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

Northern Trust Corp increased its position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 8.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 377,538 shares of the technology company's stock after buying an additional 30,655 shares during the period. Northern Trust Corp owned 1.12% of Ichor worth $12,164,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. KBC Group NV lifted its stake in Ichor by 83.5% in the 4th quarter. KBC Group NV now owns 2,086 shares of the technology company's stock worth $67,000 after purchasing an additional 949 shares in the last quarter. Quarry LP lifted its holdings in shares of Ichor by 54.9% during the fourth quarter. Quarry LP now owns 2,426 shares of the technology company's stock valued at $78,000 after purchasing an additional 860 shares during the last quarter. Globeflex Capital L P bought a new stake in shares of Ichor in the 4th quarter worth approximately $93,000. Tower Research Capital LLC TRC grew its stake in shares of Ichor by 52.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company's stock worth $147,000 after buying an additional 1,578 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Ichor during the 4th quarter valued at approximately $193,000. Institutional investors and hedge funds own 94.81% of the company's stock.

Wall Street Analyst Weigh In

ICHR has been the subject of a number of research analyst reports. DA Davidson reduced their price target on shares of Ichor from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Stifel Nicolaus decreased their target price on shares of Ichor from $35.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. TD Cowen dropped their price objective on Ichor from $38.00 to $28.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of Ichor in a research note on Tuesday, May 6th. Finally, Oppenheimer lowered their price target on shares of Ichor from $35.00 to $25.00 and set a "market perform" rating on the stock in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $34.00.

Insider Buying and Selling

In other Ichor news, CEO Jeff Andreson purchased 10,000 shares of the firm'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 acquisition, the chief executive officer now directly owns 285,594 shares of the company's stock, valued at approximately $4,815,114.84. This represents a 3.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.90% of the stock is currently owned by corporate insiders.

Ichor Price Performance

Shares of Ichor stock traded down $1.01 on Wednesday, reaching $16.80. The company's stock had a trading volume of 254,391 shares, compared to its average volume of 370,106. The company has a quick ratio of 1.49, a current ratio of 3.34 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $573.05 million, a P/E ratio of -25.79 and a beta of 1.83. Ichor Holdings, Ltd. has a 52-week low of $15.38 and a 52-week high of $42.70. The stock has a 50-day moving average price of $20.50 and a 200-day moving average price of $27.49.

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

About Ichor

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.