Ichor Holdings Ltd (ICHR) Position Lessened by Delphi Management Inc. MA
Delphi Management Inc. MA trimmed its holdings in shares of Ichor Holdings Ltd (NASDAQ:ICHR) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,808 shares of the technology company’s stock after selling 2,862 shares during the quarter. Delphi Management Inc. MA’s holdings in Ichor were worth $1,187,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of ICHR. Financial Architects Inc acquired a new stake in shares of Ichor during the 4th quarter worth about $41,000. Quantamental Technologies LLC acquired a new stake in shares of Ichor during the 4th quarter worth about $47,000. SevenBridge Financial Group LLC increased its position in shares of Ichor by 212.5% during the 4th quarter. SevenBridge Financial Group LLC now owns 3,750 shares of the technology company’s stock worth $61,000 after purchasing an additional 2,550 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new stake in shares of Ichor during the 4th quarter worth about $142,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Ichor during the 3rd quarter worth about $159,000. 99.79% of the stock is owned by hedge funds and other institutional investors.
NASDAQ ICHR opened at $21.86 on Thursday. The stock has a market capitalization of $489.01 million, a price-to-earnings ratio of 7.84 and a beta of 2.85. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.41 and a quick ratio of 1.03. Ichor Holdings Ltd has a 1-year low of $14.23 and a 1-year high of $27.48.
Several equities analysts have weighed in on the company. ValuEngine raised Ichor from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Zacks Investment Research raised Ichor from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 9th. BidaskClub raised Ichor from a “hold” rating to a “buy” rating in a research report on Saturday, February 2nd. Needham & Company LLC assumed coverage on Ichor in a research report on Friday, December 21st. They issued a “buy” rating and a $22.00 target price for the company. Finally, DA Davidson assumed coverage on Ichor in a research report on Thursday, March 7th. They issued a “buy” rating and a $30.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Ichor has a consensus rating of “Hold” and an average target price of $28.17.
In other news, CTO Philip Ryan Sr. Barros sold 28,457 shares of Ichor stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $21.57, for a total value of $613,817.49. Following the completion of the transaction, the chief technology officer now owns 33,062 shares in the company, valued at approximately $713,147.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Kevin M. Canty sold 1,750 shares of Ichor stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $21.89, for a total value of $38,307.50. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
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Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States, the United Kingdom, Singapore, Malaysia, and South Korea. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices.
Further Reading: Cost of Capital Explained
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