Needham Investment Management LLC purchased 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 13F filing with the SEC. The firm purchased 42,000 shares of the technology company's stock, valued at approximately $1,353,000. Needham Investment Management LLC owned approximately 0.12% of Ichor at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its holdings in Ichor by 52.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company's stock valued at $147,000 after buying an additional 1,578 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Ichor by 157.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 340,247 shares of the technology company's stock valued at $10,823,000 after buying an additional 208,328 shares in the last quarter. Barclays PLC grew its holdings in Ichor by 377.6% during the 3rd quarter. Barclays PLC now owns 56,787 shares of the technology company's stock valued at $1,808,000 after buying an additional 44,897 shares in the last quarter. Hodges Capital Management Inc. grew its holdings in Ichor by 52.0% during the 4th quarter. Hodges Capital Management Inc. now owns 217,125 shares of the technology company's stock valued at $6,996,000 after buying an additional 74,255 shares in the last quarter. Finally, Swiss National Bank grew its holdings in Ichor by 1.4% during the 4th quarter. Swiss National Bank now owns 66,200 shares of the technology company's stock valued at $2,133,000 after buying an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company's stock.
Analyst Ratings Changes
ICHR has been the subject of a number of recent research reports. Oppenheimer dropped their target price on Ichor from $35.00 to $25.00 and set a "market perform" rating for the company in a report on Friday, April 11th. Needham & Company LLC reiterated a "hold" rating on shares of Ichor in a report on Tuesday, May 6th. TD Cowen dropped their target price on Ichor from $38.00 to $28.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. StockNews.com cut Ichor from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. Finally, DA Davidson dropped their target price on Ichor from $50.00 to $45.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. One 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's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $34.00.
View Our Latest Report on Ichor
Ichor Stock Down 3.6%
NASDAQ ICHR traded down $0.68 on Friday, reaching $18.30. 455,367 shares of the stock traded hands, compared to its average volume of 321,985. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 3.34. The company has a fifty day moving average price of $20.93 and a 200-day moving average price of $27.70. The company has a market cap of $624.40 million, a price-to-earnings ratio of -28.15 and a beta of 1.83. Ichor Holdings, Ltd. has a 12 month low of $15.38 and a 12 month high of $42.70.
Ichor (NASDAQ:ICHR - Get Free Report) last issued its earnings results on Monday, May 5th. The technology company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.14). The firm had revenue of $244.47 million for the quarter, compared to the consensus estimate of $244.95 million. Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. The company's revenue for the quarter was up 21.4% on a year-over-year basis. During the same period last year, the firm earned ($0.09) earnings per share. As a group, research analysts forecast that Ichor Holdings, Ltd. will post 1.01 EPS for the current fiscal year.
Insider Buying and Selling at Ichor
In related news, CEO Jeff Andreson purchased 10,000 shares of Ichor stock in a transaction dated Thursday, May 8th. The stock was purchased at an average cost of $16.86 per share, with a total value of $168,600.00. Following the transaction, the chief executive officer now owns 285,594 shares in the company, valued at approximately $4,815,114.84. The trade was a 3.63% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.
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.
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