Royce & Associates LP Increases Stake in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Royce & Associates LP increased its stake in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 20.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 864,245 shares of the technology company's stock after purchasing an additional 145,278 shares during the quarter. Royce & Associates LP owned approximately 2.56% of Ichor worth $27,846,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Quarry LP boosted its position in Ichor by 80.4% during the third quarter. Quarry LP now owns 1,566 shares of the technology company's stock worth $50,000 after purchasing an additional 698 shares during the period. KBC Group NV boosted its holdings in Ichor by 83.5% in the 4th quarter. KBC Group NV now owns 2,086 shares of the technology company's stock worth $67,000 after buying an additional 949 shares during the period. Globeflex Capital L P purchased a new position in Ichor in the 4th quarter valued at approximately $93,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Ichor by 28.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company's stock valued at $153,000 after acquiring an additional 1,068 shares during the period. Finally, Point72 DIFC Ltd purchased a new stake in shares of Ichor during the third quarter worth $200,000. Hedge funds and other institutional investors own 94.81% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on ICHR. Needham & Company LLC reiterated a "hold" rating on shares of Ichor in a research report on Wednesday, February 5th. TD Cowen reduced their target price on Ichor from $40.00 to $38.00 and set a "buy" rating for the company in a report on Friday, January 17th. Finally, StockNews.com downgraded shares of Ichor from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $42.29.

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Insider Activity at Ichor

In other news, Director Jorge Titinger sold 3,000 shares of the company's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.04, for a total value of $96,120.00. Following the completion of the transaction, the director now directly owns 9,832 shares in the company, valued at approximately $315,017.28. This represents a 23.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is owned by insiders.

Ichor Price Performance

Shares of ICHR traded down $0.09 during trading hours on Thursday, reaching $27.28. 224,678 shares of the company's stock traded hands, compared to its average volume of 284,183. 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's 50 day simple moving average is $29.89 and its 200-day simple moving average is $30.33. The stock has a market cap of $927.60 million, a PE ratio of -41.97 and a beta of 1.91. 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 released its quarterly earnings results 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 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 EPS for the current year.

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.