Ichor Holdings, Ltd. (NASDAQ:ICHR) Shares Purchased by Swiss National Bank

Swiss National Bank increased its position in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,200 shares of the technology company’s stock after acquiring an additional 900 shares during the period. Swiss National Bank owned approximately 0.20% of Ichor worth $2,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP raised its stake in shares of Ichor by 80.4% in the third quarter. Quarry LP now owns 1,566 shares of the technology company’s stock worth $50,000 after purchasing an additional 698 shares during the last quarter. KBC Group NV raised its position in Ichor by 83.5% during the 4th quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock worth $67,000 after buying an additional 949 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Ichor by 28.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock worth $153,000 after buying an additional 1,068 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in Ichor during the 3rd quarter valued at approximately $200,000. Finally, Cornerstone Investment Partners LLC purchased a new stake in shares of Ichor in the 4th quarter valued at $201,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor Stock Performance

NASDAQ ICHR opened at $25.18 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 stock has a market cap of $856.20 million, a PE ratio of -38.74 and a beta of 1.91. The stock has a fifty day simple moving average of $29.29 and a 200-day simple moving average of $30.22. Ichor Holdings, Ltd. has a twelve month low of $24.61 and a twelve month high of $42.70.

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 analysts’ consensus estimates of $0.09 by ($0.14). Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. Equities analysts anticipate 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 firm’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 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ICHR shares. Needham & Company LLC restated a “hold” rating on shares of Ichor in a research report on Wednesday, February 5th. TD Cowen decreased their price objective on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a report on Friday, January 17th. Finally, StockNews.com lowered Ichor from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.