First Eagle Investment Management LLC Reduces Stake in Ichor Holdings, Ltd. (NASDAQ:ICHR)

First Eagle Investment Management LLC lowered its position in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 17.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 372,295 shares of the technology company’s stock after selling 80,853 shares during the period. First Eagle Investment Management LLC owned approximately 1.10% of Ichor worth $11,995,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Quarry LP boosted its position in Ichor by 80.4% in the 3rd quarter. Quarry LP now owns 1,566 shares of the technology company’s stock worth $50,000 after purchasing an additional 698 shares in the last quarter. KBC Group NV boosted its position in Ichor by 83.5% in 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Ichor by 28.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock worth $153,000 after purchasing an additional 1,068 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in Ichor in the 3rd quarter worth approximately $200,000. Finally, Cornerstone Investment Partners LLC purchased a new stake in Ichor in the 4th quarter worth approximately $201,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ichor Stock Up 4.4 %

NASDAQ ICHR opened at $26.76 on Friday. The business has a fifty day moving average price of $30.25 and a 200 day moving average price of $30.40. Ichor Holdings, Ltd. has a one year low of $24.61 and a one year high of $42.70. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 3.34. The company has a market cap of $909.92 million, a P/E ratio of -41.17 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.05) EPS for the quarter, missing the consensus estimate 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 anticipate that Ichor Holdings, Ltd. will post 1.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ICHR shares. TD Cowen lowered their price objective 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 reaffirmed a “hold” rating on shares of Ichor in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $42.29.

Insider Activity at Ichor

In related 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 value of $96,120.00. Following the completion of the transaction, the director now directly owns 9,832 shares of the company’s stock, valued at approximately $315,017.28. This represents a 23.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is 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.