263,437 Shares in Ichor Holdings, Ltd. (NASDAQ:ICHR) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 263,437 shares of the technology company's stock, valued at approximately $8,489,000. Raymond James Financial Inc. owned about 0.78% of Ichor at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 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. Geode Capital Management LLC raised its position in Ichor by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 795,794 shares of the technology company's stock worth $25,319,000 after buying an additional 27,540 shares during the last quarter. Westfield Capital Management Co. LP lifted its stake in Ichor by 4.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 580,818 shares of the technology company's stock valued at $18,476,000 after acquiring an additional 24,889 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ichor by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 502,293 shares of the technology company's stock valued at $16,184,000 after acquiring an additional 29,536 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Ichor by 157.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 340,247 shares of the technology company's stock valued at $10,823,000 after acquiring an additional 208,328 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company's stock.

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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 directly 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 filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.20% of the company's stock.

Wall Street Analyst Weigh In

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. StockNews.com lowered Ichor from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. Finally, TD Cowen lowered their target price on Ichor from $40.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $42.29.

Ichor Price Performance

Shares of Ichor stock traded down $2.03 during trading hours on Wednesday, reaching $25.35. The stock had a trading volume of 213,376 shares, compared to its average volume of 282,343. Ichor Holdings, Ltd. has a twelve month low of $24.61 and a twelve month high of $42.70. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $861.98 million, a PE ratio of -39.00 and a beta of 1.91. The stock's 50 day moving average is $29.53 and its 200 day moving average is $30.29.

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

Ichor 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.