Gamco Investors INC. ET AL Takes Position in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Gamco Investors INC. ET AL acquired a new position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,800 shares of the technology company’s stock, valued at approximately $445,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ICHR. State Street Corp increased its holdings in shares of Ichor by 1.8% during the third quarter. State Street Corp now owns 1,232,532 shares of the technology company’s stock worth $39,207,000 after buying an additional 21,804 shares in the last quarter. Royce & Associates LP increased its holdings in Ichor by 20.2% in the 4th quarter. Royce & Associates LP now owns 864,245 shares of the technology company’s stock worth $27,846,000 after purchasing an additional 145,278 shares in the last quarter. Geode Capital Management LLC raised its position in Ichor by 3.6% in the third quarter. Geode Capital Management LLC now owns 795,794 shares of the technology company’s stock valued at $25,319,000 after purchasing an additional 27,540 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Ichor by 73.6% during the fourth quarter. JPMorgan Chase & Co. now owns 590,630 shares of the technology company’s stock valued at $19,030,000 after purchasing an additional 250,383 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Ichor by 6.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 502,293 shares of the technology company’s stock worth $16,184,000 after purchasing an additional 29,536 shares during the last quarter. Institutional investors own 94.81% of the company’s stock.

Insider Buying and Selling at Ichor

In related 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 transaction of $96,120.00. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.90% of the company’s stock.

Ichor Price Performance

Shares of NASDAQ ICHR opened at $17.33 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 company has a market capitalization of $591.18 million, a PE ratio of -26.66 and a beta of 1.88. The firm has a fifty day simple moving average of $25.41 and a 200 day simple moving average of $28.98. Ichor Holdings, Ltd. has a twelve month low of $15.84 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 (EPS) 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%. On average, sell-side analysts forecast that Ichor Holdings, Ltd. will post 1.01 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ICHR. Oppenheimer dropped their price objective on shares of Ichor from $35.00 to $25.00 and set a “market perform” rating for the company in a report on Friday, April 11th. Needham & Company LLC reiterated a “hold” rating on shares of Ichor in a report on Wednesday, February 5th. StockNews.com downgraded Ichor from a “hold” rating to a “sell” rating in a report on Thursday, April 10th. Finally, TD Cowen cut their target price on Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.17.

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.