Ichor Holdings, Ltd. (NASDAQ:ICHR) Shares Acquired by Royce & Associates LP

Key Points

• Royce & Associates LP increased its stake in Ichor Holdings, Ltd. by 7.9%, owning approximately 932,925 shares valued at $21.09 million as of the latest SEC filing.
• CEO Jeff Andreson purchased 10,000 shares at an average price of $16.86, increasing his position by 3.63% and bringing his total holdings to 285,594 shares.
• The company's last earnings report indicated a miss on EPS estimates, posting $0.12 against a consensus of $0.26 and revenue slightly lower than expected at $244.47 million.

Royce & Associates LP boosted its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 7.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 932,925 shares of the technology company's stock after buying an additional 68,680 shares during the period. Royce & Associates LP owned approximately 2.73% of Ichor worth $21,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in Ichor by 6.9% during the 4th 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 in the last quarter. Nuveen Asset Management LLC increased its position in Ichor by 18.7% during the 4th quarter. Nuveen Asset Management LLC now owns 777,289 shares of the technology company's stock valued at $25,044,000 after buying an additional 122,280 shares in the last quarter. JPMorgan Chase & Co. increased its position in Ichor by 73.6% during the 4th quarter. JPMorgan Chase & Co. now owns 590,630 shares of the technology company's stock valued at $19,030,000 after buying an additional 250,383 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Ichor by 34.4% in the fourth quarter. Bank of America Corp DE now owns 418,567 shares of the technology company's stock valued at $13,486,000 after purchasing an additional 107,154 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Ichor by 8.8% in the fourth quarter. Northern Trust Corp now owns 377,538 shares of the technology company's stock valued at $12,164,000 after purchasing an additional 30,655 shares during the period. 94.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ichor

In other Ichor news, CEO Jeff Andreson purchased 10,000 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer owned 285,594 shares of the company's stock, valued at $4,815,114.84. This trade represents a 3.63% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.90% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ICHR shares. Oppenheimer cut their price objective on Ichor from $35.00 to $25.00 and set a "market perform" rating on the stock in a report on Friday, April 11th. DA Davidson cut their price objective on Ichor from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Wall Street Zen lowered Ichor from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. B. Riley reissued a "buy" rating and issued a $30.00 price objective (up from $23.00) on shares of Ichor in a report on Friday, July 11th. Finally, TD Cowen cut their price objective on 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 given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Ichor presently has a consensus rating of "Hold" and an average price target of $32.67.

Ichor Stock Performance

Shares of ICHR traded down $0.39 during mid-day trading on Friday, reaching $20.66. The company had a trading volume of 322,703 shares, compared to its average volume of 395,672. Ichor Holdings, Ltd. has a 52-week low of $15.33 and a 52-week high of $36.48. 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 market capitalization of $704.92 million, a P/E ratio of -43.04 and a beta of 1.80. The stock has a 50 day moving average of $19.53 and a two-hundred day moving average of $23.34.

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). The company had revenue of $244.47 million during the quarter, compared to analysts' expectations of $244.95 million. Ichor had a negative return on equity of 0.63% and a negative net margin of 1.84%. The firm's quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.09) EPS. On average, analysts expect that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

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.