Ichor Holdings, Ltd. (NASDAQ:ICHR) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its position in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 42.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 85,200 shares of the technology company's stock after selling 63,200 shares during the period. Renaissance Technologies LLC owned about 0.25% of Ichor worth $2,745,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in Ichor in the 4th quarter valued at about $8,489,000. JPMorgan Chase & Co. grew its position 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 valued at $19,030,000 after purchasing an additional 250,383 shares during the last quarter. Royce & Associates LP increased its stake in shares of Ichor by 20.2% during the 4th 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. Hodges Capital Management Inc. raised its position in shares of Ichor by 52.0% during the 4th quarter. Hodges Capital Management Inc. now owns 217,125 shares of the technology company's stock worth $6,996,000 after purchasing an additional 74,255 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Ichor by 66.1% in the 4th quarter. Franklin Resources Inc. now owns 133,573 shares of the technology company's stock valued at $4,304,000 after buying an additional 53,134 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company's stock.

Ichor Stock Down 0.8 %

Shares of ICHR stock traded down $0.15 during trading hours on Wednesday, reaching $19.78. The company had a trading volume of 316,601 shares, compared to its average volume of 312,296. The company has a market capitalization of $674.76 million, a P/E ratio of -30.43 and a beta of 1.88. 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 Holdings, Ltd. has a twelve month low of $15.84 and a twelve month high of $42.70. The stock's fifty day simple moving average is $23.26 and its 200 day simple moving average is $28.41.

Ichor (NASDAQ:ICHR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (EPS) 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, sell-side analysts expect that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ICHR. Needham & Company LLC reissued a "hold" rating on shares of Ichor in a report on Wednesday, February 5th. TD Cowen cut their target price on shares of Ichor from $40.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, January 17th. StockNews.com downgraded shares of Ichor from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. Finally, Oppenheimer reduced their price objective on shares of Ichor from $35.00 to $25.00 and set a "market perform" rating on the stock in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $40.17.

Insider Activity

In other news, Director Jorge Titinger sold 3,000 shares of the business's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $32.04, for a total transaction of $96,120.00. Following the completion of the transaction, the director now owns 9,832 shares of the company's stock, valued at approximately $315,017.28. The trade was a 23.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.90% of the company's stock.

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.