Ghisallo Capital Management LLC Lowers Stock Position in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Ghisallo Capital Management LLC trimmed its holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 50.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,943 shares of the technology company’s stock after selling 18,942 shares during the quarter. Ghisallo Capital Management LLC’s holdings in Ichor were worth $730,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ICHR. Jones Financial Companies Lllp acquired a new position in Ichor in the fourth quarter valued at $41,000. S Squared Technology LLC acquired a new stake in Ichor during the 4th quarter worth approximately $5,525,000. Lighthouse Investment Partners LLC acquired a new stake in Ichor during the 4th quarter worth approximately $1,766,000. Wellington Management Group LLP grew its stake in shares of Ichor by 68.5% in the 4th quarter. Wellington Management Group LLP now owns 291,389 shares of the technology company’s stock valued at $9,799,000 after purchasing an additional 118,498 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Ichor by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 2,664,652 shares of the technology company’s stock valued at $89,612,000 after purchasing an additional 41,104 shares during the period. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ICHR. Needham & Company LLC lowered their price objective on shares of Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. DA Davidson initiated coverage on shares of Ichor in a research report on Thursday, September 26th. They issued a “buy” rating and a $50.00 price objective for the company. StockNews.com upgraded Ichor from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. TD Cowen reduced their price target on Ichor from $48.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, Oppenheimer assumed coverage on Ichor in a report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Ichor currently has an average rating of “Moderate Buy” and an average target price of $43.29.

Ichor Stock Performance

NASDAQ ICHR opened at $30.15 on Wednesday. The business has a 50 day moving average price of $30.04 and a 200 day moving average price of $35.40. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.27 and a quick ratio of 1.91. The company has a market capitalization of $1.01 billion, a P/E ratio of -17.03 and a beta of 1.91. Ichor Holdings, Ltd. has a 1-year low of $22.26 and a 1-year high of $46.43.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Tuesday, August 6th. The technology company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. Ichor had a negative return on equity of 2.56% and a negative net margin of 4.53%. The business had revenue of $203.23 million during the quarter, compared to analysts’ expectations of $197.75 million. Sell-side analysts expect that Ichor Holdings, Ltd. will post -0.22 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.