Fisher Asset Management LLC Sells 2,612 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Fisher Asset Management LLC cut its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 383,144 shares of the technology company’s stock after selling 2,612 shares during the period. Fisher Asset Management LLC’s holdings in Ichor were worth $12,885,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Linden Thomas Advisory Services LLC grew its position in shares of Ichor by 20.9% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 9,696 shares of the technology company’s stock valued at $326,000 after purchasing an additional 1,676 shares during the period. CWM LLC increased its position in shares of Ichor by 87.1% during the fourth quarter. CWM LLC now owns 1,100 shares of the technology company’s stock worth $37,000 after acquiring an additional 512 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Ichor during the fourth quarter worth $494,000. Meeder Asset Management Inc. bought a new stake in Ichor in the 4th quarter valued at $181,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Ichor by 8.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,117 shares of the technology company’s stock worth $441,000 after purchasing an additional 1,023 shares during the period. 94.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. B. Riley raised Ichor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $40.00 to $48.00 in a research note on Friday, April 19th. Stifel Nicolaus boosted their target price on Ichor from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $42.00 price target on shares of Ichor in a research note on Tuesday, March 19th. TD Cowen lifted 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. 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 target price for the company. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.40.

Insider Buying and Selling at Ichor

In other news, insider Christopher Smith sold 23,433 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $45.08, for a total transaction of $1,056,359.64. Following the transaction, the insider now directly owns 70,329 shares in the company, valued at approximately $3,170,431.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Christopher Smith sold 23,433 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $45.08, for a total value of $1,056,359.64. Following the completion of the sale, the insider now directly owns 70,329 shares of the company’s stock, valued at $3,170,431.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Philip Ryan Sr. Barros sold 7,226 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $45.39, for a total value 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 disclosure for this sale can be found here. Insiders sold a total of 80,659 shares of company stock worth $3,652,848 over the last quarter. 2.20% of the stock is currently owned by insiders.

Ichor Stock Down 0.2 %

ICHR stock opened at $38.20 on Monday. Ichor Holdings, Ltd. has a twelve month low of $22.26 and a twelve month high of $46.43. The business has a 50 day moving average price of $39.27 and a two-hundred day moving average price of $34.41. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.57 and a current ratio of 4.06.

Ichor (NASDAQ:ICHR) last released its quarterly earnings data on Tuesday, February 6th. The technology company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.13). The company 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, sell-side analysts predict that Ichor Holdings, Ltd. will post 0.23 EPS for the current 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.