Jane Street Group LLC Lowers Holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Jane Street Group LLC decreased its position in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 63.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,801 shares of the technology company's stock after selling 23,624 shares during the quarter. Jane Street Group LLC's holdings in Ichor were worth $445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of Ichor by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,724,058 shares of the technology company's stock valued at $55,547,000 after purchasing an additional 111,337 shares in the last quarter. Royce & Associates LP grew its stake in shares of Ichor by 20.2% in the 4th quarter. Royce & Associates LP now owns 864,245 shares of the technology company's stock worth $27,846,000 after buying an additional 145,278 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Ichor by 73.6% in the 4th quarter. JPMorgan Chase & Co. now owns 590,630 shares of the technology company's stock worth $19,030,000 after buying an additional 250,383 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Ichor by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 502,293 shares of the technology company's stock worth $16,184,000 after buying an additional 29,536 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Ichor by 8.8% during the 4th quarter. Northern Trust Corp now owns 377,538 shares of the technology company's stock valued at $12,164,000 after buying an additional 30,655 shares in the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

Ichor Trading Up 1.4%

ICHR traded up $0.24 during trading hours on Wednesday, reaching $17.64. 425,196 shares of the company's stock traded hands, compared to its average volume of 333,719. The firm has a 50-day moving average price of $18.45 and a 200 day moving average price of $26.43. The firm has a market capitalization of $601.88 million, a PE ratio of -27.14 and a beta of 1.83. The company has a quick ratio of 1.49, a current ratio of 3.34 and a debt-to-equity ratio of 0.17. Ichor Holdings, Ltd. has a 52-week low of $15.33 and a 52-week high of $42.70.

Ichor (NASDAQ:ICHR - Get Free Report) last released its earnings results on Monday, May 5th. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.14). The business had revenue of $244.47 million for the quarter, compared to the consensus estimate of $244.95 million. Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. The firm's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.09) earnings per share. As a group, sell-side analysts predict that Ichor Holdings, Ltd. will post 1.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. DA Davidson dropped 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. Needham & Company LLC reissued a "hold" rating on shares of Ichor 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 for the company in a research report on Tuesday, May 6th. 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 reduced their target price 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $34.00.

Insider Activity at Ichor

In related news, CEO Jeff Andreson bought 10,000 shares of the company's stock in a transaction 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 purchase, the chief executive officer now directly owns 285,594 shares of the company's stock, valued at approximately $4,815,114.84. The trade was a 3.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is currently owned by company insiders.

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.