D. E. Shaw & Co. Inc. Boosts Stake in Ichor Holdings, Ltd. (NASDAQ:ICHR)

D. E. Shaw & Co. Inc. raised its position in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 13.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 276,484 shares of the technology company's stock after buying an additional 33,762 shares during the period. D. E. Shaw & Co. Inc. owned about 0.82% of Ichor worth $8,908,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ICHR. Dimensional Fund Advisors LP boosted its holdings in Ichor by 6.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,724,058 shares of the technology company's stock worth $55,547,000 after buying an additional 111,337 shares during the last quarter. Royce & Associates LP lifted its position in shares of Ichor by 20.2% in the fourth quarter. Royce & Associates LP now owns 864,245 shares of the technology company's stock worth $27,846,000 after purchasing an additional 145,278 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Ichor by 73.6% in the fourth quarter. JPMorgan Chase & Co. now owns 590,630 shares of the technology company's stock valued at $19,030,000 after purchasing an additional 250,383 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Ichor by 6.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 502,293 shares of the technology company's stock worth $16,184,000 after acquiring an additional 29,536 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Ichor by 34.4% during the fourth 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 period. 94.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Jeff Andreson acquired 10,000 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were bought at an average cost of $16.86 per share, with a total value of $168,600.00. Following the transaction, the chief executive officer now owns 285,594 shares of the company's stock, valued at $4,815,114.84. This trade represents a 3.63% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.90% of the company's stock.

Ichor Price Performance

ICHR stock traded down $0.07 during mid-day trading on Tuesday, reaching $17.81. 65,562 shares of the company traded hands, compared to its average volume of 368,443. The company has a fifty day moving average price of $20.65 and a 200-day moving average price of $27.56. Ichor Holdings, Ltd. has a 52-week low of $15.38 and a 52-week high of $42.70. The company has a market capitalization of $607.51 million, a P/E ratio of -27.39 and a beta of 1.83. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.34 and a quick ratio of 1.49.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The technology company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.14). The business had revenue of $244.47 million during the quarter, compared to the consensus estimate of $244.95 million. Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. The company's revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. As a group, analysts anticipate that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ICHR shares. Needham & Company LLC reiterated a "hold" rating on shares of Ichor in a research note on Tuesday, May 6th. Oppenheimer reduced their price objective on shares of Ichor from $35.00 to $25.00 and set a "market perform" rating on the stock in a research note on Friday, April 11th. Stifel Nicolaus dropped their target price on shares of Ichor from $35.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. DA Davidson decreased their price target on shares of Ichor from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Finally, TD Cowen decreased their price objective on Ichor from $38.00 to $28.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $34.00.

About Ichor

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.