Janney Montgomery Scott LLC Acquires 373 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Janney Montgomery Scott LLC lifted its holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,531 shares of the technology company’s stock after acquiring an additional 373 shares during the period. Janney Montgomery Scott LLC owned 0.06% of Ichor worth $694,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings in Ichor by 136.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock valued at $34,000 after buying an additional 625 shares in the last quarter. Signaturefd LLC boosted its position in shares of Ichor by 214.6% during the third quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock worth $40,000 after acquiring an additional 854 shares during the last quarter. Quarry LP boosted its position in shares of Ichor by 80.4% during the third quarter. Quarry LP now owns 1,566 shares of the technology company’s stock worth $50,000 after acquiring an additional 698 shares during the last quarter. CWM LLC grew its stake in Ichor by 134.9% during the third quarter. CWM LLC now owns 3,617 shares of the technology company’s stock valued at $115,000 after acquiring an additional 2,077 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Ichor by 28.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock valued at $153,000 after acquiring an additional 1,068 shares during the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Analyst Upgrades and Downgrades

ICHR has been the subject of a number of research analyst reports. TD Cowen cut their price objective on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, January 17th. B. Riley restated a “buy” rating and set a $38.00 price target (up previously from $36.00) on shares of Ichor in a report on Tuesday, November 5th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Ichor in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $42.29.

Ichor Stock Down 0.3 %

Shares of ICHR opened at $32.40 on Friday. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average of $31.34 and a 200 day moving average of $30.63. The company has a market cap of $1.09 billion, a PE ratio of -34.84 and a beta of 1.91. Ichor Holdings, Ltd. has a 52-week low of $25.95 and a 52-week high of $46.43.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.14). Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. On average, sell-side analysts expect that Ichor Holdings, Ltd. will post -0.28 EPS for the current year.

Insider Transactions at Ichor

In other news, Director Jorge Titinger sold 3,000 shares of Ichor 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 approximately $315,017.28. This trade 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 can be accessed through this link. 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.