Globeflex Capital L P Makes New Investment in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Globeflex Capital L P purchased a new position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,890 shares of the technology company’s stock, valued at approximately $93,000.

Several other hedge funds also recently modified their holdings of ICHR. Royce & Associates LP boosted its stake in shares of Ichor by 20.8% during the 3rd quarter. Royce & Associates LP now owns 718,967 shares of the technology company’s stock worth $22,870,000 after purchasing an additional 123,585 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Ichor by 50.1% in the third quarter. Mutual of America Capital Management LLC now owns 121,500 shares of the technology company’s stock worth $3,865,000 after acquiring an additional 40,575 shares during the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of Ichor by 26.8% in the third quarter. Segall Bryant & Hamill LLC now owns 568,117 shares of the technology company’s stock worth $18,072,000 after acquiring an additional 120,133 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Ichor by 143.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 100,692 shares of the technology company’s stock worth $3,203,000 after acquiring an additional 59,371 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Ichor in the third quarter worth approximately $209,000. 94.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. StockNews.com lowered shares of Ichor from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. TD Cowen cut their price target on shares of Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Finally, Needham & Company LLC restated a “hold” rating on shares of Ichor in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.29.

Ichor Trading Up 4.4 %

ICHR opened at $26.76 on Friday. The firm has a market capitalization of $909.92 million, a P/E ratio of -41.17 and a beta of 1.91. The firm’s 50 day moving average is $30.25 and its 200-day moving average is $30.40. Ichor Holdings, Ltd. has a 52-week low of $24.61 and a 52-week high of $42.70. The company has a quick ratio of 1.49, a current ratio of 3.34 and a debt-to-equity ratio of 0.17.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data 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%. Analysts expect that Ichor Holdings, Ltd. will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Jorge Titinger sold 3,000 shares of Ichor stock in a transaction 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 completion of the sale, the director now owns 9,832 shares in the company, valued at approximately $315,017.28. The trade was a 23.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% of the company’s stock.

Ichor 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.