Northern Trust Corp Grows Stock Holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Northern Trust Corp grew its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 8.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 377,538 shares of the technology company's stock after acquiring an additional 30,655 shares during the quarter. Northern Trust Corp owned about 1.12% of Ichor worth $12,164,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted 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 acquiring an additional 373 shares during the last quarter. Victory Capital Management Inc. lifted its stake 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 worth $1,422,000 after purchasing an additional 467 shares during the period. Meeder Asset Management Inc. lifted its stake 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 worth $195,000 after purchasing an additional 675 shares during the period. Quarry LP lifted its stake in shares of Ichor by 54.9% in the 4th quarter. Quarry LP now owns 2,426 shares of the technology company's stock worth $78,000 after purchasing an additional 860 shares during the period. Finally, Swiss National Bank lifted its stake 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 worth $2,133,000 after purchasing an additional 900 shares during the period. Hedge funds and other institutional investors own 94.81% of the company's stock.

Wall Street Analysts Forecast Growth

ICHR has been the topic of several recent research reports. DA Davidson lowered their price objective on shares of Ichor from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Needham & Company LLC reiterated a "hold" rating on shares of Ichor in a research note on Tuesday, May 6th. TD Cowen lowered their price target on shares of Ichor from $38.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Wall Street Zen downgraded shares of Ichor from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. Finally, Stifel Nicolaus lowered their price target on shares of Ichor from $35.00 to $28.00 and set a "buy" rating on the stock 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 issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $34.00.

Insider Activity

In other news, CEO Jeff Andreson acquired 10,000 shares of the company's stock in a transaction on Thursday, May 8th. The stock was bought at an average cost of $16.86 per share, with a total value of $168,600.00. Following the completion of the purchase, the chief executive officer now directly owns 285,594 shares of the company's stock, valued at $4,815,114.84. This represents a 3.63% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.90% of the company's stock.

Ichor Price Performance

Shares of Ichor stock traded up $0.11 on Thursday, hitting $16.73. 287,854 shares of the company traded hands, compared to its average volume of 323,218. The stock has a market capitalization of $570.83 million, a P/E ratio of -25.74 and a beta of 1.83. 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 52 week low of $15.38 and a 52 week high of $42.70. The business has a 50-day simple moving average of $20.08 and a 200 day simple moving average of $27.35.

Ichor (NASDAQ:ICHR - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.14). The company 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 quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.09) EPS. Research analysts expect that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current fiscal year.

Ichor 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.