Magnetar Financial LLC Buys New Position in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Magnetar Financial LLC acquired a new position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) in the fourth quarter, Holdings Channel reports. The fund acquired 15,585 shares of the technology company’s stock, valued at approximately $502,000.

A number of other hedge funds also recently added to or reduced their stakes in ICHR. Raymond James Financial Inc. acquired a new stake in Ichor during the 4th quarter worth approximately $8,489,000. JPMorgan Chase & Co. lifted its position in Ichor by 157.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 340,247 shares of the technology company’s stock worth $10,823,000 after acquiring an additional 208,328 shares during the period. Royce & Associates LP lifted its position in Ichor by 20.2% during the 4th quarter. Royce & Associates LP now owns 864,245 shares of the technology company’s stock worth $27,846,000 after acquiring an additional 145,278 shares during the period. Meros Investment Management LP lifted its position in Ichor by 85.4% during the 3rd quarter. Meros Investment Management LP now owns 197,119 shares of the technology company’s stock worth $6,270,000 after acquiring an additional 90,791 shares during the period. Finally, Hodges Capital Management Inc. lifted its position in Ichor by 52.0% during the 4th quarter. Hodges Capital Management Inc. now owns 217,125 shares of the technology company’s stock worth $6,996,000 after acquiring an additional 74,255 shares during the period. 94.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ichor

In other Ichor news, Director Jorge Titinger sold 3,000 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $32.04, for a total transaction of $96,120.00. Following the sale, the director now owns 9,832 shares in the company, valued at approximately $315,017.28. This represents a 23.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is owned by insiders.

Ichor Stock Performance

NASDAQ ICHR opened at $26.61 on Friday. Ichor Holdings, Ltd. has a 1-year low of $24.61 and a 1-year high of $42.70. The company has a market capitalization of $904.82 million, a P/E ratio of -40.94 and a beta of 1.91. The business has a 50 day moving average price of $29.67 and a 200 day moving average price of $30.29. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.34 and a quick ratio of 1.49.

Ichor (NASDAQ:ICHR) last announced 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 net margin of 2.45% and a negative return on equity of 1.38%. Sell-side analysts expect that Ichor Holdings, Ltd. will post 1.01 EPS for the current fiscal year.

Analysts Set New Price Targets

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