Nuveen Asset Management LLC Boosts Stake in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Nuveen Asset Management LLC grew its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 18.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 777,289 shares of the technology company's stock after buying an additional 122,280 shares during the period. Nuveen Asset Management LLC owned 2.30% of Ichor worth $25,044,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oberweis Asset Management Inc. bought a new position in Ichor in the 4th quarter worth about $10,884,000. Raymond James Financial Inc. purchased a new stake in Ichor during the 4th quarter valued at $8,489,000. JPMorgan Chase & Co. lifted its holdings in Ichor by 73.6% in the fourth quarter. JPMorgan Chase & Co. now owns 590,630 shares of the technology company's stock valued at $19,030,000 after acquiring an additional 250,383 shares during the period. Royce & Associates LP lifted 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 purchasing an additional 145,278 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Ichor by 6.9% during 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 buying an additional 111,337 shares during the period. 94.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on ICHR. Wall Street Zen cut Ichor from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. Needham & Company LLC restated a "hold" rating on shares of Ichor in a report on Tuesday, May 6th. Stifel Nicolaus cut their price objective on Ichor from $35.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Oppenheimer decreased their target price on Ichor from $35.00 to $25.00 and set a "market perform" rating for the company in a research report on Friday, April 11th. Finally, TD Cowen cut their price target 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. One 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, Ichor has an average rating of "Hold" and an average price target of $34.00.

Ichor Stock Down 1.9%

NASDAQ:ICHR traded down $0.32 during mid-day trading on Wednesday, reaching $16.62. The company's stock had a trading volume of 121,975 shares, compared to its average volume of 323,389. 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 1 year low of $15.38 and a 1 year high of $42.70. The stock has a fifty day moving average of $19.45 and a 200-day moving average of $26.97. The firm has a market capitalization of $567.01 million, a PE ratio of -25.57 and a beta of 1.83.

Ichor (NASDAQ:ICHR - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The technology company reported $0.12 earnings per share (EPS) 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 firm had revenue of $244.47 million during the quarter, compared to analysts' expectations of $244.95 million. During the same period in the prior year, the firm posted ($0.09) earnings per share. Ichor's revenue for the quarter was up 21.4% compared to the same quarter last year. Equities research analysts forecast that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In other Ichor news, CEO Jeff Andreson purchased 10,000 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were bought at an average price of $16.86 per share, for a total transaction of $168,600.00. Following the acquisition, the chief executive officer now owns 285,594 shares in the company, valued at $4,815,114.84. This represents a 3.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.90% of the company's stock.

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.