Needham Investment Management LLC Invests $1.35 Million in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Needham Investment Management LLC acquired a new stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 42,000 shares of the technology company's stock, valued at approximately $1,353,000. Needham Investment Management LLC owned about 0.12% of Ichor at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Janney Montgomery Scott LLC lifted its holdings in shares of Ichor by 1.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 21,531 shares of the technology company's stock valued at $694,000 after purchasing an additional 373 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Ichor by 1.1% in the 4th quarter. Victory Capital Management Inc. now owns 44,131 shares of the technology company's stock valued at $1,422,000 after acquiring an additional 467 shares during the period. Meeder Asset Management Inc. increased its position in shares of Ichor by 12.6% in the 4th quarter. Meeder Asset Management Inc. now owns 6,049 shares of the technology company's stock valued at $195,000 after acquiring an additional 675 shares during the period. Quarry LP increased its position in shares of Ichor by 54.9% in the 4th quarter. Quarry LP now owns 2,426 shares of the technology company's stock valued at $78,000 after acquiring an additional 860 shares during the period. Finally, Swiss National Bank increased its position in shares of Ichor by 1.4% in the 4th quarter. Swiss National Bank now owns 66,200 shares of the technology company's stock valued at $2,133,000 after acquiring an additional 900 shares during the period. Hedge funds and other institutional investors own 94.81% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ICHR shares. TD Cowen cut their target price on Ichor from $38.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. StockNews.com downgraded Ichor from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th. Stifel Nicolaus cut their price target on Ichor from $35.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Oppenheimer cut their price target on Ichor from $35.00 to $25.00 and set a "market perform" rating on the stock in a research report on Friday, April 11th. Finally, DA Davidson cut their price target on Ichor from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Ichor has a consensus rating of "Hold" and an average price target of $34.00.

Insider Buying and Selling

In other news, CEO Jeff Andreson acquired 10,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were bought at an average cost of $16.86 per share, for a total transaction of $168,600.00. Following the acquisition, the chief executive officer now owns 285,594 shares in the company, valued at approximately $4,815,114.84. This represents a 3.63% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is currently owned by insiders.

Ichor Price Performance

Shares of Ichor stock traded down $0.68 on Friday, hitting $18.30. The company's stock had a trading volume of 455,367 shares, compared to its average volume of 322,066. 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 1 year low of $15.38 and a 1 year high of $42.70. The firm has a fifty day moving average price of $20.80 and a 200-day moving average price of $27.63. The company has a market capitalization of $624.40 million, a price-to-earnings ratio of -28.15 and a beta of 1.83.

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

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.