Jump Financial LLC Sells 16,884 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Jump Financial LLC trimmed its holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 48.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,666 shares of the technology company's stock after selling 16,884 shares during the quarter. Jump Financial LLC owned about 0.05% of Ichor worth $569,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. KBC Group NV raised its position in shares of Ichor by 83.5% during the fourth quarter. KBC Group NV now owns 2,086 shares of the technology company's stock worth $67,000 after acquiring an additional 949 shares during the last quarter. Globeflex Capital L P acquired a new position in Ichor during the 4th quarter valued at about $93,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Ichor during the 4th quarter worth approximately $193,000. Meeder Asset Management Inc. raised its stake in shares of Ichor by 12.6% during the fourth quarter. Meeder Asset Management Inc. now owns 6,049 shares of the technology company's stock worth $195,000 after buying an additional 675 shares during the last quarter. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of Ichor during the fourth quarter worth approximately $201,000. 94.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ICHR shares. TD Cowen lowered their target price on shares of Ichor from $40.00 to $38.00 and set a "buy" rating for the company in a report on Friday, January 17th. StockNews.com cut Ichor from a "hold" rating to a "sell" rating in a research note on Thursday, April 10th. Oppenheimer reduced their target price on Ichor from $35.00 to $25.00 and set a "market perform" rating on the stock in a report on Friday, April 11th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Ichor in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $40.17.

Ichor Stock Down 3.6 %

ICHR traded down $0.77 during trading on Tuesday, reaching $20.33. The company had a trading volume of 85,225 shares, compared to its average volume of 348,712. The company has a market cap of $693.35 million, a P/E ratio of -31.27 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's fifty day moving average price is $23.83 and its 200 day moving average price is $28.53.

Ichor (NASDAQ:ICHR - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.14). Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. Equities analysts anticipate that Ichor Holdings, Ltd. will post 1.01 EPS for the current year.

Insiders Place Their Bets

In other news, Director Jorge Titinger sold 3,000 shares of the firm'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 transaction, the director now owns 9,832 shares in the company, valued at $315,017.28. This trade represents a 23.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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.