Victory Capital Management Inc. boosted its position in Ichor Holdings Ltd (NASDAQ:ICHR) by 3.4% in the fourth quarter, HoldingsChannel reports. The firm owned 59,938 shares of the technology company’s stock after acquiring an additional 1,983 shares during the period. Victory Capital Management Inc.’s holdings in Ichor were worth $1,475,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Ichor in the third quarter worth about $107,000. Hershey Trust Co. bought a new position in Ichor in the fourth quarter worth about $111,000. Dynamic Technology Lab Private Ltd bought a new position in Ichor in the third quarter worth about $228,000. The Manufacturers Life Insurance Company bought a new position in Ichor in the second quarter worth about $180,000. Finally, Royal Bank of Canada raised its holdings in Ichor by 38.2% in the second quarter. Royal Bank of Canada now owns 9,400 shares of the technology company’s stock worth $189,000 after purchasing an additional 2,600 shares in the last quarter. Institutional investors and hedge funds own 62.90% of the company’s stock.
In other news, insider Philip Ryan Sr. Barros sold 35,650 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $26.37, for a total transaction of $940,090.50. Following the transaction, the insider now owns 32,090 shares in the company, valued at $846,213.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dipanjan Deb sold 6,287 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $30.12, for a total transaction of $189,364.44. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $602,400. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,927 shares of company stock worth $1,708,238. Corporate insiders own 5.80% of the company’s stock.
Ichor Holdings Ltd (NASDAQ ICHR) opened at $25.75 on Friday. Ichor Holdings Ltd has a fifty-two week low of $16.82 and a fifty-two week high of $35.51. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34. The stock has a market cap of $666.72 and a PE ratio of 12.88.
Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.68 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.68. Ichor had a net margin of 7.83% and a return on equity of 35.84%. The firm had revenue of $182.94 million for the quarter, compared to the consensus estimate of $183.06 million. sell-side analysts forecast that Ichor Holdings Ltd will post 3.51 EPS for the current year.
ICHR has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Ichor from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Cowen reiterated an “outperform” rating and issued a $40.00 target price (up from $38.00) on shares of Ichor in a report on Friday, November 10th. Needham & Company LLC reiterated a “buy” rating and issued a $42.00 target price (up from $36.00) on shares of Ichor in a report on Friday, January 19th. Deutsche Bank boosted their target price on shares of Ichor to $38.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, Stifel Nicolaus boosted their target price on shares of Ichor from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $38.33.
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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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