BlackRock Inc. grew its position in Ichor Holdings Ltd (NASDAQ:ICHR) by 35.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,603,700 shares of the technology company’s stock after purchasing an additional 416,283 shares during the period. BlackRock Inc. owned approximately 6.25% of Ichor worth $34,030,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ICHR. Dimensional Fund Advisors LP bought a new position in Ichor in the 1st quarter worth about $13,817,000. Selz Capital LLC grew its position in Ichor by 296.7% in the 2nd quarter. Selz Capital LLC now owns 671,877 shares of the technology company’s stock worth $14,257,000 after purchasing an additional 502,516 shares during the last quarter. Royce & Associates LP grew its position in Ichor by 115.8% in the 2nd quarter. Royce & Associates LP now owns 460,813 shares of the technology company’s stock worth $9,778,000 after purchasing an additional 247,300 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in Ichor in the 1st quarter worth about $3,004,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Ichor by 70.6% in the first quarter. JPMorgan Chase & Co. now owns 186,800 shares of the technology company’s stock valued at $4,522,000 after acquiring an additional 77,325 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.
Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Ichor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 10th. BidaskClub cut shares of Ichor from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 26th. ValuEngine cut shares of Ichor from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Cowen set a $32.00 price objective on shares of Ichor and gave the company an “outperform” rating in a report on Wednesday, August 8th. Finally, Royal Bank of Canada decreased their price objective on shares of Ichor from $40.00 to $33.00 and set a “$20.46” rating for the company in a report on Wednesday, July 18th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $36.00.
In other Ichor news, CFO Jeff Andreson bought 5,200 shares of Ichor stock in a transaction that occurred on Monday, August 27th. The stock was purchased at an average cost of $24.22 per share, for a total transaction of $125,944.00. Following the completion of the acquisition, the chief financial officer now owns 10,000 shares of the company’s stock, valued at approximately $242,200. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.20% of the company’s stock.
Ichor stock opened at $17.01 on Friday. The company has a quick ratio of 1.00, a current ratio of 2.10 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $455.02 million, a PE ratio of 7.51 and a beta of 5.10. Ichor Holdings Ltd has a 12-month low of $16.91 and a 12-month high of $35.51.
Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Tuesday, August 7th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.27. The business had revenue of $248.97 million during the quarter, compared to analysts’ expectations of $236.39 million. Ichor had a net margin of 8.60% and a return on equity of 38.00%. As a group, sell-side analysts anticipate that Ichor Holdings Ltd will post 3.03 EPS for the current fiscal year.
Ichor Holdings Ltd. engages in the design, engineering, and manufacturing of fluid delivery subsystems for semiconductor capital equipment. It offers gas and chemical delivery systems and manufactures components for internal use in fluid delivery systems and for direct sales of the customers. The gas delivery subsystems deliver, monitor, and control precise quantities of the specialized gases used in semiconductor manufacturing processes such as etch and deposition.
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