Northern Trust Corp Has $12.16 Million Stock Position in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Northern Trust Corp increased its position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 8.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 377,538 shares of the technology company’s stock after purchasing an additional 30,655 shares during the quarter. Northern Trust Corp owned approximately 1.12% of Ichor worth $12,164,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ICHR. Janney Montgomery Scott LLC increased its position in Ichor by 1.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 21,531 shares of the technology company’s stock valued at $694,000 after acquiring an additional 373 shares in the last quarter. Victory Capital Management Inc. increased its position in Ichor by 1.1% in the 4th quarter. Victory Capital Management Inc. now owns 44,131 shares of the technology company’s stock valued at $1,422,000 after acquiring an additional 467 shares in the last quarter. Meeder Asset Management Inc. increased its position in Ichor by 12.6% in the 4th 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. Quarry LP increased its position in Ichor by 54.9% in the 4th quarter. Quarry LP now owns 2,426 shares of the technology company’s stock valued at $78,000 after acquiring an additional 860 shares in the last quarter. Finally, Swiss National Bank increased its position in Ichor by 1.4% in the 4th quarter. Swiss National Bank now owns 66,200 shares of the technology company’s stock valued at $2,133,000 after acquiring an additional 900 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor Stock Down 3.6%

Ichor stock opened at $18.30 on Friday. The company’s 50 day simple moving average is $20.80 and its 200 day simple moving average is $27.63. Ichor Holdings, Ltd. has a fifty-two week low of $15.38 and a fifty-two week high of $42.70. The firm has a market capitalization of $624.40 million, a price-to-earnings ratio of -28.15 and a beta of 1.83. 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 (NASDAQ:ICHR) last released its quarterly earnings data on Monday, May 5th. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.14). Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. The firm had revenue of $244.47 million for the quarter, compared to the consensus estimate of $244.95 million. During the same period in the previous year, the business earned ($0.09) EPS. The firm’s revenue was up 21.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ichor Holdings, Ltd. will post 1.01 EPS for the current year.

Insider Buying and Selling

In related news, CEO Jeff Andreson purchased 10,000 shares of the business’s stock in a transaction on Thursday, May 8th. The shares were purchased at an average price of $16.86 per share, with a total value of $168,600.00. Following the completion of the purchase, the chief executive officer now owns 285,594 shares in the company, valued at $4,815,114.84. This represents a 3.63% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Oppenheimer lowered their price objective on shares of Ichor from $35.00 to $25.00 and set a “market perform” rating for the company in a research report on Friday, April 11th. TD Cowen lowered their price objective on shares of Ichor from $38.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, May 6th. StockNews.com cut shares of Ichor from a “hold” rating to a “sell” rating in a research report on Thursday, April 10th. Stifel Nicolaus lowered their price target on shares of Ichor from $35.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, May 6th. Finally, DA Davidson lowered their price target on shares of Ichor from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $34.00.

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.