the quarter, compared to analysts’ expectations of $85.23 million. During the same quarter in the previous year, the firm posted $0.37 EPS. The company’s revenue for the quarter was down 13.6% on a year-over-year basis.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on VICR shares. Needham & Company LLC reiterated a “hold” rating on shares of Vicor in a research note on Wednesday, October 23rd. Craig Hallum upped their price target on shares of Vicor from $35.00 to $43.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd.

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.