Ichor Holdings, Ltd. (NASDAQ:ICHR) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN raised its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 23.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,675 shares of the technology company’s stock after buying an additional 3,731 shares during the period. Wells Fargo & Company MN owned about 0.06% of Ichor worth $634,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. KBC Group NV lifted its holdings in shares of Ichor by 83.5% during the 4th quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock valued at $67,000 after acquiring an additional 949 shares in the last quarter. Globeflex Capital L P purchased a new position in Ichor in the fourth quarter valued at about $93,000. KLP Kapitalforvaltning AS acquired a new position in shares of Ichor during the fourth quarter worth about $193,000. Meeder Asset Management Inc. boosted its position in shares of Ichor by 12.6% in the fourth quarter. Meeder Asset Management Inc. now owns 6,049 shares of the technology company’s stock worth $195,000 after buying an additional 675 shares during the period. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of Ichor in the fourth quarter valued at about $201,000. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Ichor Stock Up 6.0 %

Shares of NASDAQ:ICHR opened at $20.99 on Friday. Ichor Holdings, Ltd. has a 12-month low of $15.84 and a 12-month high of $42.70. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. The firm has a market cap of $716.03 million, a PE ratio of -32.29 and a beta of 1.88. The company has a fifty day simple moving average of $22.83 and a 200 day simple moving average of $28.29.

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

Insider Buying and Selling at Ichor

In other news, Director Jorge Titinger sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.04, for a total value of $96,120.00. Following the completion of the sale, the director now directly owns 9,832 shares in the company, valued at approximately $315,017.28. The trade was a 23.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ICHR has been the topic of several recent research reports. Needham & Company LLC reissued a “hold” rating on shares of Ichor in a research report on Wednesday, February 5th. StockNews.com cut shares of Ichor from a “hold” rating to a “sell” rating in a research report on Thursday, April 10th. Oppenheimer lowered their price target on shares of Ichor from $35.00 to $25.00 and set a “market perform” rating for the company in a report on Friday, April 11th. Finally, TD Cowen cut their price objective on shares of Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Ichor has a consensus rating of “Moderate Buy” and an average target price of $40.17.

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.