GAMMA Investing LLC Purchases 17,400 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

GAMMA Investing LLC raised its position in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 1,273.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 18,766 shares of the technology company's stock after buying an additional 17,400 shares during the period. GAMMA Investing LLC owned about 0.06% of Ichor worth $4,240,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC raised its holdings in shares of Ichor by 377.6% during the third quarter. Barclays PLC now owns 56,787 shares of the technology company's stock worth $1,808,000 after acquiring an additional 44,897 shares during the period. KBC Group NV raised its stake in shares of Ichor by 83.5% in the 4th quarter. KBC Group NV now owns 2,086 shares of the technology company's stock valued at $67,000 after purchasing an additional 949 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Ichor by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 163,885 shares of the technology company's stock valued at $5,280,000 after purchasing an additional 4,851 shares in the last quarter. Handelsbanken Fonder AB boosted its position in shares of Ichor by 26.3% during the fourth quarter. Handelsbanken Fonder AB now owns 10,100 shares of the technology company's stock worth $325,000 after buying an additional 2,100 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its holdings in shares of Ichor by 45.5% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 9,464 shares of the technology company's stock worth $305,000 after buying an additional 2,960 shares in the last quarter. Institutional investors own 94.81% of the company's stock.

Insider Transactions at Ichor

In other Ichor news, CEO Jeff Andreson purchased 10,000 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were acquired at an average cost of $16.86 per share, for a total transaction of $168,600.00. Following the completion of the acquisition, the chief executive officer now owns 285,594 shares of the company's stock, valued at $4,815,114.84. The trade was a 3.63% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.90% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on ICHR. DA Davidson reduced their price target on Ichor from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Wall Street Zen cut shares of Ichor from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. Needham & Company LLC reaffirmed a "hold" rating on shares of Ichor in a research report on Tuesday, May 6th. Oppenheimer decreased their price objective on Ichor from $35.00 to $25.00 and set a "market perform" rating for the company in a report on Friday, April 11th. Finally, Stifel Nicolaus dropped their price target on shares of Ichor from $35.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Ichor has an average rating of "Hold" and a consensus target price of $34.00.

Ichor Stock Performance

ICHR stock traded down $0.20 during trading hours on Thursday, hitting $18.93. 72,390 shares of the stock were exchanged, compared to its average volume of 335,422. Ichor Holdings, Ltd. has a 12 month low of $15.33 and a 12 month high of $42.70. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $645.89 million, a P/E ratio of -29.12 and a beta of 1.76. The company has a 50-day simple moving average of $18.13 and a two-hundred day simple moving average of $25.92.

Ichor (NASDAQ:ICHR - Get Free Report) last issued its quarterly 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 company had revenue of $244.47 million during the quarter, compared to the consensus estimate of $244.95 million. During the same quarter last year, the firm posted ($0.09) earnings per share. The company's quarterly revenue was up 21.4% on a year-over-year basis. On average, analysts forecast that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current fiscal year.

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.