Bank of America Corp DE Has $13.49 Million Stock Position in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Bank of America Corp DE lifted its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 34.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 418,567 shares of the technology company's stock after acquiring an additional 107,154 shares during the period. Bank of America Corp DE owned approximately 1.24% of Ichor worth $13,486,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ICHR. Northern Trust Corp boosted its stake in Ichor by 8.8% during the 4th quarter. Northern Trust Corp now owns 377,538 shares of the technology company's stock valued at $12,164,000 after purchasing an additional 30,655 shares during the last quarter. Quarry LP boosted its position in shares of Ichor by 54.9% during the fourth quarter. Quarry LP now owns 2,426 shares of the technology company's stock valued at $78,000 after buying an additional 860 shares during the last quarter. Oberweis Asset Management Inc. purchased a new position in shares of Ichor during the fourth quarter valued at approximately $10,884,000. Price T Rowe Associates Inc. MD grew its holdings in Ichor by 21.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,016 shares of the technology company's stock worth $420,000 after buying an additional 2,327 shares in the last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in Ichor in the 4th quarter valued at $268,000. Institutional investors and hedge funds own 94.81% of the company's stock.

Insider Buying and Selling

In other Ichor news, CEO Jeff Andreson acquired 10,000 shares of Ichor stock in a transaction that occurred on Thursday, May 8th. The stock was acquired at an average cost of $16.86 per share, for a total transaction of $168,600.00. Following the purchase, the chief executive officer now owns 285,594 shares of the company's stock, valued at approximately $4,815,114.84. This represents a 3.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is currently owned by insiders.

Ichor Price Performance

Ichor stock opened at $16.62 on Thursday. The business's 50 day simple moving average is $20.29 and its 200 day simple moving average is $27.42. Ichor Holdings, Ltd. has a 12 month low of $15.38 and a 12 month high of $42.70. The company has a market cap of $567.07 million, a price-to-earnings ratio of -25.57 and a beta of 1.83. 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 issued its earnings results on Monday, May 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.14). Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. The firm had revenue of $244.47 million during the quarter, compared to the consensus estimate of $244.95 million. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. The business's quarterly revenue was up 21.4% compared to the same quarter last year. Sell-side analysts forecast that Ichor Holdings, Ltd. will post 1.01 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ICHR. Oppenheimer cut their price objective on shares of Ichor from $35.00 to $25.00 and set a "market perform" rating on the stock in a report on Friday, April 11th. StockNews.com lowered shares of Ichor from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th. Stifel Nicolaus cut their price target 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. Needham & Company LLC reaffirmed a "hold" rating on shares of Ichor in a research report on Tuesday, May 6th. Finally, TD Cowen decreased their price objective on shares of Ichor from $38.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $34.00.

Ichor 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.

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