Cwm LLC Acquires 512 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Cwm LLC lifted its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 87.1% in the 4th quarter, HoldingsChannel reports. The fund owned 1,100 shares of the technology company’s stock after purchasing an additional 512 shares during the period. Cwm LLC’s holdings in Ichor were worth $37,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC boosted its stake in Ichor by 9.4% during the 3rd quarter. FMR LLC now owns 3,103,779 shares of the technology company’s stock valued at $96,093,000 after purchasing an additional 265,677 shares during the last quarter. Epoch Investment Partners Inc. boosted its position in shares of Ichor by 322.2% during the third quarter. Epoch Investment Partners Inc. now owns 220,848 shares of the technology company’s stock valued at $6,837,000 after buying an additional 168,541 shares during the last quarter. Pinnacle Associates Ltd. grew its holdings in Ichor by 27.0% during the fourth quarter. Pinnacle Associates Ltd. now owns 498,955 shares of the technology company’s stock worth $16,780,000 after buying an additional 105,934 shares in the last quarter. Brandywine Global Investment Management LLC raised its position in Ichor by 24.4% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 319,662 shares of the technology company’s stock valued at $9,897,000 after buying an additional 62,609 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in Ichor by 21.5% during the 3rd quarter. First Eagle Investment Management LLC now owns 311,707 shares of the technology company’s stock valued at $9,650,000 after acquiring an additional 55,229 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Craig Hallum lowered their target price on shares of Ichor from $55.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday. Needham & Company LLC reiterated a “hold” rating and issued a $42.00 price objective on shares of Ichor in a research note on Wednesday. Stifel Nicolaus boosted their target price on Ichor from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. B. Riley raised Ichor from a “neutral” rating to a “buy” rating and increased their price target for the company from $40.00 to $48.00 in a research report on Friday, April 19th. Finally, TD Cowen boosted their price objective on Ichor from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.60.

Insider Buying and Selling at Ichor

In other Ichor news, Director Thomas M. Rohrs sold 50,000 shares of the stock in a transaction dated 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 owns 43,764 shares in the company, valued at $1,985,572.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Thomas M. Rohrs sold 50,000 shares of the company’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 sale, the director now directly owns 43,764 shares in the company, valued at approximately $1,985,572.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $1,056,359.64. Following the completion of the transaction, the insider now directly owns 70,329 shares of the company’s stock, valued at $3,170,431.32. The disclosure for this sale can be found here. Insiders have sold a total of 80,659 shares of company stock valued at $3,652,848 over the last three months. 2.20% of the stock is currently owned by insiders.

Ichor Price Performance

Ichor stock opened at $37.98 on Friday. The company has a current ratio of 4.06, a quick ratio of 1.57 and a debt-to-equity ratio of 0.43. The business’s 50 day simple moving average is $38.91 and its 200 day simple moving average is $34.64. Ichor Holdings, Ltd. has a 12 month low of $22.26 and a 12 month high of $46.43. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -25.84 and a beta of 1.98.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $203.48 million for the quarter, compared to analysts’ expectations of $197.50 million. Sell-side analysts forecast 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.