JPMorgan Chase & Co. Acquires 250,383 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

JPMorgan Chase & Co. grew its holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 73.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 590,630 shares of the technology company’s stock after acquiring an additional 250,383 shares during the quarter. JPMorgan Chase & Co. owned 1.75% of Ichor worth $19,030,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Ichor during the 4th quarter worth approximately $8,489,000. Royce & Associates LP increased its position in shares of Ichor by 20.2% during the fourth quarter. Royce & Associates LP now owns 864,245 shares of the technology company’s stock worth $27,846,000 after acquiring an additional 145,278 shares in the last quarter. Hodges Capital Management Inc. raised its holdings in shares of Ichor by 52.0% during the fourth quarter. Hodges Capital Management Inc. now owns 217,125 shares of the technology company’s stock worth $6,996,000 after acquiring an additional 74,255 shares during the period. Barclays PLC lifted its position in Ichor by 377.6% in the 3rd quarter. Barclays PLC now owns 56,787 shares of the technology company’s stock valued at $1,808,000 after acquiring an additional 44,897 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Ichor by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 502,293 shares of the technology company’s stock worth $16,184,000 after purchasing an additional 29,536 shares during the period. Institutional investors and hedge funds own 94.81% of the company’s stock.

Insider Buying and Selling

In other Ichor news, Director Jorge Titinger sold 3,000 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $32.04, for a total value of $96,120.00. Following the transaction, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is owned by insiders.

Ichor Stock Performance

Shares of ICHR stock opened at $18.71 on Friday. The company has a fifty day moving average price of $27.16 and a two-hundred day moving average price of $29.54. Ichor Holdings, Ltd. has a one year low of $15.84 and a one year high of $42.70. The stock has a market cap of $636.20 million, a P/E ratio of -28.78 and a beta of 1.88. 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 issued its earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (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%. As a group, equities analysts predict that Ichor Holdings, Ltd. will post 1.01 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ICHR. StockNews.com lowered Ichor from a “hold” rating to a “sell” rating in a report on Thursday. Needham & Company LLC reissued a “hold” rating on shares of Ichor in a research report on Wednesday, February 5th. Finally, TD Cowen reduced their price target on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, January 17th. One investment 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.29.

Ichor 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.