Tudor Investment Corp ET AL lowered its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 69.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,544 shares of the technology company's stock after selling 79,115 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.10% of Ichor worth $1,113,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Quarry LP grew its position in Ichor by 54.9% in the fourth quarter. Quarry LP now owns 2,426 shares of the technology company's stock worth $78,000 after buying an additional 860 shares during the last quarter. Oberweis Asset Management Inc. acquired a new position in Ichor in the 4th quarter worth about $10,884,000. Price T Rowe Associates Inc. MD grew its stake in shares of Ichor by 21.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,016 shares of the technology company's stock valued at $420,000 after buying an additional 2,327 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in Ichor in the fourth quarter worth approximately $268,000. Finally, Stifel Financial Corp raised its position in Ichor by 1.9% during the fourth quarter. Stifel Financial Corp now owns 51,749 shares of the technology company's stock valued at $1,667,000 after acquiring an additional 944 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors.
Ichor Price Performance
Ichor stock traded up $0.27 during mid-day trading on Friday, hitting $16.99. 485,782 shares of the company were exchanged, compared to its average volume of 318,160. Ichor Holdings, Ltd. has a 1-year low of $15.38 and a 1-year high of $42.70. The company has a market capitalization of $579.58 million, a PE ratio of -26.14 and a beta of 1.83. The business has a fifty day moving average of $21.65 and a 200 day moving average of $27.94. The company has a quick ratio of 1.49, a current ratio of 3.34 and a debt-to-equity ratio of 0.17.
Ichor (NASDAQ:ICHR - Get Free Report) last announced 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). 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 analyst estimates of $244.95 million. The business's quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.09) earnings per share. As a group, sell-side analysts expect that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.
Insider Transactions at Ichor
In related news, CEO Jeff Andreson purchased 10,000 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were bought at an average price of $16.86 per share, with a total value of $168,600.00. Following the purchase, the chief executive officer now directly owns 285,594 shares in the company, valued at $4,815,114.84. This trade represents a 3.63 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 1.90% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the stock. TD Cowen cut 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. StockNews.com downgraded Ichor from a "hold" rating to a "sell" rating in a research note on Thursday, April 10th. Needham & Company LLC reissued a "hold" rating on shares of Ichor in a research note on Tuesday, May 6th. DA Davidson reduced 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. Finally, Oppenheimer lowered 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. 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.com, the company currently has a consensus rating of "Hold" and a consensus target price of $34.00.
Read Our Latest Analysis on Ichor
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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