Invesco Ltd. Has $35.50 Million Stake in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Invesco Ltd. lowered its position in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 30.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,101,814 shares of the technology company’s stock after selling 493,794 shares during the period. Invesco Ltd. owned 3.27% of Ichor worth $35,500,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ICHR. Raymond James Financial Inc. bought a new stake in Ichor in the fourth quarter worth approximately $8,489,000. JPMorgan Chase & Co. boosted its holdings in Ichor by 73.6% in the fourth quarter. JPMorgan Chase & Co. now owns 590,630 shares of the technology company’s stock worth $19,030,000 after purchasing an additional 250,383 shares in the last quarter. Royce & Associates LP increased its position in 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 buying an additional 145,278 shares during the last quarter. Hodges Capital Management Inc. raised its holdings in Ichor by 52.0% during the fourth quarter. Hodges Capital Management Inc. now owns 217,125 shares of the technology company’s stock valued at $6,996,000 after buying an additional 74,255 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Ichor by 66.1% in the fourth quarter. Franklin Resources Inc. now owns 133,573 shares of the technology company’s stock worth $4,304,000 after buying an additional 53,134 shares during the last quarter. Institutional investors own 94.81% of the company’s stock.

Insider Buying and Selling at Ichor

In other news, Director Jorge Titinger sold 3,000 shares of Ichor stock in a transaction that occurred 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 sale, the director now owns 9,832 shares of the company’s stock, valued at approximately $315,017.28. This trade represents a 23.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.20% of the company’s stock.

Ichor Trading Down 4.6 %

Shares of Ichor stock opened at $17.07 on Thursday. The company has a market cap of $582.31 million, a price-to-earnings ratio of -26.26 and a beta of 1.88. Ichor Holdings, Ltd. has a 1 year low of $15.84 and a 1 year high of $42.70. The company’s fifty day simple moving average is $26.05 and its 200-day simple moving average is $29.18. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ICHR shares. Needham & Company LLC reissued a “hold” rating on shares of Ichor in a report on Wednesday, February 5th. StockNews.com lowered shares of Ichor from a “hold” rating to a “sell” rating in a research report on Thursday, April 10th. TD Cowen decreased 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, 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 note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ichor presently has an average rating of “Moderate Buy” and an average price target of $40.17.

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.