Meeder Asset Management Inc. Purchases 675 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Meeder Asset Management Inc. boosted its position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 12.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,049 shares of the technology company’s stock after buying an additional 675 shares during the period. Meeder Asset Management Inc.’s holdings in Ichor were worth $195,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Quarry LP boosted its position in shares of Ichor by 80.4% during the 3rd quarter. Quarry LP now owns 1,566 shares of the technology company’s stock valued at $50,000 after acquiring an additional 698 shares during the last quarter. KBC Group NV lifted its position in Ichor by 83.5% during the fourth quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock valued at $67,000 after purchasing an additional 949 shares during the last quarter. Globeflex Capital L P purchased a new position in shares of Ichor in the 4th quarter worth $93,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Ichor by 28.5% in 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. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Ichor during the 4th quarter valued at about $193,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Insider Transactions at Ichor

In related news, Director Jorge Titinger sold 3,000 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.04, for a total value of $96,120.00. Following the transaction, the director now owns 9,832 shares of the company’s stock, valued at $315,017.28. This represents a 23.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Needham & Company LLC reissued a “hold” rating on shares of Ichor in a research note on Wednesday, February 5th. TD Cowen cut their target price on Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Finally, StockNews.com downgraded Ichor from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $42.29.

Ichor Stock Performance

Shares of Ichor stock opened at $22.61 on Tuesday. 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 stock’s fifty day moving average is $28.97 and its two-hundred day moving average is $30.18. Ichor Holdings, Ltd. has a 52 week low of $21.88 and a 52 week high of $42.70. The company has a market capitalization of $768.81 million, a PE ratio of -34.78 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates 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, analysts expect that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

About Ichor

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.