Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 45,761 Ichor Holdings, Ltd. (NASDAQ:ICHR)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 45,761 shares of the technology company's stock, valued at approximately $1,474,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.14% of Ichor at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in shares of Ichor by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,724,058 shares of the technology company's stock worth $55,547,000 after purchasing an additional 111,337 shares in the last quarter. Royce & Associates LP increased its stake in shares of Ichor by 20.2% in the fourth quarter. Royce & Associates LP now owns 864,245 shares of the technology company's stock worth $27,846,000 after purchasing an additional 145,278 shares in the last quarter. Nuveen Asset Management LLC increased its stake in shares of Ichor by 18.7% in the fourth quarter. Nuveen Asset Management LLC now owns 777,289 shares of the technology company's stock worth $25,044,000 after purchasing an additional 122,280 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Ichor by 73.6% in the fourth quarter. JPMorgan Chase & Co. now owns 590,630 shares of the technology company's stock worth $19,030,000 after purchasing an additional 250,383 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Ichor by 6.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 502,293 shares of the technology company's stock worth $16,184,000 after purchasing an additional 29,536 shares in the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ICHR shares. Needham & Company LLC reissued a "hold" rating on shares of Ichor in a research note on Tuesday, May 6th. DA Davidson reduced their price objective 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. Stifel Nicolaus reduced their price objective on shares of Ichor from $35.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. TD Cowen cut their target price on shares of Ichor from $38.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Finally, Wall Street Zen cut shares of Ichor from a "hold" rating to a "sell" rating in a research note on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $34.00.

Ichor Price Performance

ICHR stock traded up $0.47 during trading on Friday, hitting $18.04. 352,280 shares of the company's stock traded hands, compared to its average volume of 334,022. Ichor Holdings, Ltd. has a 52 week low of $15.33 and a 52 week high of $42.70. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 3.34. The business has a fifty day simple moving average of $18.16 and a 200 day simple moving average of $26.20. The stock has a market capitalization of $615.52 million, a price-to-earnings ratio of -27.75 and a beta of 1.76.

Ichor (NASDAQ:ICHR - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.14). The business had revenue of $244.47 million for the quarter, compared to the consensus estimate of $244.95 million. Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. Ichor's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter last year, the business earned ($0.09) EPS. As a group, research analysts expect that Ichor Holdings, Ltd. will post 1.01 EPS for the current fiscal year.

Insider Activity at Ichor

In other Ichor news, CEO Jeff Andreson bought 10,000 shares of the business's stock in a transaction on Thursday, May 8th. The shares were acquired at an average price of $16.86 per share, with a total value of $168,600.00. Following the transaction, the chief executive officer now owns 285,594 shares of the company's stock, valued at approximately $4,815,114.84. This trade represents a 3.63% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by company 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.