Rhumbline Advisers Purchases 839 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Rhumbline Advisers raised its position in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 0.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,149 shares of the technology company’s stock after purchasing an additional 839 shares during the quarter. Rhumbline Advisers owned 0.29% of Ichor worth $2,242,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ICHR. GAMMA Investing LLC raised its position in shares of Ichor by 1,273.8% during the first quarter. GAMMA Investing LLC now owns 18,766 shares of the technology company’s stock worth $4,240,000 after acquiring an additional 17,400 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Ichor in the fourth quarter valued at $1,474,000. Mackenzie Financial Corp bought a new stake in shares of Ichor during the 4th quarter valued at $682,000. PharVision Advisers LLC bought a new stake in shares of Ichor during the 4th quarter valued at $331,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Ichor by 19.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,633 shares of the technology company’s stock worth $2,115,000 after acquiring an additional 10,729 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors.

Insider Activity at Ichor

In other Ichor news, CEO Jeff Andreson purchased 10,000 shares of the firm’s stock in a transaction on Thursday, May 8th. The stock was bought at an average price of $16.86 per share, with a total value of $168,600.00. Following the transaction, the chief executive officer now directly owns 285,594 shares of the company’s stock, valued at approximately $4,815,114.84. This represents a 3.63% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is owned by insiders.

Ichor Price Performance

Shares of ICHR opened at $17.88 on Tuesday. The business’s 50-day moving average is $18.18 and its two-hundred day moving average is $25.62. The company has a market capitalization of $610.07 million, a P/E ratio of -27.51 and a beta of 1.76. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 3.34. Ichor Holdings, Ltd. has a fifty-two week low of $15.33 and a fifty-two week high of $42.70.

Ichor (NASDAQ:ICHR) last posted its earnings results on Monday, May 5th. The technology company reported $0.12 earnings per share (EPS) 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 analysts’ expectations of $244.95 million. Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. The company’s revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.09) earnings per share. Research analysts predict that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

Analysts Set New Price Targets

ICHR has been the subject of several analyst reports. Wall Street Zen cut Ichor from a “hold” rating to a “sell” rating in a report on Thursday, April 10th. Oppenheimer decreased their target price 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. DA Davidson reduced their target price on Ichor from $50.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, May 6th. Stifel Nicolaus dropped their price target on Ichor from $35.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, May 6th. Finally, TD Cowen lowered their target price on Ichor from $38.00 to $28.00 and set a “buy” rating on the stock 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average 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.