Register Financial Advisors LLC acquired a new stake in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,400 shares of the technology company's stock, valued at approximately $348,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Quarry LP lifted its stake in shares of Ichor by 54.9% in the fourth quarter. Quarry LP now owns 2,426 shares of the technology company's stock worth $78,000 after acquiring an additional 860 shares in the last quarter. Globeflex Capital L P purchased a new position in shares of Ichor during the 4th quarter valued at approximately $93,000. Tower Research Capital LLC TRC boosted 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 valued at $147,000 after buying an additional 1,578 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Ichor during the 4th quarter valued at approximately $193,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of 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 buying an additional 675 shares during the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.
Ichor Stock Performance
ICHR stock traded down $0.25 during midday trading on Friday, reaching $17.21. The company had a trading volume of 544,124 shares, compared to its average volume of 334,757. The company has a quick ratio of 1.32, a current ratio of 3.09 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average price of $18.04 and a 200 day moving average price of $25.03. Ichor Holdings, Ltd. has a fifty-two week low of $15.33 and a fifty-two week high of $42.70. The firm has a market capitalization of $587.21 million, a PE ratio of -35.85 and a beta of 1.76.
Ichor (NASDAQ:ICHR - Get Free Report) last issued its earnings results on Monday, May 5th. The technology company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.14). Ichor had a negative net margin of 1.84% and a negative return on equity of 0.63%. The company had revenue of $244.47 million during the quarter, compared to analyst estimates of $244.95 million. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. The business's revenue was up 21.4% on a year-over-year basis. Analysts anticipate that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts have recently commented on the company. Oppenheimer reduced their target price on Ichor from $35.00 to $25.00 and set a "market perform" rating for the company in a research note on Friday, April 11th. DA Davidson reduced their target price on Ichor from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. TD Cowen decreased their price target on Ichor from $38.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Stifel Nicolaus decreased their price target on Ichor from $35.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Ichor in a research note on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $34.00.
Check Out Our Latest Stock Analysis on Ichor
Insider Buying and Selling at Ichor
In other Ichor news, CEO Jeff Andreson acquired 10,000 shares of Ichor stock in a transaction dated Thursday, May 8th. The stock was acquired at an average cost of $16.86 per share, for a total transaction of $168,600.00. Following the completion of the transaction, the chief executive officer now owns 285,594 shares in the company, valued at approximately $4,815,114.84. This represents a 3.63% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.90% of the stock is currently owned by insiders.
Ichor Company Profile
(
Free Report)
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.
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