Ichor Holdings, Ltd. (NASDAQ:ICHR) Shares Bought by Swiss National Bank

Swiss National Bank lifted its position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 1.4% during the fourth quarter, Holdings Channel reports. The firm owned 66,200 shares of the technology company’s stock after acquiring an additional 900 shares during the quarter. Swiss National Bank’s holdings in Ichor were worth $2,133,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in 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 buying an additional 208,328 shares during the last quarter. State Street Corp increased its holdings in shares of Ichor by 1.8% in the 3rd quarter. State Street Corp now owns 1,232,532 shares of the technology company’s stock valued at $39,207,000 after acquiring an additional 21,804 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Ichor by 65.9% in the 3rd 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 purchasing an additional 21,810 shares during the last quarter. Barclays PLC boosted its stake in Ichor by 377.6% during the 3rd quarter. Barclays PLC now owns 56,787 shares of the technology company’s stock worth $1,808,000 after purchasing an additional 44,897 shares during the period. Finally, Meros Investment Management LP grew its position in Ichor by 85.4% during the 3rd quarter. Meros Investment Management LP now owns 197,119 shares of the technology company’s stock worth $6,270,000 after purchasing an additional 90,791 shares during the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ichor

In other Ichor 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 transaction 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 trade represents a 23.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ICHR shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Ichor in a report on Wednesday, February 5th. StockNews.com cut Ichor from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. Finally, TD Cowen dropped their target price on Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, January 17th. 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $42.29.

Ichor Stock Down 0.7 %

Ichor stock opened at $25.18 on Friday. The stock’s 50 day moving average price is $29.29 and its 200 day moving average price is $30.22. Ichor Holdings, Ltd. has a 1-year low of $24.61 and a 1-year high of $42.70. The company has a market cap of $856.20 million, a PE ratio of -38.74 and a beta of 1.91. 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) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (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 predict that Ichor Holdings, Ltd. will post 1.01 EPS for the current fiscal year.

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.