Stifel Financial Corp Increases Stock Holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Stifel Financial Corp boosted its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 1.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 51,749 shares of the technology company’s stock after acquiring an additional 944 shares during the period. Stifel Financial Corp owned about 0.15% of Ichor worth $1,667,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. KBC Group NV increased its stake in shares of Ichor by 83.5% during the fourth quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock worth $67,000 after purchasing an additional 949 shares in the last quarter. Globeflex Capital L P purchased a new stake in Ichor during the 4th quarter worth approximately $93,000. Tower Research Capital LLC TRC raised its holdings in shares of Ichor by 52.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company’s stock valued at $147,000 after acquiring an additional 1,578 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Ichor in the fourth quarter valued at approximately $193,000. Finally, Meeder Asset Management Inc. lifted 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 valued at $195,000 after acquiring an additional 675 shares in the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. StockNews.com cut Ichor from a “hold” rating to a “sell” rating in a research report on Thursday, April 10th. DA Davidson reduced their target price on shares of Ichor from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday. Needham & Company LLC restated a “hold” rating on shares of Ichor in a research report on Tuesday. Stifel Nicolaus cut their price objective on shares of Ichor from $35.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday. Finally, TD Cowen dropped their price target on Ichor from $38.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Ichor presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.29.

Ichor Stock Down 23.2 %

Shares of NASDAQ:ICHR opened at $16.00 on Wednesday. The company has a market capitalization of $545.81 million, a price-to-earnings ratio of -24.62 and a beta of 1.83. Ichor Holdings, Ltd. has a 12-month low of $15.38 and a 12-month high of $42.70. The business has a 50-day moving average price of $22.36 and a 200 day moving average price of $28.16. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Monday, May 5th. The technology company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.14). Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. The company had revenue of $244.47 million for the quarter, compared to analyst estimates of $244.95 million. During the same quarter in the prior year, the business earned ($0.09) earnings per share. Ichor’s revenue was up 21.4% on a year-over-year basis. Sell-side analysts expect that Ichor Holdings, Ltd. will post 1.01 EPS for the current year.

Insider Buying and Selling at Ichor

In other news, Director Jorge Titinger sold 3,000 shares of Ichor stock in a transaction 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 of the company’s stock, valued at approximately $315,017.28. The trade was a 23.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is owned by corporate insiders.

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.