Register Financial Advisors LLC Takes Position in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Register Financial Advisors LLC purchased a new stake in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 15,400 shares of the technology company's stock, valued at approximately $348,000.

Other institutional investors also recently modified their holdings of the company. Rhumbline Advisers grew its holdings in Ichor by 0.9% during the 1st quarter. Rhumbline Advisers now owns 99,149 shares of the technology company's stock valued at $2,242,000 after buying an additional 839 shares in the last quarter. GAMMA Investing LLC grew its stake in Ichor by 1,273.8% during the first quarter. GAMMA Investing LLC now owns 18,766 shares of the technology company's stock valued at $4,240,000 after acquiring an additional 17,400 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Ichor during the fourth quarter valued at approximately $1,474,000. Mackenzie Financial Corp bought a new stake in Ichor during the 4th quarter worth approximately $682,000. Finally, PharVision Advisers LLC purchased a new stake in Ichor in the 4th quarter worth approximately $331,000. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Ichor Trading Up 11.0%

NASDAQ ICHR traded up $1.90 during trading on Tuesday, hitting $19.11. The company had a trading volume of 495,749 shares, compared to its average volume of 336,191. The company's fifty day moving average is $18.03 and its 200-day moving average is $24.92. Ichor Holdings, Ltd. has a one year low of $15.33 and a one year high of $42.70. The company has a current ratio of 3.09, a quick ratio of 1.32 and a debt-to-equity ratio of 0.17. The company has a market cap of $652.03 million, a price-to-earnings ratio of -39.81 and a beta of 1.76.

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 analysts' consensus estimates of $0.26 by ($0.14). Ichor had a negative return on equity of 0.63% and a negative net margin of 1.84%. The company had revenue of $244.47 million during the quarter, compared to the consensus estimate of $244.95 million. During the same period in the previous year, the company earned ($0.09) earnings per share. Ichor's quarterly revenue was up 21.4% on a year-over-year basis. On average, sell-side analysts predict that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

ICHR has been the topic of several research analyst reports. 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 report on Tuesday, May 6th. Oppenheimer decreased their target price 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. TD Cowen lowered their price target on Ichor from $38.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. DA Davidson cut their price objective on Ichor from $50.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Finally, Wall Street Zen cut shares of Ichor from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $34.00.

Insider Activity at Ichor

In related news, CEO Jeff Andreson acquired 10,000 shares of the stock in a transaction on Thursday, May 8th. The stock was acquired at an average price of $16.86 per share, for a total transaction of $168,600.00. Following the completion of the purchase, the chief executive officer now owns 285,594 shares of the company's stock, valued at $4,815,114.84. This represents a 3.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

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.