Globeflex Capital L P Makes New Investment in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Globeflex Capital L P purchased a new stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,890 shares of the technology company’s stock, valued at approximately $93,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp boosted its holdings in shares of Ichor by 1.8% during the third quarter. State Street Corp now owns 1,232,532 shares of the technology company’s stock valued at $39,207,000 after acquiring an additional 21,804 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Ichor by 3.6% during the third quarter. Geode Capital Management LLC now owns 795,794 shares of the technology company’s stock valued at $25,319,000 after acquiring an additional 27,540 shares during the period. Royce & Associates LP boosted its holdings in shares of Ichor by 20.8% during the third quarter. Royce & Associates LP now owns 718,967 shares of the technology company’s stock valued at $22,870,000 after acquiring an additional 123,585 shares during the period. Westfield Capital Management Co. LP boosted its holdings in shares of Ichor by 4.5% during the third quarter. Westfield Capital Management Co. LP now owns 580,818 shares of the technology company’s stock valued at $18,476,000 after acquiring an additional 24,889 shares during the period. Finally, Segall Bryant & Hamill LLC boosted its holdings in shares of Ichor by 26.8% during the third quarter. Segall Bryant & Hamill LLC now owns 568,117 shares of the technology company’s stock valued at $18,072,000 after acquiring an additional 120,133 shares during the period. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor Price Performance

Shares of Ichor stock opened at $26.76 on Friday. 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 company’s 50-day moving average price is $30.25 and its two-hundred day moving average price is $30.40. Ichor Holdings, Ltd. has a 52 week low of $24.61 and a 52 week high of $42.70. The stock has a market cap of $909.92 million, a PE ratio of -41.17 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results 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 return on equity of 1.38% and a negative net margin of 2.45%. As a group, sell-side analysts anticipate that Ichor Holdings, Ltd. will post 1.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ICHR. StockNews.com downgraded shares of Ichor from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. TD Cowen reduced 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. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Ichor in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $42.29.

Insiders Place Their Bets

In other Ichor news, Director Jorge Titinger sold 3,000 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.04, for a total transaction of $96,120.00. Following the sale, the director now owns 9,832 shares in the company, valued at approximately $315,017.28. The trade was a 23.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is owned by company insiders.

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.