Ichor Holdings, Ltd. (NASDAQ:ICHR) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 11.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,137 shares of the technology company’s stock after selling 2,441 shares during the quarter. Envestnet Asset Management Inc. owned about 0.06% of Ichor worth $433,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its holdings in Ichor by 0.9% in the 1st quarter. Rhumbline Advisers now owns 99,149 shares of the technology company’s stock valued at $2,242,000 after purchasing an additional 839 shares in the last quarter. Quarry LP raised its position in Ichor by 54.9% in the fourth quarter. Quarry LP now owns 2,426 shares of the technology company’s stock worth $78,000 after acquiring an additional 860 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Ichor by 1.9% during the 4th quarter. Stifel Financial Corp now owns 51,749 shares of the technology company’s stock worth $1,667,000 after purchasing an additional 944 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Ichor by 5.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,780 shares of the technology company’s stock worth $605,000 after purchasing an additional 959 shares during the period. Finally, MetLife Investment Management LLC lifted its stake in shares of Ichor by 6.8% in the fourth quarter. MetLife Investment Management LLC now owns 20,099 shares of the technology company’s stock valued at $648,000 after purchasing an additional 1,285 shares during the period. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor Price Performance

NASDAQ:ICHR opened at $14.55 on Thursday. Ichor Holdings, Ltd. has a 12-month low of $13.12 and a 12-month high of $36.48. The firm has a market cap of $496.55 million, a price-to-earnings ratio of -23.86 and a beta of 1.75. The company’s 50-day moving average is $19.85 and its two-hundred day moving average is $22.64. The company has a current ratio of 3.22, a quick ratio of 1.32 and a debt-to-equity ratio of 0.17.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings data on Monday, August 4th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.11). Ichor had a negative net margin of 2.23% and a negative return on equity of 0.77%. The firm had revenue of $240.29 million for the quarter, compared to analysts’ expectations of $234.51 million. During the same period in the previous year, the company posted $0.05 EPS. The business’s quarterly revenue was up 18.2% on a year-over-year basis. Research analysts expect that Ichor Holdings, Ltd. will post 1.01 EPS for the current year.

Wall Street Analyst Weigh In

ICHR has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Ichor in a report on Tuesday, May 6th. Oppenheimer set a $21.00 target price on Ichor and gave the company a “market perform” rating in a report on Tuesday. Wall Street Zen downgraded Ichor from a “hold” rating to a “sell” rating in a research note on Thursday, April 10th. DA Davidson dropped their target price on shares of Ichor from $45.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday. Finally, TD Cowen reduced their price target on shares of Ichor from $28.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $26.50.

About Ichor

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.