JPMorgan Chase & Co. Acquires 250,383 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

JPMorgan Chase & Co. raised its position in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 73.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 590,630 shares of the technology company's stock after buying an additional 250,383 shares during the quarter. JPMorgan Chase & Co. owned about 1.75% of Ichor worth $19,030,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. KBC Group NV boosted its stake in Ichor by 83.5% in the fourth quarter. KBC Group NV now owns 2,086 shares of the technology company's stock valued at $67,000 after buying an additional 949 shares in the last quarter. Globeflex Capital L P bought a new stake in shares of Ichor during the 4th quarter valued at approximately $93,000. KLP Kapitalforvaltning AS acquired a new position in Ichor during the 4th quarter worth approximately $193,000. Cornerstone Investment Partners LLC acquired a new stake in Ichor in the fourth quarter valued at approximately $201,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Ichor during the third quarter worth $207,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Ichor Price Performance

NASDAQ:ICHR traded down $0.99 during midday trading on Wednesday, hitting $16.91. The company had a trading volume of 30,476 shares, compared to its average volume of 306,220. 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 fifty day moving average price is $26.36 and its 200-day moving average price is $29.27. Ichor Holdings, Ltd. has a 52-week low of $15.84 and a 52-week high of $42.70. The company has a market capitalization of $576.88 million, a PE ratio of -26.06 and a beta of 1.88.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings data 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 return on equity of 1.38% and a negative net margin of 2.45%. As a group, research analysts expect that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

Insider Transactions at Ichor

In related news, Director Jorge Titinger sold 3,000 shares of Ichor stock in a transaction 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 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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