Tower Research Capital LLC TRC Has $147,000 Stock Holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Tower Research Capital LLC TRC boosted its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 52.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,562 shares of the technology company’s stock after purchasing an additional 1,578 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Ichor were worth $147,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of Ichor by 377.6% during the 3rd quarter. Barclays PLC now owns 56,787 shares of the technology company’s stock worth $1,808,000 after buying an additional 44,897 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Ichor by 157.9% during the third quarter. JPMorgan Chase & Co. now owns 340,247 shares of the technology company’s stock worth $10,823,000 after acquiring an additional 208,328 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of Ichor by 24.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 49,351 shares of the technology company’s stock valued at $1,590,000 after purchasing an additional 9,709 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Ichor by 1.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 21,531 shares of the technology company’s stock worth $694,000 after purchasing an additional 373 shares during the period. Finally, Linden Thomas Advisory Services LLC lifted its holdings in Ichor by 23.3% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 15,784 shares of the technology company’s stock worth $509,000 after purchasing an additional 2,984 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ICHR has been the topic of several recent research reports. TD Cowen lowered their price objective on Ichor from $38.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday. StockNews.com lowered shares of Ichor from a “hold” rating to a “sell” rating in a research report on Thursday, April 10th. Oppenheimer cut their price objective 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. Stifel Nicolaus lowered their target price on shares of Ichor from $35.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, DA Davidson cut their price target on Ichor from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $36.29.

Insider Transactions at Ichor

In related news, Director Jorge Titinger sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $32.04, for a total transaction of $96,120.00. Following the completion of the transaction, the director now directly owns 9,832 shares in the company, valued at $315,017.28. This represents a 23.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.90% of the company’s stock.

Ichor Stock Down 23.2 %

Shares of ICHR opened at $16.00 on Wednesday. The firm has a 50 day simple moving average of $22.36 and a two-hundred day simple moving average of $28.16. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.34 and a quick ratio of 1.49. Ichor Holdings, Ltd. has a one year low of $15.38 and a one year high of $42.70. The company has a market cap of $545.81 million, a P/E ratio of -24.62 and a beta of 1.83.

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

Ichor 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.