Ichor Holdings, Ltd. (NASDAQ:ICHR) Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has increased its stake in Ichor Holdings by 139.3%, acquiring 63,744 shares to own a total of 109,505 shares, valued at approximately $2,476,000.
• Despite a 21.4% increase in revenue compared to the previous year, Ichor Holdings reported earnings per share of $0.12, falling short of the consensus estimate of $0.26.
• A range of analysts have given mixed ratings on Ichor, with target prices varying; B. Riley set a new target price of $30.00, while others adjusted theirs downward recently.

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 139.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 109,505 shares of the technology company's stock after purchasing an additional 63,744 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.32% of Ichor worth $2,476,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Quarry LP raised its position in Ichor by 54.9% in the fourth quarter. Quarry LP now owns 2,426 shares of the technology company's stock valued at $78,000 after purchasing an additional 860 shares during the period. Tower Research Capital LLC TRC raised its position in Ichor by 52.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company's stock valued at $147,000 after purchasing an additional 1,578 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Ichor in the fourth quarter valued at approximately $193,000. Meeder Asset Management Inc. raised its position in Ichor by 12.6% in the fourth 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. Finally, Dark Forest Capital Management LP purchased a new stake in Ichor in the fourth quarter valued at approximately $268,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wall Street Zen lowered Ichor from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th. B. Riley reissued a "buy" rating and set a $30.00 target price (up from $23.00) on shares of Ichor in a research note on Friday, July 11th. DA Davidson lowered 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. Needham & Company LLC reissued a "hold" rating on shares of Ichor in a research note on Tuesday, May 6th. Finally, Oppenheimer lowered 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. One research 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. Based on data from MarketBeat, Ichor currently has an average rating of "Hold" and an average target price of $32.67.

Ichor Stock Down 2.1%

NASDAQ:ICHR traded down $0.41 during trading hours on Friday, hitting $19.38. The company's stock had a trading volume of 429,175 shares, compared to its average volume of 366,763. The stock has a market capitalization of $661.25 million, a P/E ratio of -40.38 and a beta of 1.75. The stock has a fifty day moving average of $19.86 and a 200-day moving average of $22.95. The company has a current ratio of 3.09, a quick ratio of 1.32 and a debt-to-equity ratio of 0.17. Ichor Holdings, Ltd. has a 52-week low of $15.33 and a 52-week high of $36.48.

Ichor (NASDAQ:ICHR - Get Free Report) last posted its earnings results 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 during the quarter, compared to analysts' expectations of $244.95 million. Ichor had a negative net margin of 1.84% and a negative return on equity of 0.63%. The business's quarterly revenue was up 21.4% compared to the same quarter last year. During the same period last year, the company earned ($0.09) EPS. On average, equities analysts forecast that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

Insider Buying and Selling

In other Ichor news, CEO Jeff Andreson bought 10,000 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were purchased at an average price of $16.86 per share, with a total value of $168,600.00. Following the completion of the acquisition, the chief executive officer directly owned 285,594 shares of the company's stock, valued at $4,815,114.84. This represents a 3.63% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is owned by company insiders.

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.