Ichor Holdings, Ltd. (NASDAQ:ICHR) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 218,218 shares of the technology company’s stock after acquiring an additional 3,465 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.65% of Ichor worth $7,031,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd raised its stake in shares of Ichor by 45.5% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 9,464 shares of the technology company’s stock worth $305,000 after buying an additional 2,960 shares during the period. Handelsbanken Fonder AB increased its position in shares of Ichor by 26.3% during the fourth quarter. Handelsbanken Fonder AB now owns 10,100 shares of the technology company’s stock worth $325,000 after purchasing an additional 2,100 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Ichor by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 163,885 shares of the technology company’s stock worth $5,280,000 after purchasing an additional 4,851 shares in the last quarter. Tectonic Advisors LLC increased its position in shares of Ichor by 6.4% during the fourth quarter. Tectonic Advisors LLC now owns 35,593 shares of the technology company’s stock worth $1,147,000 after purchasing an additional 2,132 shares in the last quarter. Finally, Hodges Capital Management Inc. increased its position 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 purchasing an additional 74,255 shares in the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ICHR has been the subject of several research reports. TD Cowen dropped 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. Needham & Company LLC reiterated a “hold” rating on shares of Ichor in a research report on Wednesday, February 5th. Finally, StockNews.com cut Ichor from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.29.

Ichor Stock Up 4.4 %

Shares of NASDAQ:ICHR opened at $26.76 on Friday. The company has a quick ratio of 1.49, a current ratio of 3.34 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average of $30.25 and a two-hundred day moving average of $30.40. The stock has a market cap of $909.92 million, a P/E ratio of -41.17 and a beta of 1.91. Ichor Holdings, Ltd. has a 52-week low of $24.61 and a 52-week high of $42.70.

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%. On average, research analysts expect that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

Insider Transactions at Ichor

In other news, Director Jorge Titinger sold 3,000 shares of the 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 transaction, the director now directly owns 9,832 shares in the company, valued at approximately $315,017.28. This represents a 23.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.20% of the company’s stock.

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.