Mirae Asset Global Investments Co. Ltd. Raises Position in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Mirae Asset Global Investments Co. Ltd. boosted its stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 8.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,117 shares of the technology company’s stock after buying an additional 1,023 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Ichor were worth $441,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC raised its holdings in Ichor by 207.2% in the 3rd quarter. Signaturefd LLC now owns 1,109 shares of the technology company’s stock valued at $34,000 after acquiring an additional 748 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Ichor in the 3rd quarter valued at about $143,000. Linden Thomas Advisory Services LLC raised its holdings in Ichor by 14.8% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 8,020 shares of the technology company’s stock valued at $248,000 after acquiring an additional 1,034 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Ichor by 45.7% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 11,798 shares of the technology company’s stock valued at $365,000 after acquiring an additional 3,698 shares during the last quarter. Finally, Tectonic Advisors LLC raised its holdings in Ichor by 2.3% in the 3rd quarter. Tectonic Advisors LLC now owns 17,808 shares of the technology company’s stock valued at $551,000 after acquiring an additional 400 shares during the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

Ichor Stock Up 3.1 %

Ichor stock opened at $39.35 on Friday. Ichor Holdings, Ltd. has a fifty-two week low of $22.26 and a fifty-two week high of $46.43. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.57 and a current ratio of 4.06. The firm has a 50 day moving average price of $39.75 and a 200 day moving average price of $34.03. The company has a market capitalization of $1.30 billion, a PE ratio of -26.77 and a beta of 2.02.

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

Insider Activity at Ichor

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

Analyst Upgrades and Downgrades

ICHR has been the subject of a number of recent research reports. B. Riley upgraded shares of Ichor from a “neutral” rating to a “buy” rating and increased their price objective for the company from $40.00 to $48.00 in a report on Friday, April 19th. TD Cowen increased their price objective on shares of Ichor from $31.00 to $42.00 and gave the company an “outperform” rating in a 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. Stifel Nicolaus raised their price target on shares of Ichor from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Craig Hallum assumed coverage on shares of Ichor in a report on Tuesday, April 9th. They set a “buy” rating and a $55.00 price target for the company. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $46.40.

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.