Ichor Holdings, Ltd. (NASDAQ:ICHR) Holdings Decreased by Millennium Management LLC

Millennium Management LLC lowered its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 24.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,736 shares of the technology company's stock after selling 115,354 shares during the period. Millennium Management LLC owned approximately 1.05% of Ichor worth $11,430,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Ichor by 5.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,780 shares of the technology company's stock valued at $605,000 after purchasing an additional 959 shares during the period. Gotham Asset Management LLC increased its position in shares of Ichor by 10.4% during the 4th quarter. Gotham Asset Management LLC now owns 24,565 shares of the technology company's stock valued at $791,000 after purchasing an additional 2,306 shares during the period. Ethic Inc. increased its position in shares of Ichor by 24.5% during the 4th quarter. Ethic Inc. now owns 10,312 shares of the technology company's stock valued at $332,000 after purchasing an additional 2,029 shares during the period. Deutsche Bank AG increased its position in shares of Ichor by 9.8% during the 4th quarter. Deutsche Bank AG now owns 127,319 shares of the technology company's stock valued at $4,102,000 after purchasing an additional 11,353 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Ichor by 13.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 276,484 shares of the technology company's stock valued at $8,908,000 after purchasing an additional 33,762 shares during the period. Institutional investors own 94.81% of the company's stock.

Insider Activity

In other Ichor news, CEO Jeff Andreson purchased 10,000 shares of the stock in a transaction dated 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 acquisition, the chief executive officer now owns 285,594 shares of the company's stock, valued at $4,815,114.84. This represents a 3.63% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by corporate insiders.

Ichor Price Performance

Shares of NASDAQ ICHR traded up $0.22 during mid-day trading on Thursday, reaching $16.53. The company had a trading volume of 111,546 shares, compared to its average volume of 370,674. 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 stock has a market cap of $564.00 million, a PE ratio of -25.43 and a beta of 1.83. The company has a 50-day moving average price of $19.24 and a two-hundred day moving average price of $26.90. 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 issued 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 analyst estimates of $244.95 million. Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. The business's revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. On average, equities analysts anticipate that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. DA Davidson lowered their price target on Ichor from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. TD Cowen lowered their price target on Ichor from $38.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Wall Street Zen cut Ichor from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th. Needham & Company LLC reiterated a "hold" rating on shares of Ichor in a research report on Tuesday, May 6th. Finally, Oppenheimer decreased their target price on Ichor from $35.00 to $25.00 and set a "market perform" rating on the stock in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target 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.