Swedbank AB Sells 985,000 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Swedbank AB trimmed its position in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 56.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 752,600 shares of the technology company’s stock after selling 985,000 shares during the quarter. Swedbank AB owned approximately 2.25% of Ichor worth $29,013,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. CWM LLC grew its stake in Ichor by 87.1% in the 4th quarter. CWM LLC now owns 1,100 shares of the technology company’s stock valued at $37,000 after buying an additional 512 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Ichor during the 4th quarter worth approximately $41,000. PNC Financial Services Group Inc. grew its position in shares of Ichor by 39.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the technology company’s stock worth $102,000 after purchasing an additional 854 shares in the last quarter. ProShare Advisors LLC acquired a new position in shares of Ichor during the 1st quarter worth approximately $225,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Ichor during the 1st quarter worth approximately $284,000. 94.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ICHR has been the topic of a number of analyst reports. TD Cowen decreased their target price on shares of Ichor from $48.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. 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 reduced their price target on shares of Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. StockNews.com upgraded shares of Ichor from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, B. Riley upgraded shares of Ichor from a “neutral” rating to a “buy” rating and increased their price target for the stock from $40.00 to $48.00 in a research report on Friday, April 19th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $43.60.

Insider Activity at Ichor

In related news, CEO Jeff Andreson sold 21,400 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now 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 is available through the SEC website. 2.20% of the stock is owned by insiders.

Ichor Price Performance

NASDAQ:ICHR traded down $0.40 on Friday, hitting $31.64. The company had a trading volume of 161,765 shares, compared to its average volume of 319,370. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -17.88 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. The firm has a 50 day moving average of $35.97 and a two-hundred day moving average of $38.21. Ichor Holdings, Ltd. has a 52 week low of $22.26 and a 52 week high of $46.43.

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.