First Eagle Investment Management LLC cut its position in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 17.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 372,295 shares of the technology company's stock after selling 80,853 shares during the quarter. First Eagle Investment Management LLC owned approximately 1.10% of Ichor worth $11,995,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Quarry LP boosted its position in shares of Ichor by 80.4% in the 3rd quarter. Quarry LP now owns 1,566 shares of the technology company's stock valued at $50,000 after purchasing an additional 698 shares during the period. KBC Group NV boosted its position in shares of Ichor by 83.5% in the 4th quarter. KBC Group NV now owns 2,086 shares of the technology company's stock valued at $67,000 after purchasing an additional 949 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Ichor by 28.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company's stock valued at $153,000 after purchasing an additional 1,068 shares during the period. Point72 DIFC Ltd purchased a new stake in Ichor during the 3rd quarter valued at approximately $200,000. Finally, Cornerstone Investment Partners LLC purchased a new stake in Ichor during the 4th quarter valued at approximately $201,000. 94.81% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research firms have commented on ICHR. StockNews.com downgraded Ichor from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. TD Cowen reduced their price objective on Ichor from $40.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, January 17th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Ichor in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given 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 price target of $42.29.
Check Out Our Latest Analysis on ICHR
Ichor Stock Performance
Shares of ICHR stock traded up $0.45 during trading hours on Wednesday, reaching $27.37. 203,745 shares of the company's stock were exchanged, compared to its average volume of 284,752. The company has a market cap of $930.66 million, a P/E ratio of -42.11 and a beta of 1.91. The company's 50 day moving average is $29.99 and its two-hundred day moving average is $30.35. Ichor Holdings, Ltd. has a 1 year low of $24.61 and a 1 year high of $42.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.34 and a quick ratio of 1.49.
Ichor (NASDAQ:ICHR - Get Free Report) last released its quarterly earnings data 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%. Equities research analysts anticipate that Ichor Holdings, Ltd. will post 1.01 EPS for the current fiscal year.
Insider Activity at Ichor
In other Ichor news, Director Jorge Titinger sold 3,000 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $32.04, for a total transaction of $96,120.00. Following the sale, the director now owns 9,832 shares in the company, valued at approximately $315,017.28. This represents a 23.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is currently owned by company insiders.
Ichor Company Profile
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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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