Illinois Municipal Retirement Fund Reduces Stock Holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Illinois Municipal Retirement Fund trimmed its position in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,099 shares of the technology company’s stock after selling 972 shares during the period. Illinois Municipal Retirement Fund owned about 0.05% of Ichor worth $583,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC boosted its position in Ichor by 1.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 21,531 shares of the technology company’s stock worth $694,000 after purchasing an additional 373 shares during the last quarter. Quarry LP raised its stake in shares of Ichor by 80.4% in 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 period. KBC Group NV raised its stake in shares of Ichor by 83.5% in the fourth quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock worth $67,000 after buying an additional 949 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Ichor by 28.5% in the third 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 period. Finally, Handelsbanken Fonder AB raised its stake in shares of Ichor by 26.3% in the fourth quarter. Handelsbanken Fonder AB now owns 10,100 shares of the technology company’s stock worth $325,000 after buying an additional 2,100 shares during the period. 94.81% of the stock is owned by hedge funds and other institutional investors.

Ichor Stock Down 4.1 %

Shares of ICHR opened at $28.08 on Tuesday. The business’s 50 day moving average is $31.11 and its 200 day moving average is $30.66. The company has a market capitalization of $954.80 million, a PE ratio of -43.20 and a beta of 1.91. Ichor Holdings, Ltd. has a 12-month low of $25.95 and a 12-month high of $45.21. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17.

Ichor (NASDAQ:ICHR) last released 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 return on equity of 1.38% and a negative net margin of 2.45%. Research analysts expect that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ichor news, Director Jorge Titinger sold 3,000 shares of Ichor 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 sale, the director now owns 9,832 shares of the company’s stock, 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 SEC, which is available through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com downgraded Ichor from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. B. Riley reaffirmed a “buy” rating and issued a $38.00 price objective (up previously from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. TD Cowen decreased their price objective on Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Ichor in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $42.29.

Ichor 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.