Ichor Holdings, Ltd. (NASDAQ:ICHR) Holdings Lowered by Fisher Asset Management LLC

Fisher Asset Management LLC decreased its stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 0.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 383,144 shares of the technology company’s stock after selling 2,612 shares during the quarter. Fisher Asset Management LLC owned 1.30% of Ichor worth $12,885,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. FMR LLC boosted its holdings in shares of Ichor by 9.4% in the third quarter. FMR LLC now owns 3,103,779 shares of the technology company’s stock worth $96,093,000 after buying an additional 265,677 shares during the period. Vanguard Group Inc. boosted its stake in Ichor by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,623,548 shares of the technology company’s stock worth $81,225,000 after purchasing an additional 22,880 shares during the period. Pinnacle Associates Ltd. grew its position in Ichor by 27.0% during the 4th quarter. Pinnacle Associates Ltd. now owns 498,955 shares of the technology company’s stock worth $16,780,000 after purchasing an additional 105,934 shares in the last quarter. Kennedy Capital Management LLC raised its stake in Ichor by 4.3% during the 3rd quarter. Kennedy Capital Management LLC now owns 465,829 shares of the technology company’s stock valued at $14,422,000 after purchasing an additional 19,354 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Ichor by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 361,530 shares of the technology company’s stock valued at $11,193,000 after purchasing an additional 16,426 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Stifel Nicolaus lifted their price target on Ichor from $40.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. B. Riley raised Ichor from a “neutral” rating to a “buy” rating and lifted their target price for the company from $40.00 to $48.00 in a research note on Friday, April 19th. TD Cowen increased their price target on shares of Ichor from $31.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Needham & Company LLC restated a “buy” rating and set a $42.00 price target on shares of Ichor in a report on Tuesday, March 19th. Finally, Craig Hallum initiated coverage on shares of Ichor in a research note on Tuesday, April 9th. They issued a “buy” rating and a $55.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Ichor presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.40.

Ichor Price Performance

Shares of Ichor stock opened at $38.20 on Monday. The stock has a 50-day simple moving average of $39.27 and a 200-day simple moving average of $34.41. Ichor Holdings, Ltd. has a 52-week low of $22.26 and a 52-week high of $46.43. The company has a current ratio of 4.06, a quick ratio of 1.57 and a debt-to-equity ratio of 0.43.

Ichor (NASDAQ:ICHR) last posted its earnings results on Tuesday, February 6th. The technology company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.13). The business had revenue of $203.48 million during the quarter, compared to analyst estimates of $197.50 million. Ichor had a negative net margin of 5.30% and a negative return on equity of 0.88%. On average, research analysts anticipate that Ichor Holdings, Ltd. will post 0.23 EPS for the current fiscal year.

Insider Buying and Selling

In other Ichor news, CTO Philip Ryan Sr. Barros sold 7,226 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $45.39, for a total transaction of $327,988.14. Following the transaction, the chief technology officer now directly owns 50,490 shares in the company, valued at $2,291,741.10. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Thomas M. Rohrs sold 50,000 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.37, for a total value of $2,268,500.00. Following the completion of the sale, the director now directly owns 43,764 shares in the company, valued at $1,985,572.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Philip Ryan Sr. Barros sold 7,226 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $45.39, for a total transaction of $327,988.14. Following the sale, the chief technology officer now directly owns 50,490 shares of the company’s stock, valued at $2,291,741.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 80,659 shares of company stock worth $3,652,848. Corporate insiders own 2.20% of the company’s stock.

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.