Wellington Management Group LLP Sells 70,040 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Wellington Management Group LLP trimmed its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,166,204 shares of the technology company's stock after selling 70,040 shares during the period. Wellington Management Group LLP owned 3.43% of Ichor worth $37,575,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in shares of Ichor by 52.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company's stock worth $147,000 after buying an additional 1,578 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ichor by 5.4% in the fourth 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 in the last quarter. Barclays PLC increased its stake in Ichor by 377.6% in the third quarter. Barclays PLC now owns 56,787 shares of the technology company's stock valued at $1,808,000 after purchasing an additional 44,897 shares in the last quarter. Hodges Capital Management Inc. increased its stake in Ichor by 52.0% in the fourth quarter. Hodges Capital Management Inc. now owns 217,125 shares of the technology company's stock valued at $6,996,000 after purchasing an additional 74,255 shares in the last quarter. Finally, Swiss National Bank increased its stake in Ichor by 1.4% in the fourth quarter. Swiss National Bank now owns 66,200 shares of the technology company's stock valued at $2,133,000 after purchasing an additional 900 shares in the last quarter. 94.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ICHR has been the subject of several recent analyst reports. Stifel Nicolaus lowered their target price on shares of Ichor from $35.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. DA Davidson lowered their price objective on shares of Ichor from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Oppenheimer lowered their price objective on shares of Ichor from $35.00 to $25.00 and set a "market perform" rating for the company in a research report on Friday, April 11th. Needham & Company LLC reaffirmed a "hold" rating on shares of Ichor in a research report on Tuesday, May 6th. Finally, TD Cowen decreased their target price on shares of Ichor from $38.00 to $28.00 and set a "buy" rating for the company in a research 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 issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $34.00.

Insider Buying and Selling

In other Ichor news, CEO Jeff Andreson bought 10,000 shares of Ichor stock in a transaction on Thursday, May 8th. The shares were purchased at an average cost of $16.86 per share, with a total value of $168,600.00. Following the acquisition, 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is owned by corporate insiders.

Ichor Stock Performance

Shares of NASDAQ ICHR traded up $0.48 during mid-day trading on Wednesday, reaching $17.88. 160,079 shares of the company were exchanged, compared to its average volume of 333,504. The company's 50-day simple moving average is $18.45 and its 200-day simple moving average is $26.43. The company has a quick ratio of 1.49, a current ratio of 3.34 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $610.07 million, a P/E ratio of -27.51 and a beta of 1.83. Ichor Holdings, Ltd. has a twelve month low of $15.33 and a twelve month high of $42.70.

Ichor (NASDAQ:ICHR - Get Free Report) last posted 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). Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. The company had revenue of $244.47 million for the quarter, compared to analyst estimates of $244.95 million. During the same quarter in the prior year, the business posted ($0.09) EPS. The business's quarterly revenue was up 21.4% compared to the same quarter last year. As a group, research analysts predict 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.