Segall Bryant & Hamill LLC Sells 28,405 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Segall Bryant & Hamill LLC reduced its position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 539,712 shares of the technology company’s stock after selling 28,405 shares during the period. Segall Bryant & Hamill LLC owned about 1.60% of Ichor worth $17,390,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP grew 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 purchasing an additional 698 shares during the last quarter. KBC Group NV lifted its holdings in Ichor by 83.5% during the 4th 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. Globeflex Capital L P bought a new stake in shares of Ichor in the 4th quarter valued at about $93,000. Zurcher Kantonalbank Zurich Cantonalbank increased 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 valued at $153,000 after buying an additional 1,068 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Ichor during the fourth quarter worth about $193,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on ICHR shares. TD Cowen decreased their target price on shares of Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, January 17th. StockNews.com cut shares of Ichor from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. Finally, Needham & Company LLC restated a “hold” rating on shares of Ichor in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.29.

Insider Activity

In related news, Director Jorge Titinger sold 3,000 shares of Ichor stock in a transaction on Friday, February 7th. The shares were 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Ichor Trading Up 0.8 %

NASDAQ:ICHR opened at $27.38 on Wednesday. Ichor Holdings, Ltd. has a 12 month low of $24.61 and a 12 month high of $42.70. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $931.00 million, a price-to-earnings ratio of -42.12 and a beta of 1.91. The firm has a fifty day simple moving average of $29.53 and a two-hundred day simple moving average of $30.29.

Ichor (NASDAQ:ICHR) last issued its earnings results on Tuesday, February 4th. The technology company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.14). Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. Analysts expect that Ichor Holdings, Ltd. will post 1.01 EPS for the current fiscal year.

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.