Magnetar Financial LLC acquired a new stake in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,585 shares of the technology company's stock, valued at approximately $502,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew 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 increased its position 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in 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 valued at $1,746,000 after buying an additional 21,810 shares during the last quarter. Barclays PLC raised its position in Ichor by 377.6% in the 3rd 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 last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Ichor by 143.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 100,692 shares of the technology company's stock worth $3,203,000 after buying an additional 59,371 shares during the period. Institutional investors and hedge funds own 94.81% of the company's stock.
Ichor Price Performance
Shares of ICHR stock traded down $0.17 during midday trading on Thursday, reaching $25.18. 275,243 shares of the company were exchanged, compared to its average volume of 282,512. The company's 50 day moving average price is $29.43 and its two-hundred day moving average price is $30.25. The company has a market cap of $856.20 million, a P/E ratio of -38.74 and a beta of 1.91. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 3.34. Ichor Holdings, Ltd. has a 12 month low of $24.61 and a 12 month 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, sell-side analysts expect that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.
Analyst Ratings Changes
Several research analysts recently issued reports on ICHR shares. Needham & Company LLC reissued a "hold" rating on shares of Ichor in a report on Wednesday, February 5th. TD Cowen dropped their price target on Ichor from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Friday, January 17th. Finally, StockNews.com lowered shares of Ichor from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $42.29.
Read Our Latest Research Report on ICHR
Insiders Place Their Bets
In other Ichor news, Director Jorge Titinger sold 3,000 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.04, for a total transaction of $96,120.00. Following the transaction, the director now directly owns 9,832 shares in the company, valued at $315,017.28. This trade represents a 23.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.20% of the company's stock.
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.
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