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

Envestnet Asset Management Inc. grew its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 27.4% in the fourth quarter, HoldingsChannel reports. The fund owned 21,578 shares of the technology company’s stock after buying an additional 4,635 shares during the period. Envestnet Asset Management Inc.’s holdings in Ichor were worth $695,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of ICHR. Janney Montgomery Scott LLC raised its position in shares of Ichor by 1.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 21,531 shares of the technology company’s stock worth $694,000 after buying an additional 373 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Ichor by 1.1% in the fourth quarter. Victory Capital Management Inc. now owns 44,131 shares of the technology company’s stock valued at $1,422,000 after buying an additional 467 shares during the period. Meeder Asset Management Inc. boosted its stake in Ichor by 12.6% during the fourth quarter. Meeder Asset Management Inc. now owns 6,049 shares of the technology company’s stock valued at $195,000 after buying an additional 675 shares in the last quarter. Swiss National Bank lifted its holdings in Ichor by 1.4% in 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, KBC Group NV raised its holdings in shares of Ichor by 83.5% in the 4th quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock worth $67,000 after purchasing an additional 949 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors.

Insider Activity

In other Ichor news, Director Jorge Titinger sold 3,000 shares of the company’s stock in a transaction on Friday, February 7th. The stock was 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 directly owns 9,832 shares in the company, valued at $315,017.28. This represents a 23.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. StockNews.com downgraded Ichor from a “hold” rating to a “sell” rating in a research report on Thursday, April 10th. Oppenheimer lowered their target price on shares of Ichor from $35.00 to $25.00 and set a “market perform” rating on the stock in a research report on Friday, April 11th. Needham & Company LLC restated a “hold” rating on shares of Ichor in a research note on Wednesday, February 5th. Finally, TD Cowen lowered their target price on shares of Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Ichor has a consensus rating of “Moderate Buy” and a consensus target price of $40.17.

Ichor Trading Up 6.0 %

NASDAQ ICHR opened at $20.99 on Friday. The firm has a market cap of $716.03 million, a P/E ratio of -32.29 and a beta of 1.88. Ichor Holdings, Ltd. has a one year low of $15.84 and a one year high of $42.70. The stock’s 50-day moving average is $22.83 and its 200-day moving average is $28.29. 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 announced its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.05) earnings per share 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 earnings per share 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.