Two Sigma Advisers LP Has $628,000 Holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Two Sigma Advisers LP boosted its stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 116.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,500 shares of the technology company’s stock after purchasing an additional 10,500 shares during the quarter. Two Sigma Advisers LP owned about 0.06% of Ichor worth $628,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. KBC Group NV raised its stake in 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 purchasing an additional 949 shares in the last quarter. Quarry LP raised its stake in Ichor by 54.9% in the fourth quarter. Quarry LP now owns 2,426 shares of the technology company’s stock valued at $78,000 after purchasing an additional 860 shares in the last quarter. Globeflex Capital L P acquired a new position in Ichor in the fourth quarter valued at about $93,000. Tower Research Capital LLC TRC raised its stake in Ichor by 52.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company’s stock valued at $147,000 after purchasing an additional 1,578 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in Ichor in the fourth quarter valued at about $193,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

Insider Transactions at Ichor

In other news, CEO Jeff Andreson purchased 10,000 shares of Ichor stock in a transaction dated Thursday, May 8th. The shares were bought at an average cost of $16.86 per share, for a total transaction of $168,600.00. Following the completion of the acquisition, the chief executive officer now owns 285,594 shares in the company, valued at approximately $4,815,114.84. This trade represents a 3.63% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

ICHR has been the subject of several research analyst reports. Oppenheimer lowered their target price on Ichor from $35.00 to $25.00 and set a “market perform” rating for the company in a research note on Friday, April 11th. Stifel Nicolaus lowered their target price on Ichor from $35.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, May 6th. DA Davidson lowered their target price on Ichor from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, May 6th. Needham & Company LLC reissued a “hold” rating on shares of Ichor in a research note on Tuesday, May 6th. Finally, Wall Street Zen downgraded Ichor from a “hold” rating to a “sell” rating in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ichor presently has an average rating of “Hold” and an average target price of $34.00.

Ichor Stock Performance

NASDAQ:ICHR opened at $17.40 on Wednesday. The stock has a market cap of $593.69 million, a P/E ratio of -26.77 and a beta of 1.83. 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 stock’s 50-day moving average is $18.45 and its 200-day moving average is $26.43. Ichor Holdings, Ltd. has a 1-year low of $15.33 and a 1-year high of $42.70.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results 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). The firm had revenue of $244.47 million for the quarter, compared to the consensus estimate of $244.95 million. Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.09) earnings per share. Equities research analysts anticipate that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

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.