Squarepoint Ops LLC Sells 16,438 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Squarepoint Ops LLC decreased its position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 41.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,577 shares of the technology company's stock after selling 16,438 shares during the period. Squarepoint Ops LLC owned 0.07% of Ichor worth $760,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Oberweis Asset Management Inc. bought a new position in shares of Ichor in the fourth quarter worth about $10,884,000. Raymond James Financial Inc. acquired a new stake in Ichor in the 4th quarter valued at approximately $8,489,000. JPMorgan Chase & Co. increased its position in Ichor by 73.6% in the 4th quarter. JPMorgan Chase & Co. now owns 590,630 shares of the technology company's stock worth $19,030,000 after buying an additional 250,383 shares during the period. Royce & Associates LP increased its position in 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 buying an additional 145,278 shares during the period. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Ichor by 18.7% during the fourth quarter. Nuveen Asset Management LLC now owns 777,289 shares of the technology company's stock worth $25,044,000 after buying an additional 122,280 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Jeff Andreson purchased 10,000 shares of the stock in a transaction on Thursday, May 8th. The shares were purchased 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 directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.90% of the company's stock.

Ichor Stock Performance

ICHR stock traded up $0.47 during midday trading on Friday, hitting $18.04. The stock had a trading volume of 352,280 shares, compared to its average volume of 333,430. Ichor Holdings, Ltd. has a 52 week low of $15.33 and a 52 week high of $42.70. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. The stock has a 50-day simple moving average of $18.24 and a 200 day simple moving average of $26.28. The firm has a market capitalization of $615.52 million, a price-to-earnings ratio of -27.75 and a beta of 1.83.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings data 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 net margin of 2.45% and a negative return on equity of 1.38%. The business had revenue of $244.47 million during the quarter, compared to analyst estimates of $244.95 million. During the same quarter in the prior year, the company posted ($0.09) EPS. The company's quarterly revenue was up 21.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on ICHR. TD Cowen lowered their price objective on shares of Ichor from $38.00 to $28.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Wall Street Zen downgraded shares of 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 research report on Tuesday, May 6th. Oppenheimer cut their price objective on shares of 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, DA Davidson reduced their target price on shares of Ichor from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $34.00.

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.