Cubist Systematic Strategies LLC reduced its position in Ichor Holdings Ltd (NASDAQ:ICHR) by 28.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,941 shares of the technology company’s stock after selling 4,409 shares during the period. Cubist Systematic Strategies LLC’s holdings in Ichor were worth $293,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of ICHR. Hancock Holding Co. grew its stake in shares of Ichor by 1.2% during the second quarter. Hancock Holding Co. now owns 10,326 shares of the technology company’s stock valued at $208,000 after buying an additional 126 shares during the last quarter. Cadence Capital Management LLC grew its stake in shares of Ichor by 5.1% during the third quarter. Cadence Capital Management LLC now owns 52,489 shares of the technology company’s stock valued at $1,407,000 after buying an additional 2,539 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Ichor by 38.2% during the second quarter. Royal Bank of Canada now owns 9,400 shares of the technology company’s stock valued at $189,000 after buying an additional 2,600 shares during the last quarter. Rhumbline Advisers grew its stake in Ichor by 22.6% in the third quarter. Rhumbline Advisers now owns 14,502 shares of the technology company’s stock worth $389,000 after purchasing an additional 2,675 shares in the last quarter. Finally, Scotia Capital Inc. grew its stake in Ichor by 2.9% in the second quarter. Scotia Capital Inc. now owns 102,124 shares of the technology company’s stock worth $2,058,000 after purchasing an additional 2,871 shares in the last quarter. Institutional investors and hedge funds own 75.43% of the company’s stock.
Ichor Holdings Ltd (NASDAQ ICHR) opened at $24.74 on Friday. The stock has a market capitalization of $644.33 and a price-to-earnings ratio of 17.18. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.03 and a quick ratio of 0.99. Ichor Holdings Ltd has a 52 week low of $12.72 and a 52 week high of $35.51.
Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Thursday, November 9th. The technology company reported $0.62 earnings per share for the quarter, hitting the consensus estimate of $0.62. The company had revenue of $164.50 million for the quarter, compared to the consensus estimate of $165.16 million. Ichor had a return on equity of 32.99% and a net margin of 7.43%. Ichor’s quarterly revenue was up 55.6% compared to the same quarter last year. analysts forecast that Ichor Holdings Ltd will post 2.4 earnings per share for the current fiscal year.
In other news, Director Iain Mackenzie sold 4,690 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $26.10, for a total transaction of $122,409.00. Following the sale, the director now directly owns 4,690 shares in the company, valued at approximately $122,409. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Maurice Eugene Carson sold 17,300 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $26.38, for a total value of $456,374.00. Following the sale, the chief financial officer now owns 47,922 shares in the company, valued at $1,264,182.36. The disclosure for this sale can be found here. Insiders have sold a total of 211,994 shares of company stock worth $5,858,200 over the last 90 days. Insiders own 5.80% of the company’s stock.
Several brokerages recently issued reports on ICHR. Zacks Investment Research cut Ichor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Cowen upped their target price on Ichor from $27.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. Needham & Company LLC restated a “buy” rating and set a $30.00 target price on shares of Ichor in a report on Tuesday, September 19th. Royal Bank of Canada restated a “buy” rating and set a $37.00 target price on shares of Ichor in a report on Friday, October 20th. Finally, Deutsche Bank reiterated a “buy” rating and set a $32.00 price objective (up previously from $26.00) on shares of Ichor in a report on Tuesday, October 10th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Ichor currently has an average rating of “Buy” and a consensus target price of $34.17.
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Ichor Company Profile
Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices.
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