Tudor Investment Corp ET AL Reduces Holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Tudor Investment Corp ET AL trimmed its position in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 69.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,544 shares of the technology company’s stock after selling 79,115 shares during the period. Tudor Investment Corp ET AL owned 0.10% of Ichor worth $1,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of ICHR. JPMorgan Chase & Co. grew its holdings in Ichor by 157.9% during the third quarter. JPMorgan Chase & Co. now owns 340,247 shares of the technology company’s stock worth $10,823,000 after acquiring an additional 208,328 shares during the period. Barclays PLC raised its position in shares of Ichor by 377.6% in the third quarter. Barclays PLC now owns 56,787 shares of the technology company’s stock valued at $1,808,000 after buying an additional 44,897 shares during the last quarter. Hodges Capital Management Inc. raised its holdings in Ichor by 52.0% in the 4th quarter. Hodges Capital Management Inc. now owns 217,125 shares of the technology company’s stock valued at $6,996,000 after acquiring an additional 74,255 shares during the last quarter. Swiss National Bank increased its holdings in shares of Ichor by 1.4% in the fourth quarter. Swiss National Bank now owns 66,200 shares of the technology company’s stock valued at $2,133,000 after purchasing an additional 900 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Ichor by 27.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 21,578 shares of the technology company’s stock worth $695,000 after acquiring an additional 4,635 shares during the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.

Ichor Stock Down 23.2 %

ICHR stock opened at $16.00 on Wednesday. Ichor Holdings, Ltd. has a 12 month low of $15.38 and a 12 month high of $42.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.34 and a quick ratio of 1.49. The company has a market cap of $545.81 million, a price-to-earnings ratio of -24.62 and a beta of 1.83. The company has a fifty day moving average price of $22.36 and a 200 day moving average price of $28.16.

Ichor (NASDAQ:ICHR) last announced its earnings results on Monday, May 5th. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.14). The company had revenue of $244.47 million during the quarter, compared to analysts’ expectations of $244.95 million. Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. The company’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.09) earnings per share. Sell-side analysts expect that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

Insider Buying and Selling at Ichor

In other Ichor news, Director Jorge Titinger sold 3,000 shares of the firm’s stock in a transaction 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 completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on ICHR shares. DA Davidson reduced their price target on shares of Ichor from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday. Oppenheimer reduced their price target on shares of Ichor from $35.00 to $25.00 and set a “market perform” rating on the stock in a research report on Friday, April 11th. Stifel Nicolaus reduced their price objective on Ichor from $35.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday. Needham & Company LLC reiterated a “hold” rating on shares of Ichor in a research note on Tuesday. Finally, StockNews.com downgraded Ichor from a “hold” rating to a “sell” rating in a report on Thursday, April 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Ichor currently has an average rating of “Moderate Buy” and a consensus target price of $36.29.

Ichor Company 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.