Summit Global Investments Purchases New Position in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Summit Global Investments bought a new position in Ichor Holdings, Ltd. (NASDAQ:ICHR) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 7,848 shares of the technology company’s stock, valued at approximately $253,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Quarry LP grew its holdings in Ichor by 80.4% during the third quarter. Quarry LP now owns 1,566 shares of the technology company’s stock valued at $50,000 after purchasing an additional 698 shares during the period. KBC Group NV grew its position in shares of Ichor by 83.5% during the 4th 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. Globeflex Capital L P bought a new position in shares of Ichor in the fourth quarter worth approximately $93,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Ichor by 28.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock valued at $153,000 after acquiring an additional 1,068 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new position in Ichor during the third quarter valued at approximately $200,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. StockNews.com downgraded Ichor from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Needham & Company LLC reissued a “hold” rating on shares of Ichor in a research note on Wednesday, February 5th. Finally, TD Cowen lowered their price objective on shares of Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Ichor presently has an average rating of “Moderate Buy” and an average target price of $42.29.

Insider Buying and Selling at Ichor

In other news, Director Jorge Titinger sold 3,000 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $32.04, for a total transaction of $96,120.00. Following the completion of the sale, the director now owns 9,832 shares of the company’s stock, valued at $315,017.28. This represents a 23.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.20% of the company’s stock.

Ichor Stock Performance

Shares of Ichor stock opened at $27.38 on Wednesday. The firm’s 50-day moving average is $29.53 and its 200 day moving average is $30.29. The stock has a market cap of $931.00 million, a price-to-earnings ratio of -42.12 and a beta of 1.91. Ichor Holdings, Ltd. has a 1 year low of $24.61 and a 1 year high of $42.70. 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 Tuesday, February 4th. The technology company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.14). Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. Sell-side analysts anticipate that Ichor Holdings, Ltd. will post 1.01 EPS for the current fiscal 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.