Illinois Municipal Retirement Fund Reduces Stock Holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Illinois Municipal Retirement Fund decreased its stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 5.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,099 shares of the technology company’s stock after selling 972 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Ichor were worth $583,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP boosted its holdings in shares of Ichor by 80.4% in the 3rd 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 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 purchasing an additional 949 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Ichor by 28.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock worth $153,000 after purchasing an additional 1,068 shares during the period. Point72 DIFC Ltd purchased a new position in shares of Ichor in the 3rd quarter worth approximately $200,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Ichor in the 3rd quarter worth approximately $207,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ichor Trading Down 4.1 %

Shares of NASDAQ ICHR opened at $28.08 on Tuesday. The company has a quick ratio of 1.49, a current ratio of 3.34 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $31.11 and a two-hundred day simple moving average of $30.66. The firm has a market cap of $954.80 million, a PE ratio of -43.20 and a beta of 1.91. Ichor Holdings, Ltd. has a twelve month low of $25.95 and a twelve month high of $45.21.

Ichor (NASDAQ:ICHR) last issued its earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share 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%. Analysts expect that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. StockNews.com cut Ichor from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Needham & Company LLC restated a “hold” rating on shares of Ichor in a report on Wednesday, February 5th. TD Cowen dropped their price objective on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a report on Friday, January 17th. Finally, B. Riley restated a “buy” rating and set a $38.00 price objective (up previously from $36.00) on shares of Ichor in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.29.

Insider Buying and Selling at Ichor

In other Ichor news, Director Jorge Titinger sold 3,000 shares of Ichor stock in a transaction on Friday, February 7th. The stock was sold at an average price of $32.04, for a total transaction of $96,120.00. Following the completion of the sale, the director now directly owns 9,832 shares of the company’s stock, valued at $315,017.28. The trade was a 23.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

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.