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

Bailard Inc. purchased a new stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,978 shares of the technology company’s stock, valued at approximately $225,000.

Several other hedge funds have also bought and sold shares of ICHR. Harbor Capital Advisors Inc. lifted its stake in shares of Ichor by 105.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 39,642 shares of the technology company’s stock valued at $1,261,000 after purchasing an additional 20,351 shares during the period. Versor Investments LP acquired a new position in shares of Ichor in the third quarter worth about $394,000. GSA Capital Partners LLP purchased a new stake in shares of Ichor during the 3rd quarter worth about $1,380,000. Royce & Associates LP grew its position in shares of Ichor by 20.8% during the 3rd quarter. Royce & Associates LP now owns 718,967 shares of the technology company’s stock valued at $22,870,000 after acquiring an additional 123,585 shares during the period. Finally, Mutual of America Capital Management LLC increased its stake in shares of Ichor by 50.1% in the 3rd quarter. Mutual of America Capital Management LLC now owns 121,500 shares of the technology company’s stock valued at $3,865,000 after purchasing an additional 40,575 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Ichor Trading Up 2.1 %

Shares of ICHR opened at $28.80 on Thursday. The firm’s fifty day moving average is $31.01 and its two-hundred day moving average is $30.62. The stock has a market cap of $979.29 million, a PE ratio of -44.31 and a beta of 1.91. The company has a quick ratio of 1.49, a current ratio of 3.34 and a debt-to-equity ratio of 0.17. Ichor Holdings, Ltd. has a 52-week low of $25.95 and a 52-week high of $45.21.

Ichor (NASDAQ:ICHR) last released its quarterly earnings data 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%. Research analysts forecast that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ichor news, Director Jorge Titinger sold 3,000 shares of Ichor stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $32.04, for a total transaction of $96,120.00. Following the transaction, the director now directly owns 9,832 shares of the company’s stock, valued at $315,017.28. The trade was a 23.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

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.