Ichor Holdings, Ltd. (NASDAQ:ICHR) Shares Bought by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP grew its position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 162.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 335,867 shares of the technology company’s stock after purchasing an additional 208,117 shares during the period. Westfield Capital Management Co. LP owned 1.02% of Ichor worth $12,971,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ICHR. S Squared Technology LLC acquired a new stake in shares of Ichor during the 4th quarter worth about $5,525,000. Wellington Management Group LLP boosted its position in shares of Ichor by 68.5% in the fourth quarter. Wellington Management Group LLP now owns 291,389 shares of the technology company’s stock worth $9,799,000 after acquiring an additional 118,498 shares during the last quarter. First Eagle Investment Management LLC boosted its position in shares of Ichor by 36.5% in the fourth quarter. First Eagle Investment Management LLC now owns 425,398 shares of the technology company’s stock worth $14,306,000 after acquiring an additional 113,691 shares during the last quarter. Pinnacle Associates Ltd. boosted its position in shares of Ichor by 27.0% in the fourth quarter. Pinnacle Associates Ltd. now owns 498,955 shares of the technology company’s stock worth $16,780,000 after acquiring an additional 105,934 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Ichor by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,764,749 shares of the technology company’s stock worth $59,350,000 after acquiring an additional 56,725 shares during the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.

Ichor Stock Performance

Shares of ICHR traded down $1.36 during mid-day trading on Friday, reaching $35.59. 283,124 shares of the stock traded hands, compared to its average volume of 359,234. The stock has a fifty day simple moving average of $38.50 and a 200 day simple moving average of $38.59. Ichor Holdings, Ltd. has a 12-month low of $22.26 and a 12-month high of $46.43. 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 (NASDAQ:ICHR) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). The firm had revenue of $201.38 million for the quarter, compared to analysts’ expectations of $200.00 million. Ichor had a negative net margin of 6.61% and a negative return on equity of 2.93%. On average, equities research analysts predict that Ichor Holdings, Ltd. will post -0.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of Ichor from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. B. Riley raised shares of 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 report on Friday, April 19th. Craig Hallum reduced their price target on shares of Ichor from $55.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Needham & Company LLC reaffirmed a “hold” rating and set a $42.00 price target on shares of Ichor in a research report on Wednesday, May 8th. Finally, TD Cowen lifted their price target on shares of Ichor from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $46.60.

Insider Activity

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

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.