Quantbot Technologies LP Buys 75,240 Shares of Ichor Holdings, Ltd. $ICHR

Quantbot Technologies LP grew its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 229.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 107,999 shares of the technology company’s stock after acquiring an additional 75,240 shares during the quarter. Quantbot Technologies LP’s holdings in Ichor were worth $1,892,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. US Bancorp DE grew its position in Ichor by 40.0% during the 3rd quarter. US Bancorp DE now owns 22,367 shares of the technology company’s stock valued at $392,000 after purchasing an additional 6,390 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in Ichor by 30.1% in the third quarter. Pacific Ridge Capital Partners LLC now owns 27,234 shares of the technology company’s stock worth $477,000 after buying an additional 6,304 shares during the last quarter. Fox Run Management L.L.C. lifted its stake in shares of Ichor by 13.4% in the third quarter. Fox Run Management L.L.C. now owns 24,479 shares of the technology company’s stock worth $429,000 after buying an additional 2,895 shares in the last quarter. CenterBook Partners LP bought a new position in shares of Ichor in the third quarter worth approximately $263,000. Finally, Public Sector Pension Investment Board grew its holdings in shares of Ichor by 15.2% during the third quarter. Public Sector Pension Investment Board now owns 133,910 shares of the technology company’s stock valued at $2,346,000 after buying an additional 17,632 shares during the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ichor Trading Up 2.6%

Shares of NASDAQ:ICHR opened at $46.65 on Thursday. The stock’s 50-day simple moving average is $33.97 and its two-hundred day simple moving average is $23.63. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -30.29 and a beta of 1.76. Ichor Holdings, Ltd. has a 52-week low of $13.12 and a 52-week high of $55.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.38 and a current ratio of 3.16.

Analyst Ratings Changes

ICHR has been the subject of a number of recent analyst reports. B. Riley Financial upgraded shares of Ichor from a “neutral” rating to a “buy” rating in a report on Tuesday, February 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a research note on Monday, December 29th. Oppenheimer increased their price objective on Ichor from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Tuesday, February 10th. Wall Street Zen raised Ichor from a “strong sell” rating to a “hold” rating in a research report on Sunday, February 15th. Finally, Needham & Company LLC upped their target price on shares of Ichor from $36.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $39.57.

Insiders Place Their Bets

In other news, COO Bruce Ragsdale sold 21,276 shares of Ichor stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $49.66, for a total transaction of $1,056,566.16. Following the transaction, the chief operating officer owned 97,661 shares in the company, valued at $4,849,845.26. This trade represents a 17.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Greg Swyt sold 3,000 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $51.20, for a total value of $153,600.00. Following the completion of the transaction, the chief financial officer directly owned 78,679 shares in the company, valued at approximately $4,028,364.80. This represents a 3.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 120,259 shares of company stock valued at $5,689,250. 1.90% of the stock is currently owned by corporate insiders.

Ichor Company Profile

Ichor Holdings Ltd. is a global supplier of critical subsystems used in the fabrication of semiconductor devices. The company specializes in the design, engineering and manufacturing of gas delivery systems, vacuum pumps and abatement solutions that manage process gases and by-products in wafer-processing tools. Its modular subsystems are designed to integrate with lithography, etch, deposition and cleaning equipment, helping to ensure precise control of gas flow, pressure and purity throughout the chip-manufacturing cycle.

Founded in the mid-1980s and headquartered in Fremont, California, Ichor has expanded its footprint across Asia, Europe and North America.