Squarepoint Ops LLC decreased its position in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 41.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,577 shares of the technology company's stock after selling 16,438 shares during the period. Squarepoint Ops LLC owned approximately 0.07% of Ichor worth $760,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in ICHR. Janney Montgomery Scott LLC grew its stake in Ichor by 1.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 21,531 shares of the technology company's stock valued at $694,000 after acquiring an additional 373 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Ichor by 1.1% during the 4th quarter. Victory Capital Management Inc. now owns 44,131 shares of the technology company's stock valued at $1,422,000 after purchasing an additional 467 shares in the last quarter. Meeder Asset Management Inc. grew its position in shares of Ichor by 12.6% in the 4th quarter. Meeder Asset Management Inc. now owns 6,049 shares of the technology company's stock valued at $195,000 after purchasing an additional 675 shares during the period. Quarry LP increased its stake in Ichor by 54.9% during the 4th quarter. Quarry LP now owns 2,426 shares of the technology company's stock worth $78,000 after purchasing an additional 860 shares in the last quarter. Finally, Swiss National Bank raised its holdings in Ichor by 1.4% during the 4th quarter. Swiss National Bank now owns 66,200 shares of the technology company's stock worth $2,133,000 after buying an additional 900 shares during the period. Institutional investors own 94.81% of the company's stock.
Wall Street Analyst Weigh In
ICHR has been the subject of several research reports. Stifel Nicolaus lowered their price objective on shares of Ichor from $35.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. DA Davidson lowered their target price on Ichor from $50.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Needham & Company LLC restated a "hold" rating on shares of Ichor in a report on Tuesday, May 6th. TD Cowen decreased their price objective on Ichor from $38.00 to $28.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Finally, Oppenheimer dropped their target price on Ichor from $35.00 to $25.00 and set a "market perform" rating on the stock in a research report on Friday, April 11th. One investment 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 data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $34.00.
Read Our Latest Report on Ichor
Ichor Stock Up 1.2%
ICHR traded up $0.21 on Thursday, hitting $17.85. 149,227 shares of the company were exchanged, compared to its average volume of 333,023. Ichor Holdings, Ltd. has a 12 month low of $15.33 and a 12 month high of $42.70. The company has a market cap of $608.87 million, a PE ratio of -27.45 and a beta of 1.83. The stock's fifty day moving average is $18.34 and its 200-day moving average is $26.37. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 3.34.
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 for the quarter, missing the consensus estimate 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 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 prior year, the company earned ($0.09) earnings per share. The firm's revenue was up 21.4% compared to the same quarter last year. Equities research analysts predict that Ichor Holdings, Ltd. will post 1.01 EPS for the current fiscal year.
Insider Transactions at Ichor
In other news, CEO Jeff Andreson acquired 10,000 shares of the stock in a transaction dated Thursday, May 8th. The stock was bought at an average price of $16.86 per share, with a total value of $168,600.00. Following the completion of the purchase, the chief executive officer now directly owns 285,594 shares of the company's stock, valued at $4,815,114.84. This represents a 3.63% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.90% of the company's stock.
About Ichor
(
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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