Ichor Holdings, Ltd. (NASDAQ:ICHR) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. lifted its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 66.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 133,573 shares of the technology company’s stock after acquiring an additional 53,134 shares during the quarter. Franklin Resources Inc.’s holdings in Ichor were worth $4,304,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ICHR. KBC Group NV increased 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 purchasing an additional 949 shares during the last quarter. Globeflex Capital L P acquired a new stake in shares of Ichor during the fourth quarter worth approximately $93,000. KLP Kapitalforvaltning AS bought a new stake in shares of Ichor in the fourth quarter worth $193,000. Meeder Asset Management Inc. raised its holdings in Ichor by 12.6% in the fourth quarter. Meeder Asset Management Inc. now owns 6,049 shares of the technology company’s stock valued at $195,000 after acquiring an additional 675 shares in the last quarter. Finally, Cornerstone Investment Partners LLC acquired a new stake in Ichor in the fourth quarter valued at $201,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor Stock Down 10.5 %

Shares of Ichor stock opened at $18.71 on Friday. The stock has a market capitalization of $636.20 million, a price-to-earnings ratio of -28.78 and a beta of 1.88. Ichor Holdings, Ltd. has a twelve month low of $15.84 and a twelve 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 business’s 50 day simple moving average is $27.16 and its 200-day simple moving average is $29.54.

Ichor (NASDAQ:ICHR) last issued its 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 return on equity of 1.38% and a negative net margin of 2.45%. Equities research analysts forecast that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ICHR shares. TD Cowen dropped 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. Needham & Company LLC reissued a “hold” rating on shares of Ichor in a report on Wednesday, February 5th. Finally, StockNews.com downgraded Ichor from a “hold” rating to a “sell” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.29.

Insider Activity at Ichor

In other Ichor news, Director Jorge Titinger sold 3,000 shares of the firm’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 value of $96,120.00. Following the sale, the director now owns 9,832 shares in the company, valued at approximately $315,017.28. This trade represents a 23.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is currently owned by insiders.

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.