Bailard Inc. Invests $225,000 in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Bailard Inc. acquired a new stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 6,978 shares of the technology company’s stock, valued at approximately $225,000.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of Ichor by 157.9% in the 3rd 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 during the period. State Street Corp increased its holdings in Ichor by 1.8% in the 3rd quarter. State Street Corp now owns 1,232,532 shares of the technology company’s stock valued at $39,207,000 after purchasing an additional 21,804 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Ichor by 65.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,904 shares of the technology company’s stock valued at $1,746,000 after purchasing an additional 21,810 shares during the period. Foundry Partners LLC acquired a new position in Ichor during the third quarter worth $3,107,000. Finally, Mutual of America Capital Management LLC boosted its position in shares of Ichor by 50.1% during the third quarter. Mutual of America Capital Management LLC now owns 121,500 shares of the technology company’s stock worth $3,865,000 after buying an additional 40,575 shares during the period. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor Stock Up 2.1 %

Shares of Ichor stock opened at $28.80 on Thursday. Ichor Holdings, Ltd. has a 52-week low of $25.95 and a 52-week high of $45.21. The company has a 50 day moving average of $31.01 and a 200 day moving average of $30.62. The company has a quick ratio of 1.49, a current ratio of 3.34 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $979.29 million, a P/E ratio of -44.31 and a beta of 1.91.

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

Wall Street Analyst Weigh In

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

Insider Transactions at Ichor

In other Ichor news, Director Jorge Titinger sold 3,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 9,832 shares in the company, valued at $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 available at this hyperlink. Corporate insiders own 2.20% of the company’s stock.

Ichor Company 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.