Headlands Technologies LLC Cuts Stock Position in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Headlands Technologies LLC lessened its holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 79.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,199 shares of the technology company’s stock after selling 4,532 shares during the quarter. Headlands Technologies LLC’s holdings in Ichor were worth $39,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Quarry LP increased its holdings in Ichor by 80.4% during the third quarter. Quarry LP now owns 1,566 shares of the technology company’s stock worth $50,000 after buying an additional 698 shares during the last quarter. KBC Group NV grew its position in shares of Ichor by 83.5% during the 4th quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock valued at $67,000 after acquiring an additional 949 shares during the period. Globeflex Capital L P purchased a new stake in shares of Ichor during the 4th quarter worth approximately $93,000. Zurcher Kantonalbank Zurich Cantonalbank raised 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 purchasing an additional 1,068 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in Ichor in the fourth quarter valued at approximately $193,000. 94.81% of the stock is currently owned by institutional investors.

Insider Transactions at Ichor

In related news, Director Jorge Titinger sold 3,000 shares of the 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.20% of the company’s stock.

Ichor Trading Down 4.9 %

Shares of ICHR stock opened at $16.67 on Wednesday. The company has a market capitalization of $566.83 million, a PE ratio of -25.65 and a beta of 1.88. Ichor Holdings, Ltd. has a 52-week low of $15.84 and a 52-week high of $42.70. The business’s fifty day moving average is $27.59 and its 200 day moving average is $29.70. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 3.34.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results 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, equities research analysts anticipate that Ichor Holdings, Ltd. will post 1.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ICHR shares. Needham & Company LLC restated a “hold” rating on shares of Ichor in a research note on Wednesday, February 5th. TD Cowen lowered their target price on shares of Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Finally, StockNews.com raised Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, April 2nd. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Ichor currently has an average rating of “Moderate Buy” and an average target price of $42.29.

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.