Alpha DNA Investment Management LLC Takes $421,000 Position in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Alpha DNA Investment Management LLC purchased a new position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 13,056 shares of the technology company’s stock, valued at approximately $421,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of Ichor by 157.9% in the third quarter. JPMorgan Chase & Co. now owns 340,247 shares of the technology company’s stock valued at $10,823,000 after acquiring an additional 208,328 shares in the last quarter. State Street Corp raised its stake in shares of Ichor by 1.8% during the 3rd quarter. State Street Corp now owns 1,232,532 shares of the technology company’s stock worth $39,207,000 after buying an additional 21,804 shares in the last quarter. Barclays PLC lifted its holdings in shares of Ichor by 377.6% in the 3rd 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 period. Hodges Capital Management Inc. boosted its stake in shares of Ichor by 52.0% in the fourth quarter. Hodges Capital Management Inc. now owns 217,125 shares of the technology company’s stock valued at $6,996,000 after buying an additional 74,255 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in Ichor by 8.6% during the third quarter. Stifel Financial Corp now owns 50,805 shares of the technology company’s stock worth $1,616,000 after acquiring an additional 4,036 shares during the period. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ichor

In related news, Director Jorge Titinger sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $32.04, for a total transaction of $96,120.00. Following the completion of the transaction, the director now owns 9,832 shares of the company’s stock, valued at approximately $315,017.28. This represents a 23.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

Ichor Stock Up 1.5 %

Shares of NASDAQ:ICHR opened at $17.33 on Friday. The stock’s fifty day simple moving average is $25.41 and its 200-day simple moving average is $29.00. Ichor Holdings, Ltd. has a 52-week low of $15.84 and a 52-week high of $42.70. The company has a market capitalization of $591.18 million, a P/E ratio of -26.66 and a beta of 1.88. The company has a quick ratio of 1.49, a current ratio of 3.34 and a debt-to-equity ratio of 0.17.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share 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%. As a group, equities research analysts forecast that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ICHR. Needham & Company LLC restated a “hold” rating on shares of Ichor in a research report on Wednesday, February 5th. StockNews.com cut shares of Ichor from a “hold” rating to a “sell” rating in a report on Thursday, April 10th. TD Cowen lowered their price target on Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Finally, Oppenheimer reduced their price objective on Ichor from $35.00 to $25.00 and set a “market perform” rating for the company in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Ichor presently has an average rating of “Moderate Buy” and an average target price of $40.17.

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.