Jane Street Group LLC Reduces Position in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Jane Street Group LLC reduced its stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 23.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,425 shares of the technology company’s stock after selling 11,710 shares during the quarter. Jane Street Group LLC’s holdings in Ichor were worth $1,190,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP boosted its position in Ichor by 99.5% during the second quarter. Quarry LP now owns 868 shares of the technology company’s stock worth $33,000 after acquiring an additional 433 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Ichor by 136.2% during the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock worth $34,000 after purchasing an additional 625 shares during the last quarter. Signaturefd LLC grew its position in shares of Ichor by 214.6% in the third quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock valued at $40,000 after purchasing an additional 854 shares during the period. CWM LLC increased its stake in Ichor by 134.9% in the third quarter. CWM LLC now owns 3,617 shares of the technology company’s stock valued at $115,000 after purchasing an additional 2,077 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Ichor by 28.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock worth $153,000 after buying an additional 1,068 shares during the period. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Ichor Trading Down 1.6 %

Shares of ICHR stock opened at $31.37 on Monday. Ichor Holdings, Ltd. has a fifty-two week low of $26.40 and a fifty-two week high of $46.43. The firm’s 50 day moving average price is $31.27 and its two-hundred day moving average price is $32.18. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -33.73 and a beta of 1.93. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The firm had revenue of $211.14 million during the quarter, compared to analysts’ expectations of $203.24 million. During the same period in the prior year, the company earned ($0.09) EPS. The firm’s revenue was up 7.3% on a year-over-year basis. On average, analysts anticipate that Ichor Holdings, Ltd. will post -0.1 EPS for the current year.

Analyst Upgrades and Downgrades

ICHR has been the subject of several recent analyst reports. Oppenheimer assumed coverage on Ichor in a report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price target for the company. B. Riley restated a “buy” rating and issued a $38.00 target price (up from $36.00) on shares of Ichor in a report on Tuesday, November 5th. TD Cowen increased their price target on shares of Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, DA Davidson started coverage on shares of Ichor in a research note on Thursday, September 26th. They set a “buy” rating and a $50.00 price objective for the company. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Ichor has a consensus rating of “Moderate Buy” and an average target price of $42.57.

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.