Alliancebernstein L.P. Lowers Position in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Alliancebernstein L.P. lessened its holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 600,492 shares of the technology company's stock after selling 58,231 shares during the period. Alliancebernstein L.P. owned approximately 1.78% of Ichor worth $19,348,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Quarry LP raised its holdings in Ichor by 80.4% in the third quarter. Quarry LP now owns 1,566 shares of the technology company's stock valued at $50,000 after acquiring an additional 698 shares in the last quarter. KBC Group NV grew its holdings in shares of Ichor by 83.5% during the fourth quarter. KBC Group NV now owns 2,086 shares of the technology company's stock worth $67,000 after purchasing an additional 949 shares during the last quarter. Globeflex Capital L P acquired a new position in Ichor during the fourth quarter worth approximately $93,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Ichor by 28.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company's stock worth $153,000 after purchasing an additional 1,068 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in Ichor during the 4th quarter worth $193,000. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Ichor Price Performance

Shares of NASDAQ ICHR traded down $1.48 during trading on Friday, reaching $17.23. The company had a trading volume of 509,860 shares, compared to its average volume of 305,796. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $587.77 million, a PE ratio of -26.51 and a beta of 1.88. Ichor Holdings, Ltd. has a twelve month low of $15.84 and a twelve month high of $42.70. The stock has a 50-day moving average price of $26.94 and a two-hundred day moving average price of $29.46.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.14). Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. As a group, sell-side analysts predict that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

Insider Activity

In other news, Director Jorge Titinger sold 3,000 shares of Ichor stock in a transaction on Friday, February 7th. The stock was sold at an average price of $32.04, for a total value of $96,120.00. Following the completion of the sale, the director now owns 9,832 shares of the company's stock, valued at $315,017.28. The trade was a 23.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ICHR shares. Needham & Company LLC reiterated a "hold" rating on shares of Ichor in a research note on Wednesday, February 5th. TD Cowen cut their target price on Ichor from $40.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, January 17th. Oppenheimer decreased their price target on Ichor from $35.00 to $25.00 and set a "market perform" rating on the stock in a research note on Friday. Finally, StockNews.com downgraded shares of Ichor from a "hold" rating to a "sell" rating in a report on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.86.

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.