Ethic Inc. Raises Stock Holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Ethic Inc. raised its position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 24.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,312 shares of the technology company’s stock after purchasing an additional 2,029 shares during the period. Ethic Inc.’s holdings in Ichor were worth $332,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ICHR. KBC Group NV increased its stake in shares of 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 acquiring an additional 949 shares in the last quarter. Quarry LP grew its holdings in Ichor by 54.9% in the fourth quarter. Quarry LP now owns 2,426 shares of the technology company’s stock worth $78,000 after purchasing an additional 860 shares during the period. Globeflex Capital L P purchased a new stake in Ichor in the fourth quarter worth about $93,000. Tower Research Capital LLC TRC increased its stake in shares of Ichor by 52.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company’s stock valued at $147,000 after purchasing an additional 1,578 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Ichor during the fourth quarter valued at approximately $193,000. Institutional investors own 94.81% of the company’s stock.

Ichor Stock Down 3.6%

Shares of ICHR stock opened at $18.30 on Friday. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. Ichor Holdings, Ltd. has a 12 month low of $15.38 and a 12 month high of $42.70. The stock has a market cap of $624.40 million, a P/E ratio of -28.15 and a beta of 1.83. The company has a 50 day simple moving average of $20.80 and a two-hundred day simple moving average of $27.63.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings data on Monday, May 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.14). Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. The business had revenue of $244.47 million for the quarter, compared to the consensus estimate of $244.95 million. During the same period in the previous year, the firm earned ($0.09) EPS. The company’s revenue was up 21.4% on a year-over-year basis. On average, research analysts expect that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

Insider Buying and Selling at Ichor

In related news, CEO Jeff Andreson acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The stock was bought at an average cost of $16.86 per share, for a total transaction of $168,600.00. Following the purchase, the chief executive officer now owns 285,594 shares in the company, valued at $4,815,114.84. The trade was a 3.63% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ICHR. Stifel Nicolaus cut their price target on Ichor from $35.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, May 6th. DA Davidson cut their target price on Ichor from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, May 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Ichor in a research report on Tuesday, May 6th. TD Cowen dropped their price target on shares of Ichor from $38.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, May 6th. Finally, StockNews.com lowered shares of Ichor from a “hold” rating to a “sell” rating in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ichor currently has an average rating of “Hold” and an average price target of $34.00.

About Ichor

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.