Cubist Systematic Strategies LLC Has $1.48 Million Stock Holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Cubist Systematic Strategies LLC decreased its position in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 69.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,893 shares of the technology company's stock after selling 106,098 shares during the quarter. Cubist Systematic Strategies LLC owned 0.14% of Ichor worth $1,479,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE increased its position in Ichor by 34.4% in the 4th quarter. Bank of America Corp DE now owns 418,567 shares of the technology company's stock worth $13,486,000 after purchasing an additional 107,154 shares during the last quarter. Northern Trust Corp increased its stake in shares of Ichor by 8.8% in the 4th quarter. Northern Trust Corp now owns 377,538 shares of the technology company's stock valued at $12,164,000 after buying an additional 30,655 shares during the period. Quarry LP increased its holdings in Ichor by 54.9% in the fourth quarter. Quarry LP now owns 2,426 shares of the technology company's stock valued at $78,000 after purchasing an additional 860 shares during the last quarter. Oberweis Asset Management Inc. bought a new stake in Ichor in the fourth quarter valued at about $10,884,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Ichor by 21.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,016 shares of the technology company's stock worth $420,000 after acquiring an additional 2,327 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ICHR. Stifel Nicolaus cut their price objective on Ichor from $35.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. TD Cowen dropped their price objective on Ichor from $38.00 to $28.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of Ichor in a report on Tuesday, May 6th. StockNews.com downgraded Ichor from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th. Finally, DA Davidson reduced their target price on Ichor from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $34.00.

Insiders Place Their Bets

In related news, CEO Jeff Andreson acquired 10,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were acquired at an average price of $16.86 per share, for a total transaction of $168,600.00. Following the completion of the purchase, the chief executive officer now directly owns 285,594 shares of the company's stock, valued at $4,815,114.84. The trade was a 3.63% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.90% of the company's stock.

Ichor Stock Performance

ICHR stock traded down $0.68 during midday trading on Friday, hitting $18.30. 455,367 shares of the stock traded hands, compared to its average volume of 322,066. The stock's fifty day simple moving average is $20.80 and its 200-day simple moving average is $27.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.34 and a quick ratio of 1.49. The firm has a market cap of $624.40 million, a P/E ratio of -28.15 and a beta of 1.83. Ichor Holdings, Ltd. has a 1-year low of $15.38 and a 1-year high of $42.70.

Ichor (NASDAQ:ICHR - Get Free Report) last released its earnings results on Monday, May 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.14). The company had revenue of $244.47 million during the quarter, compared to analysts' expectations of $244.95 million. Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. The company's revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.09) earnings per share. On average, analysts expect that Ichor Holdings, Ltd. will post 1.01 earnings per share 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.