Jackson Creek Investment Advisors LLC Buys Shares of 49,127 Ichor Holdings, Ltd. (NASDAQ:ICHR)

Jackson Creek Investment Advisors LLC purchased a new stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 49,127 shares of the technology company's stock, valued at approximately $1,111,000. Jackson Creek Investment Advisors LLC owned approximately 0.14% of Ichor at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP boosted its holdings in Ichor by 54.9% in the 4th quarter. Quarry LP now owns 2,426 shares of the technology company's stock valued at $78,000 after purchasing an additional 860 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Ichor by 52.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company's stock valued at $147,000 after purchasing an additional 1,578 shares during the period. KLP Kapitalforvaltning AS bought a new position in Ichor in the 4th quarter valued at $193,000. Meeder Asset Management Inc. boosted its holdings in Ichor by 12.6% in the 4th quarter. Meeder Asset Management Inc. now owns 6,049 shares of the technology company's stock valued at $195,000 after purchasing an additional 675 shares during the period. Finally, Cerity Partners LLC raised its position in shares of Ichor by 5.9% during the 1st quarter. Cerity Partners LLC now owns 9,521 shares of the technology company's stock valued at $215,000 after buying an additional 533 shares in the last quarter. 94.81% of the stock is owned by institutional investors.

Ichor Price Performance

Shares of ICHR traded down $0.40 during mid-day trading on Friday, reaching $22.87. The stock had a trading volume of 35,871 shares, compared to its average volume of 340,324. The firm has a market cap of $780.36 million, a price-to-earnings ratio of -47.74 and a beta of 1.80. Ichor Holdings, Ltd. has a 12 month low of $15.33 and a 12 month high of $38.73. The business has a fifty day moving average of $19.02 and a 200 day moving average of $23.85. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.32 and a current ratio of 3.09.

Ichor (NASDAQ:ICHR - Get Free Report) last posted its quarterly earnings results 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 firm 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 0.63% and a negative net margin of 1.84%. The business's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.09) earnings per share. Equities analysts predict that Ichor Holdings, Ltd. will post 1.01 EPS for the current year.

Insider Buying and Selling at Ichor

In other news, CEO Jeff Andreson purchased 10,000 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 285,594 shares in the company, valued at $4,815,114.84. This trade represents a 3.63% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ICHR has been the topic of a number of analyst reports. DA Davidson decreased their target price on shares of 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 cut their target price on shares of Ichor from $38.00 to $28.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. B. Riley reissued a "buy" rating and set a $30.00 price objective (up previously from $23.00) on shares of Ichor in a research note on Friday, July 11th. Wall Street Zen lowered shares of Ichor from a "hold" rating to a "sell" rating in a research note on Thursday, April 10th. Finally, Stifel Nicolaus decreased their target price on shares of Ichor from $35.00 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 assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $32.67.

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.

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