GAMMA Investing LLC Increases Stock Position in Ichor Holdings, Ltd. (NASDAQ:ICHR)

GAMMA Investing LLC increased its position in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 1,273.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,766 shares of the technology company’s stock after purchasing an additional 17,400 shares during the quarter. GAMMA Investing LLC owned 0.06% of Ichor worth $4,240,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in Ichor by 1.1% during 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 during the last quarter. Meeder Asset Management Inc. boosted its stake in Ichor by 12.6% during 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 during the last quarter. Quarry LP boosted its stake in Ichor by 54.9% during 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 during the last quarter. Swiss National Bank boosted its stake in Ichor by 1.4% during 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 during the last quarter. Finally, Stifel Financial Corp boosted its stake in Ichor by 1.9% during the 4th quarter. Stifel Financial Corp now owns 51,749 shares of the technology company’s stock valued at $1,667,000 after acquiring an additional 944 shares during the last quarter. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on ICHR shares. DA Davidson reduced their price objective on shares of Ichor from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, May 6th. TD Cowen reduced their price objective on shares of Ichor from $38.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, May 6th. Wall Street Zen cut shares of Ichor from a “hold” rating to a “sell” rating in a report on Thursday, April 10th. Stifel Nicolaus dropped 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, May 6th. Finally, Oppenheimer dropped their target price on shares of Ichor from $35.00 to $25.00 and set a “market perform” rating on the stock in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $34.00.

Ichor Stock Up 3.3%

ICHR stock opened at $19.24 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 3.34 and a debt-to-equity ratio of 0.17. Ichor Holdings, Ltd. has a fifty-two week low of $15.33 and a fifty-two week high of $42.70. The firm’s 50-day simple moving average is $18.08 and its 200 day simple moving average is $26.02. The stock has a market cap of $656.47 million, a PE ratio of -29.60 and a beta of 1.76.

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 analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $244.95 million. During the same period last year, the business earned ($0.09) EPS. The firm’s revenue was up 21.4% on a year-over-year basis. As a group, sell-side analysts predict that Ichor Holdings, Ltd. will post 1.01 EPS for the current year.

Insider Buying and Selling at Ichor

In related news, CEO Jeff Andreson bought 10,000 shares of the 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 purchase, the chief executive officer now owns 285,594 shares in the company, valued at approximately $4,815,114.84. This represents a 3.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.90% of the stock is owned by corporate insiders.

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.