Connor Clark & Lunn Investment Management Ltd. decreased its holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,200 shares of the technology company's stock after selling 11,492 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.26% of Ichor worth $2,874,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its stake in Ichor by 21.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,510 shares of the technology company's stock worth $242,000 after purchasing an additional 1,347 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Ichor in the fourth quarter worth about $8,489,000. Victory Capital Management Inc. lifted its stake in Ichor by 1.1% in the fourth 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 last quarter. Cornerstone Investment Partners LLC bought a new stake in Ichor in the fourth quarter worth about $201,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Ichor by 6.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 502,293 shares of the technology company's stock worth $16,184,000 after purchasing an additional 29,536 shares during the last quarter. Institutional investors own 94.81% of the company's stock.
Insider Buying and Selling
In other Ichor news, Director Jorge Titinger sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $32.04, for a total value of $96,120.00. Following the completion of the transaction, the director now owns 9,832 shares of the company's stock, valued at $315,017.28. This trade represents a 23.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 2.20% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
ICHR has been the topic of a number of research reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Ichor in a research report on Wednesday, February 5th. TD Cowen cut their price objective on shares of Ichor from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, January 17th. Finally, StockNews.com lowered shares of Ichor from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Ichor presently has an average rating of "Moderate Buy" and an average target price of $42.29.
Read Our Latest Stock Analysis on Ichor
Ichor Price Performance
ICHR stock traded down $0.67 during mid-day trading on Friday, reaching $26.61. The company's stock had a trading volume of 512,809 shares, compared to its average volume of 285,231. The stock has a market cap of $904.82 million, a PE ratio of -40.94 and a beta of 1.91. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. Ichor Holdings, Ltd. has a fifty-two week low of $24.61 and a fifty-two week high of $42.70. The company's 50 day moving average is $29.78 and its two-hundred day moving average is $30.31.
Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.14). Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. Equities research analysts expect that Ichor Holdings, Ltd. will post 1.01 EPS for the current year.
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.
See Also
Before you consider Ichor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ichor wasn't on the list.
While Ichor currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
