Wellington Management Group LLP cut its holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,166,204 shares of the technology company's stock after selling 70,040 shares during the quarter. Wellington Management Group LLP owned approximately 3.46% of Ichor worth $37,575,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. Quarry LP lifted its stake in Ichor by 80.4% in the 3rd quarter. Quarry LP now owns 1,566 shares of the technology company's stock valued at $50,000 after buying an additional 698 shares in the last quarter. KBC Group NV raised its holdings in shares of Ichor by 83.5% in the fourth quarter. KBC Group NV now owns 2,086 shares of the technology company's stock worth $67,000 after acquiring an additional 949 shares during the last quarter. Globeflex Capital L P purchased a new stake in shares of Ichor in the fourth quarter valued at $93,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Ichor by 28.5% during the third 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 last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Ichor during the 4th quarter worth about $193,000. 94.81% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, Director Jorge Titinger sold 3,000 shares of the firm's stock in a transaction that occurred 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 transaction, the director now owns 9,832 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website. Corporate insiders own 2.20% of the company's stock.
Ichor Trading Down 7.9 %
NASDAQ:ICHR traded down $1.48 during trading hours on Friday, reaching $17.23. 509,860 shares of the company were exchanged, compared to its average volume of 305,796. Ichor Holdings, Ltd. has a 52-week low of $15.84 and a 52-week high of $42.70. The stock has a 50 day simple moving average of $26.94 and a 200 day simple moving average of $29.46. The firm has a market cap of $585.87 million, a price-to-earnings ratio of -26.51 and a beta of 1.88. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.34 and a quick ratio of 1.49.
Ichor (NASDAQ:ICHR - Get Free Report) last issued its earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share for the quarter, missing the consensus estimate 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, analysts predict that Ichor Holdings, Ltd. will post 1.01 EPS for the current year.
Wall Street Analysts Forecast Growth
ICHR has been the topic of a number of recent research reports. Oppenheimer reduced their target price on shares of Ichor from $35.00 to $25.00 and set a "market perform" rating on the stock in a report on Friday. Needham & Company LLC reissued a "hold" rating on shares of Ichor in a research note on Wednesday, February 5th. TD Cowen lowered their target price on shares of Ichor from $40.00 to $38.00 and set a "buy" rating for the company in a research note on Friday, January 17th. Finally, StockNews.com lowered Ichor from a "hold" rating to a "sell" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $40.86.
Check Out Our Latest Analysis on Ichor
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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