Bank of New York Mellon Corp increased its position in shares of Ichor Holdings Ltd (NASDAQ:ICHR) by 6.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 101,482 shares of the technology company’s stock after buying an additional 5,967 shares during the quarter. Bank of New York Mellon Corp’s holdings in Ichor were worth $2,497,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in Ichor during the 3rd quarter valued at $107,000. Hershey Trust Co. acquired a new position in Ichor during the 4th quarter valued at $111,000. The Manufacturers Life Insurance Company acquired a new position in Ichor during the 2nd quarter valued at $180,000. Toronto Dominion Bank acquired a new position in Ichor during the 4th quarter valued at $197,000. Finally, Advisory Services Network LLC acquired a new position in Ichor during the 4th quarter valued at $228,000. Hedge funds and other institutional investors own 70.52% of the company’s stock.
In other news, insider Philip Ryan Sr. Barros sold 35,650 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $25.47, for a total value of $908,005.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeff Andreson acquired 4,800 shares of the company’s stock in a transaction dated Thursday, March 8th. The stock was acquired at an average price of $27.53 per share, with a total value of $132,144.00. Following the purchase, the chief financial officer now owns 4,800 shares in the company, valued at approximately $132,144. The disclosure for this purchase can be found here. Corporate insiders own 5.80% of the company’s stock.
Several equities analysts recently commented on the stock. BidaskClub upgraded shares of Ichor from a “sell” rating to a “hold” rating in a research note on Friday. Cowen reiterated a “buy” rating on shares of Ichor in a research note on Thursday, February 15th. ValuEngine cut shares of Ichor from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 2nd. Needham & Company LLC upgraded shares of Ichor from a “buy” rating to a “strong-buy” rating and set a $42.00 target price for the company in a research note on Tuesday, February 13th. Finally, Northland Securities assumed coverage on shares of Ichor in a research note on Monday, March 26th. They set an “outperform” rating for the company. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $38.33.
Shares of ICHR stock opened at $25.69 on Friday. Ichor Holdings Ltd has a 52-week low of $16.82 and a 52-week high of $35.51. The firm has a market capitalization of $676.69, a PE ratio of 10.66 and a beta of 4.91. The company has a quick ratio of 0.84, a current ratio of 1.89 and a debt-to-equity ratio of 0.83.
Ichor (NASDAQ:ICHR) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.68 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.68. Ichor had a net margin of 7.83% and a return on equity of 33.93%. The company had revenue of $182.94 million during the quarter, compared to analysts’ expectations of $183.06 million. equities research analysts forecast that Ichor Holdings Ltd will post 3.56 earnings per share for the current year.
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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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