Jackson Creek Investment Advisors LLC Takes Position in Ichor Holdings, Ltd. (NASDAQ:ICHR)

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

A number of other large investors have also recently made changes to their positions in ICHR. Quarry LP boosted its position 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 buying an additional 860 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Ichor by 52.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company's stock worth $147,000 after acquiring an additional 1,578 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Ichor during the 4th quarter valued at approximately $193,000. Meeder Asset Management Inc. increased its stake in Ichor by 12.6% during 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 in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Ichor by 21.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,510 shares of the technology company's stock valued at $242,000 after purchasing an additional 1,347 shares in the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Ichor Price Performance

Shares of NASDAQ:ICHR traded up $0.23 on Monday, reaching $22.98. 32,402 shares of the company were exchanged, compared to its average volume of 340,465. The company has a current ratio of 3.09, a quick ratio of 1.32 and a debt-to-equity ratio of 0.17. Ichor Holdings, Ltd. has a 1-year low of $15.33 and a 1-year high of $37.23. The firm has a market cap of $784.08 million, a price-to-earnings ratio of -47.83 and a beta of 1.80. The company has a 50-day moving average of $19.27 and a 200-day moving average of $23.61.

Ichor (NASDAQ:ICHR - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The technology company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.14). The business had revenue of $244.47 million during the quarter, compared to analyst estimates of $244.95 million. Ichor had a negative net margin of 1.84% and a negative return on equity of 0.63%. Ichor's revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.09) earnings per share. Equities analysts forecast that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ICHR has been the topic of a number of research reports. DA Davidson cut their price objective on shares of Ichor from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. TD Cowen decreased their price objective on shares of Ichor from $38.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Stifel Nicolaus decreased their price target on shares of Ichor from $35.00 to $28.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Oppenheimer reduced their target price on shares of Ichor from $35.00 to $25.00 and set a "market perform" rating on the stock in a research note on Friday, April 11th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Ichor in a research report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target 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.