Principal Financial Group Inc. Decreases Holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Principal Financial Group Inc. cut its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 0.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 152,705 shares of the technology company’s stock after selling 318 shares during the quarter. Principal Financial Group Inc.’s holdings in Ichor were worth $5,897,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. CWM LLC increased its holdings in Ichor by 87.1% in the 4th quarter. CWM LLC now owns 1,100 shares of the technology company’s stock worth $37,000 after acquiring an additional 512 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in Ichor in the 4th quarter worth about $41,000. PNC Financial Services Group Inc. increased its holdings in Ichor by 39.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the technology company’s stock worth $102,000 after acquiring an additional 854 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Ichor in the 4th quarter worth about $181,000. Finally, Linden Thomas Advisory Services LLC boosted its stake in Ichor by 20.9% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 9,696 shares of the technology company’s stock worth $326,000 after purchasing an additional 1,676 shares during the period. 94.81% of the stock is owned by hedge funds and other institutional investors.

Ichor Trading Down 0.1 %

Shares of ICHR traded down $0.03 during mid-day trading on Friday, reaching $40.18. The company’s stock had a trading volume of 32,598 shares, compared to its average volume of 308,963. The stock has a market cap of $1.35 billion, a PE ratio of -22.72 and a beta of 1.94. The company has a current ratio of 4.16, a quick ratio of 1.78 and a debt-to-equity ratio of 0.18. Ichor Holdings, Ltd. has a 52 week low of $22.26 and a 52 week high of $46.43. The company’s fifty day moving average price is $38.19 and its two-hundred day moving average price is $38.04.

Ichor (NASDAQ:ICHR) last issued its earnings results on Tuesday, May 7th. The technology company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.04). Ichor had a negative return on equity of 2.93% and a negative net margin of 6.61%. The firm had revenue of $201.38 million during the quarter, compared to analysts’ expectations of $200.00 million. On average, analysts predict that Ichor Holdings, Ltd. will post -0.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on ICHR shares. Needham & Company LLC restated a “hold” rating and issued a $42.00 target price on shares of Ichor in a research note on Wednesday, May 8th. B. Riley upgraded Ichor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $40.00 to $48.00 in a research note on Friday, April 19th. Stifel Nicolaus raised their target price on Ichor from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. TD Cowen lifted their price target on Ichor from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Finally, StockNews.com upgraded Ichor from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $46.60.

Insider Buying and Selling

In other Ichor news, CEO Jeff Andreson sold 21,400 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $38.74, for a total transaction of $829,036.00. Following the transaction, the chief executive officer now directly owns 282,141 shares of the company’s stock, valued at approximately $10,930,142.34. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.20% of the stock is owned by insiders.

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.