Oberweis Asset Management Inc. Takes Position in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Oberweis Asset Management Inc. acquired a new position in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 337,800 shares of the technology company's stock, valued at approximately $10,884,000. Oberweis Asset Management Inc. owned about 1.00% of Ichor at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ICHR. KBC Group NV raised its position in shares of Ichor by 83.5% during the fourth quarter. KBC Group NV now owns 2,086 shares of the technology company's stock worth $67,000 after acquiring an additional 949 shares during the last quarter. Globeflex Capital L P bought a new position in shares of Ichor in the 4th quarter valued at about $93,000. Tower Research Capital LLC TRC grew its position in shares of Ichor by 52.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company's stock worth $147,000 after buying an additional 1,578 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Ichor during the fourth quarter worth approximately $193,000. Finally, Meeder Asset Management Inc. lifted its holdings in Ichor by 12.6% in the fourth quarter. Meeder Asset Management Inc. now owns 6,049 shares of the technology company's stock valued at $195,000 after buying an additional 675 shares during the period. Institutional investors and hedge funds own 94.81% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Oppenheimer cut their price target on Ichor from $35.00 to $25.00 and set a "market perform" rating on the stock in a research note on Friday, April 11th. TD Cowen decreased their price target on shares of Ichor from $40.00 to $38.00 and set a "buy" rating for the company in a report on Friday, January 17th. StockNews.com cut shares of Ichor from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Ichor in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $40.17.

Insider Activity

In related news, Director Jorge Titinger sold 3,000 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $32.04, for a total value of $96,120.00. Following the sale, the director now owns 9,832 shares in the company, valued at approximately $315,017.28. This represents a 23.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.90% of the company's stock.

Ichor Stock Down 5.2 %

Shares of ICHR stock traded down $1.11 on Tuesday, hitting $19.99. 138,352 shares of the stock were exchanged, compared to its average volume of 310,750. The business has a 50-day moving average of $23.83 and a 200 day moving average of $28.53. Ichor Holdings, Ltd. has a fifty-two week low of $15.84 and a fifty-two week high of $42.70. The firm has a market capitalization of $681.75 million, a P/E ratio of -30.69 and a beta of 1.88. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17.

Ichor (NASDAQ:ICHR - Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.14). Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. Equities analysts anticipate that Ichor Holdings, Ltd. will post 1.01 EPS for the current year.

Ichor Company Profile

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.