Handelsbanken Fonder AB Purchases 2,100 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Handelsbanken Fonder AB increased its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 26.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,100 shares of the technology company’s stock after purchasing an additional 2,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in Ichor were worth $325,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Creative Planning purchased a new stake in Ichor during the third quarter valued at approximately $578,000. Harbor Capital Advisors Inc. raised its position in shares of Ichor by 105.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 39,642 shares of the technology company’s stock worth $1,261,000 after acquiring an additional 20,351 shares in the last quarter. Versor Investments LP bought a new stake in shares of Ichor in the 3rd quarter valued at about $394,000. GSA Capital Partners LLP acquired a new stake in shares of Ichor in the 3rd quarter worth $1,380,000. Finally, Royce & Associates LP increased its holdings in shares of Ichor by 20.8% during the third quarter. Royce & Associates LP now owns 718,967 shares of the technology company’s stock valued at $22,870,000 after acquiring an additional 123,585 shares in the last quarter. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Ichor Stock Down 4.1 %

Shares of ICHR opened at $28.08 on Tuesday. Ichor Holdings, Ltd. has a 12-month low of $25.95 and a 12-month high of $45.21. 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 company’s 50-day moving average price is $31.11 and its 200 day moving average price is $30.66. The firm has a market cap of $954.80 million, a P/E ratio of -43.20 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last released 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 return on equity of 1.38% and a negative net margin of 2.45%. On average, sell-side analysts forecast that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

Insider Activity

In other Ichor news, Director Jorge Titinger sold 3,000 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $32.04, for a total value of $96,120.00. Following the completion of the transaction, the director now owns 9,832 shares in the company, valued at $315,017.28. The trade was a 23.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

ICHR has been the subject of a number of research reports. B. Riley reaffirmed a “buy” rating and set a $38.00 target price (up previously from $36.00) on shares of Ichor in a report on Tuesday, November 5th. StockNews.com cut Ichor from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. Needham & Company LLC reissued a “hold” rating on shares of Ichor in a research note on Wednesday, February 5th. Finally, TD Cowen reduced their target price on shares of Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Ichor 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.