Invesco Ltd. trimmed its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 30.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,101,814 shares of the technology company's stock after selling 493,794 shares during the period. Invesco Ltd. owned about 3.27% of Ichor worth $35,500,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its holdings in shares of Ichor by 157.9% in the third quarter. JPMorgan Chase & Co. now owns 340,247 shares of the technology company's stock valued at $10,823,000 after purchasing an additional 208,328 shares in the last quarter. State Street Corp lifted its stake in Ichor by 1.8% in the 3rd quarter. State Street Corp now owns 1,232,532 shares of the technology company's stock valued at $39,207,000 after acquiring an additional 21,804 shares in the last quarter. Barclays PLC boosted its position in Ichor by 377.6% during the 3rd quarter. Barclays PLC now owns 56,787 shares of the technology company's stock worth $1,808,000 after acquiring an additional 44,897 shares during the last quarter. Hodges Capital Management Inc. grew its stake in shares of 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 acquiring an additional 74,255 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of Ichor by 8.6% in the third quarter. Stifel Financial Corp now owns 50,805 shares of the technology company's stock valued at $1,616,000 after purchasing an additional 4,036 shares during the last quarter. 94.81% of the stock is owned by institutional investors.
Ichor Stock Performance
NASDAQ ICHR traded up $0.41 during trading on Tuesday, reaching $17.62. 275,149 shares of the company's stock were exchanged, compared to its average volume of 307,437. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.34 and a quick ratio of 1.49. The business has a 50 day moving average price of $24.81 and a 200-day moving average price of $28.80. The stock has a market capitalization of $601.07 million, a P/E ratio of -27.11 and a beta of 1.88. Ichor Holdings, Ltd. has a fifty-two week low of $15.84 and a fifty-two week high of $42.70.
Ichor (NASDAQ:ICHR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share 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%. Sell-side analysts forecast that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current fiscal year.
Insider Buying and Selling at Ichor
In other news, Director Jorge Titinger sold 3,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now owns 9,832 shares in the company, valued at $315,017.28. The trade was a 23.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.90% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently commented on the stock. TD Cowen reduced their target price on shares of Ichor from $40.00 to $38.00 and set a "buy" rating for the company in a report on Friday, January 17th. Needham & Company LLC reaffirmed a "hold" rating on shares of Ichor in a research report on Wednesday, February 5th. StockNews.com lowered Ichor from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. Finally, Oppenheimer decreased their price target on Ichor from $35.00 to $25.00 and set a "market perform" rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $40.17.
Check Out Our Latest Stock Report on Ichor
Ichor Profile
(
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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