Connor Clark & Lunn Investment Management Ltd. Trims Position in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Connor Clark & Lunn Investment Management Ltd. decreased its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 11.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,200 shares of the technology company’s stock after selling 11,492 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.26% of Ichor worth $2,874,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Janney Montgomery Scott LLC grew its holdings in Ichor by 1.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 21,531 shares of the technology company’s stock valued at $694,000 after buying an additional 373 shares during the period. Victory Capital Management Inc. grew its stake in shares of Ichor by 1.1% during the 4th quarter. Victory Capital Management Inc. now owns 44,131 shares of the technology company’s stock valued at $1,422,000 after buying an additional 467 shares during the period. Quarry LP increased its holdings in shares of Ichor by 80.4% during the 3rd quarter. Quarry LP now owns 1,566 shares of the technology company’s stock worth $50,000 after buying an additional 698 shares during the last quarter. KBC Group NV raised its position in shares of 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 buying an additional 949 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Ichor by 28.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock valued at $153,000 after acquiring an additional 1,068 shares during the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Insider Buying and Selling

In other Ichor news, Director Jorge Titinger sold 3,000 shares of Ichor stock in a transaction that occurred on 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 in the company, valued at approximately $315,017.28. The trade was a 23.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Ichor Trading Up 2.2 %

Ichor stock opened at $27.36 on Tuesday. Ichor Holdings, Ltd. has a 12-month low of $24.61 and a 12-month high of $42.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.34 and a quick ratio of 1.49. The stock has a market capitalization of $930.32 million, a PE ratio of -42.09 and a beta of 1.91. The firm has a 50 day simple moving average of $30.12 and a 200-day simple moving average of $30.38.

Ichor (NASDAQ:ICHR) last released its earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.14). Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. As a group, equities research analysts expect that Ichor Holdings, Ltd. will post 1.01 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ICHR shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Ichor in a research note on Wednesday, February 5th. TD Cowen reduced their price target on shares of Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Finally, StockNews.com downgraded shares of Ichor from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $42.29.

Ichor Company 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.