Lombard Odier Asset Management Europe Ltd Purchases Shares of 57,584 Ichor Holdings, Ltd. $ICHR

Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 57,584 shares of the technology company’s stock, valued at approximately $2,684,000.

Several other large investors have also recently modified their holdings of the stock. SG Americas Securities LLC grew its position in Ichor by 295.5% during the 4th quarter. SG Americas Securities LLC now owns 26,073 shares of the technology company’s stock worth $481,000 after acquiring an additional 19,481 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Ichor in the fourth quarter valued at approximately $607,000. Cambiar Investors LLC purchased a new stake in shares of Ichor during the fourth quarter valued at approximately $1,595,000. Kennedy Capital Management LLC grew its holdings in shares of Ichor by 20.9% in the fourth quarter. Kennedy Capital Management LLC now owns 892,524 shares of the technology company’s stock worth $16,449,000 after purchasing an additional 154,404 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Ichor by 1,272.0% in the fourth quarter. Farther Finance Advisors LLC now owns 20,868 shares of the technology company’s stock worth $385,000 after purchasing an additional 19,347 shares during the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ICHR. TD Cowen increased their price target on shares of Ichor from $80.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Oppenheimer increased their target price on shares of Ichor from $36.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, May 5th. Needham & Company LLC boosted their price target on Ichor from $48.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Zacks Research lowered Ichor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Finally, B. Riley Financial increased their price objective on Ichor from $90.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.29.

Insider Buying and Selling

In related news, Director Marc Haugen sold 9,923 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $72.11, for a total value of $715,547.53. Following the completion of the transaction, the director directly owned 16,162 shares in the company, valued at $1,165,441.82. This trade represents a 38.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Greg Swyt sold 19,662 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $70.42, for a total value of $1,384,598.04. Following the transaction, the chief financial officer directly owned 60,971 shares of the company’s stock, valued at approximately $4,293,577.82. This trade represents a 24.38% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 79,447 shares of company stock worth $5,678,621 over the last 90 days. Corporate insiders own 1.70% of the company’s stock.

Ichor Stock Performance

NASDAQ:ICHR opened at $75.27 on Monday. The company has a 50-day moving average price of $85.48 and a 200-day moving average price of $62.53. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of -50.86 and a beta of 1.82. The company has a current ratio of 2.82, a quick ratio of 1.21 and a debt-to-equity ratio of 0.17. Ichor Holdings, Ltd. has a 12 month low of $13.12 and a 12 month high of $113.58.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Monday, May 4th. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. Ichor had a negative net margin of 5.28% and a negative return on equity of 1.10%. The company had revenue of $256.07 million for the quarter, compared to analysts’ expectations of $251.32 million. During the same quarter in the previous year, the company earned $0.12 earnings per share. Ichor’s quarterly revenue was up 4.7% on a year-over-year basis. Equities analysts predict that Ichor Holdings, Ltd. will post 0.97 EPS for the current year.

About Ichor

Ichor Holdings Ltd. is a global supplier of critical subsystems used in the fabrication of semiconductor devices. The company specializes in the design, engineering and manufacturing of gas delivery systems, vacuum pumps and abatement solutions that manage process gases and by-products in wafer-processing tools. Its modular subsystems are designed to integrate with lithography, etch, deposition and cleaning equipment, helping to ensure precise control of gas flow, pressure and purity throughout the chip-manufacturing cycle.

Founded in the mid-1980s and headquartered in Fremont, California, Ichor has expanded its footprint across Asia, Europe and North America.