Dimensional Fund Advisors LP raised its holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 6.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,724,058 shares of the technology company's stock after purchasing an additional 111,337 shares during the period. Dimensional Fund Advisors LP owned 5.11% of Ichor worth $55,547,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Alpha DNA Investment Management LLC acquired a new stake in Ichor during the 4th quarter valued at $421,000. Marshall Wace LLP increased its position in Ichor by 35.9% during the 4th quarter. Marshall Wace LLP now owns 110,060 shares of the technology company's stock worth $3,546,000 after purchasing an additional 29,051 shares in the last quarter. Gamco Investors INC. ET AL purchased a new stake in Ichor during the 4th quarter worth about $445,000. Barclays PLC raised its stake in Ichor by 4.1% in the 4th quarter. Barclays PLC now owns 59,106 shares of the technology company's stock valued at $1,905,000 after purchasing an additional 2,319 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Ichor in the 4th quarter valued at about $8,489,000. 94.81% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
ICHR has been the subject of a number of analyst reports. Needham & Company LLC reissued a "hold" rating on shares of Ichor in a research report on Wednesday, February 5th. StockNews.com lowered Ichor from a "hold" rating to a "sell" rating in a research note on Thursday, April 10th. Oppenheimer lowered their price objective on 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, TD Cowen reduced their target price on Ichor from $40.00 to $38.00 and set a "buy" rating on the stock in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Ichor currently has an average rating of "Moderate Buy" and a consensus price target of $40.17.
View Our Latest Report on Ichor
Insider Activity at Ichor
In other news, Director Jorge Titinger sold 3,000 shares of the company's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.04, for a total value of $96,120.00. Following the completion of the sale, the director now owns 9,832 shares of the company's stock, valued at $315,017.28. This represents a 23.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is owned by insiders.
Ichor Stock Performance
Shares of NASDAQ:ICHR opened at $20.99 on Friday. The firm has a market capitalization of $716.03 million, a PE ratio of -32.29 and a beta of 1.88. Ichor Holdings, Ltd. has a 12 month low of $15.84 and a 12 month high of $42.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.34 and a quick ratio of 1.49. The business has a 50-day moving average of $22.83 and a two-hundred day moving average of $28.29.
Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.14). Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. As a group, research analysts forecast that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.
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.
See Also
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