Cubist Systematic Strategies LLC lessened its stake in shares of Ichor Holdings Ltd (NASDAQ:ICHR) by 28.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & 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 reporting period.
Other hedge funds also recently bought and sold shares of the company. Paradigm Capital Management Inc. NY boosted its stake in shares of Ichor by 2,598.2% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 906,600 shares of the technology company’s stock worth $18,277,000 after buying an additional 873,000 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Ichor by 262.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 943,466 shares of the technology company’s stock worth $19,021,000 after buying an additional 683,466 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Ichor during the third quarter valued at $15,509,000. Vanguard Group Inc. lifted its position in Ichor by 182.9% during the second quarter. Vanguard Group Inc. now owns 481,158 shares of the technology company’s stock valued at $9,700,000 after purchasing an additional 311,083 shares in the last quarter. Finally, Foundry Partners LLC purchased a new position in Ichor during the third quarter valued at $7,822,000. 75.38% of the stock is owned by institutional investors.
Shares of Ichor Holdings Ltd (ICHR) traded up $1.86 during mid-day trading on Friday, hitting $34.01. The stock had a trading volume of 1,393,831 shares, compared to its average volume of 1,150,000. Ichor Holdings Ltd has a 1 year low of $14.98 and a 1 year high of $35.51. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $870.28 and a PE ratio of 8.14.
Ichor (NASDAQ:ICHR) last issued its earnings results on Thursday, November 9th. The technology company reported $0.62 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.62. Ichor had a return on equity of 32.99% and a net margin of 7.43%. The firm had revenue of $164.50 million for the quarter, compared to analysts’ expectations of $165.16 million. Ichor’s revenue for the quarter was up 55.6% compared to the same quarter last year. research analysts forecast that Ichor Holdings Ltd will post 2.44 EPS for the current fiscal year.
Several equities analysts recently weighed in on ICHR shares. Deutsche Bank lifted their target price on Ichor to $38.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Royal Bank of Canada reiterated a “buy” rating and set a $37.00 target price on shares of Ichor in a research report on Friday, October 20th. Zacks Investment Research raised Ichor from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Tuesday, January 23rd. Needham & Company LLC reissued a “buy” rating and set a $42.00 price target (up from $36.00) on shares of Ichor in a report on Friday, January 19th. Finally, Cowen reissued an “outperform” rating and set a $40.00 price target (up from $38.00) on shares of Ichor in a report on Friday, November 10th. Six research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of $37.50.
In other Ichor news, CEO Thomas M. Rohrs sold 130,767 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $27.85, for a total transaction of $3,641,860.95. Following the completion of the transaction, the chief executive officer now owns 173,090 shares in the company, valued at $4,820,556.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Iain Mackenzie sold 4,690 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $26.10, for a total value of $122,409.00. Following the transaction, the director now owns 4,690 shares of the company’s stock, valued at approximately $122,409. The disclosure for this sale can be found here. Insiders have sold 211,994 shares of company stock worth $5,858,200 over the last three months. 5.80% of the stock is currently owned by insiders.
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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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