Mackenzie Financial Corp Purchases New Shares in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Mackenzie Financial Corp purchased a new position in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,172 shares of the technology company's stock, valued at approximately $682,000. Mackenzie Financial Corp owned about 0.06% of Ichor at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Tower Research Capital LLC TRC raised its position in shares of Ichor by 52.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company's stock worth $147,000 after purchasing an additional 1,578 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Ichor by 5.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,780 shares of the technology company's stock worth $605,000 after purchasing an additional 959 shares during the period. Barclays PLC boosted its position in shares of Ichor by 377.6% during the 3rd quarter. Barclays PLC now owns 56,787 shares of the technology company's stock valued at $1,808,000 after acquiring an additional 44,897 shares during the last quarter. Hodges Capital Management Inc. raised its holdings in Ichor by 52.0% during the 4th quarter. Hodges Capital Management Inc. now owns 217,125 shares of the technology company's stock valued at $6,996,000 after buying an additional 74,255 shares during the period. 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 worth $2,133,000 after purchasing an additional 900 shares during the period. 94.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Jeff Andreson purchased 10,000 shares of Ichor stock in a transaction that occurred on 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 transaction, the chief executive officer now 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ICHR has been the topic of a number of research analyst reports. Oppenheimer dropped their price target on Ichor from $35.00 to $25.00 and set a "market perform" rating on the stock in a research note on Friday, April 11th. Wall Street Zen lowered Ichor from a "hold" rating to a "sell" rating in a research note on Thursday, April 10th. Stifel Nicolaus cut their target price on Ichor from $35.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. TD Cowen decreased their price target on Ichor from $38.00 to $28.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Finally, DA Davidson cut their price target on Ichor from $50.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. One investment 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. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $34.00.

Ichor Stock Performance

Shares of NASDAQ:ICHR traded down $0.07 during midday trading on Thursday, hitting $17.57. The company's stock had a trading volume of 302,093 shares, compared to its average volume of 333,003. Ichor Holdings, Ltd. has a fifty-two week low of $15.33 and a fifty-two week high of $42.70. The stock has a market capitalization of $599.49 million, a price-to-earnings ratio of -27.03 and a beta of 1.83. The stock's 50 day simple moving average is $18.34 and its 200 day simple moving average is $26.37. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 3.34.

Ichor (NASDAQ:ICHR - Get Free Report) last posted its quarterly earnings data 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). 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 during the quarter, compared to the consensus estimate of $244.95 million. During the same quarter last year, the firm earned ($0.09) EPS. The business's revenue for the quarter was up 21.4% on a year-over-year basis. As a group, research analysts anticipate 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.