Franklin Resources Inc. Buys 53,134 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Franklin Resources Inc. grew its position in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 66.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 133,573 shares of the technology company's stock after acquiring an additional 53,134 shares during the period. Franklin Resources Inc. owned 0.40% of Ichor worth $4,304,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in Ichor by 157.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 340,247 shares of the technology company's stock worth $10,823,000 after buying an additional 208,328 shares during the period. State Street Corp lifted its holdings in shares of Ichor by 1.8% during the third quarter. State Street Corp now owns 1,232,532 shares of the technology company's stock worth $39,207,000 after purchasing an additional 21,804 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Ichor by 65.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,904 shares of the technology company's stock worth $1,746,000 after purchasing an additional 21,810 shares during the last quarter. Barclays PLC increased its holdings in Ichor by 377.6% in the third quarter. Barclays PLC now owns 56,787 shares of the technology company's stock valued at $1,808,000 after purchasing an additional 44,897 shares during the period. Finally, Hodges Capital Management Inc. raised its position in Ichor by 52.0% during the 4th quarter. Hodges Capital Management Inc. now owns 217,125 shares of the technology company's stock worth $6,996,000 after purchasing an additional 74,255 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company's stock.

Insider Activity

In related news, Director Jorge Titinger sold 3,000 shares of the firm's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $32.04, for a total value of $96,120.00. Following the transaction, the director now owns 9,832 shares of the company's stock, valued at approximately $315,017.28. This trade represents a 23.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company's stock.

Ichor Stock Down 7.0 %

ICHR traded down $1.26 during midday trading on Wednesday, hitting $16.65. The company had a trading volume of 44,824 shares, compared to its average volume of 306,289. 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 stock's 50 day moving average price is $26.36 and its 200 day moving average price is $29.27. The company has a market capitalization of $567.81 million, a price-to-earnings ratio of -25.62 and a beta of 1.88. Ichor Holdings, Ltd. has a 52 week low of $15.84 and a 52 week high of $42.70.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.14). Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. On average, research analysts anticipate that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on ICHR. Needham & Company LLC reiterated a "hold" rating on shares of Ichor in a research report on Wednesday, February 5th. StockNews.com cut Ichor from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. Oppenheimer lowered their price target on shares of Ichor from $35.00 to $25.00 and set a "market perform" rating for the company in a report on Friday, April 11th. Finally, TD Cowen lowered their target price on shares of Ichor from $40.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.