Gamco Investors INC. ET AL Invests $445,000 in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Gamco Investors INC. ET AL purchased a new stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) in the 4th quarter, HoldingsChannel reports. The fund purchased 13,800 shares of the technology company’s stock, valued at approximately $445,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ICHR. KBC Group NV lifted its stake in shares of Ichor by 83.5% in the fourth quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock valued at $67,000 after buying an additional 949 shares in the last quarter. Globeflex Capital L P bought a new position in Ichor in the 4th quarter valued at about $93,000. KLP Kapitalforvaltning AS acquired a new position in Ichor during the 4th quarter valued at about $193,000. Meeder Asset Management Inc. increased its holdings in Ichor by 12.6% during the 4th quarter. Meeder Asset Management Inc. now owns 6,049 shares of the technology company’s stock worth $195,000 after purchasing an additional 675 shares in the last quarter. Finally, Cornerstone Investment Partners LLC purchased a new stake in shares of Ichor in the fourth quarter worth approximately $201,000. Institutional investors own 94.81% of the company’s stock.

Insider Activity at Ichor

In related news, Director Jorge Titinger sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were 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 trade represents a 23.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.90% of the stock is currently owned by company insiders.

Ichor Stock Performance

Shares of ICHR stock opened at $17.33 on Friday. 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 firm has a market cap of $591.18 million, a price-to-earnings ratio of -26.66 and a beta of 1.88. Ichor Holdings, Ltd. has a 52 week low of $15.84 and a 52 week high of $42.70. The firm’s 50-day simple moving average is $25.41 and its two-hundred day simple moving average is $28.98.

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%. As a group, equities analysts forecast that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ICHR shares. Oppenheimer lowered their price target on Ichor from $35.00 to $25.00 and set a “market perform” rating for the company in a research report on Friday, April 11th. TD Cowen cut their price target on shares of Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, January 17th. StockNews.com lowered shares of Ichor from a “hold” rating to a “sell” rating in a research note on Thursday, April 10th. Finally, Needham & Company LLC reissued 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 issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Ichor currently has an average rating of “Moderate Buy” and an average target price of $40.17.

About Ichor

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.