Envestnet Asset Management Inc. Increases Stake in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Envestnet Asset Management Inc. grew its position in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 27.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,578 shares of the technology company’s stock after acquiring an additional 4,635 shares during the period. Envestnet Asset Management Inc. owned about 0.06% of Ichor worth $695,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ICHR. KBC Group NV boosted its stake in shares of Ichor by 83.5% in the fourth quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock valued at $67,000 after buying an additional 949 shares in the last quarter. Globeflex Capital L P purchased a new stake in shares of Ichor during the 4th quarter worth approximately $93,000. KLP Kapitalforvaltning AS acquired a new position in Ichor during the fourth quarter worth $193,000. Meeder Asset Management Inc. boosted its position in Ichor by 12.6% during the fourth quarter. Meeder Asset Management Inc. now owns 6,049 shares of the technology company’s stock worth $195,000 after purchasing an additional 675 shares in the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new position in shares of Ichor in the fourth quarter valued at $201,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Ichor Price Performance

ICHR opened at $20.99 on Friday. Ichor Holdings, Ltd. has a 52-week low of $15.84 and a 52-week high of $42.70. The company has a market cap of $716.03 million, a P/E ratio of -32.29 and a beta of 1.88. The company has a quick ratio of 1.49, a current ratio of 3.34 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $22.83 and a two-hundred day moving average of $28.29.

Ichor (NASDAQ:ICHR) last announced its earnings results on Tuesday, February 4th. The technology company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.14). Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. On average, analysts expect that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Jorge Titinger sold 3,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $32.04, for a total value of $96,120.00. Following the transaction, the director now directly owns 9,832 shares in the company, valued at approximately $315,017.28. This trade represents a 23.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ICHR has been the subject of a number of research reports. StockNews.com cut shares of Ichor from a “hold” rating to a “sell” rating in a research report on Thursday, April 10th. Oppenheimer reduced their price objective on shares of Ichor from $35.00 to $25.00 and set a “market perform” rating on the stock in a research note on Friday, April 11th. TD Cowen decreased their target price on shares of Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Ichor in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.17.

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.