Hodges Capital Management Inc. lowered its position in Ichor Holdings Ltd (NASDAQ:ICHR) by 61.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,550 shares of the technology company’s stock after selling 27,940 shares during the period. Hodges Capital Management Inc.’s holdings in Ichor were worth $396,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the stock. Sapphire Star Partners LP increased its holdings in Ichor by 2.8% in the fourth quarter. Sapphire Star Partners LP now owns 25,916 shares of the technology company’s stock valued at $422,000 after buying an additional 718 shares in the last quarter. Whittier Trust Co. increased its holdings in Ichor by 7.7% in the fourth quarter. Whittier Trust Co. now owns 28,460 shares of the technology company’s stock valued at $464,000 after buying an additional 2,023 shares in the last quarter. Financial Architects Inc purchased a new position in Ichor in the fourth quarter valued at about $41,000. SevenBridge Financial Group LLC increased its holdings in Ichor by 212.5% in the fourth quarter. SevenBridge Financial Group LLC now owns 3,750 shares of the technology company’s stock valued at $61,000 after buying an additional 2,550 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new position in Ichor in the fourth quarter valued at about $47,000. Hedge funds and other institutional investors own 99.77% of the company’s stock.
Shares of Ichor stock opened at $24.76 on Wednesday. Ichor Holdings Ltd has a 12-month low of $14.23 and a 12-month high of $27.48. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.41 and a quick ratio of 1.03. The stock has a market capitalization of $548.52 million, a price-to-earnings ratio of 8.87 and a beta of 2.85.
Ichor (NASDAQ:ICHR) last issued its earnings results on Wednesday, February 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04). Ichor had a net margin of 7.03% and a return on equity of 30.78%. The company had revenue of $141.40 million during the quarter, compared to analysts’ expectations of $144.20 million. During the same period last year, the business posted $0.70 earnings per share. The company’s quarterly revenue was down 22.7% on a year-over-year basis. As a group, sell-side analysts predict that Ichor Holdings Ltd will post 1.56 earnings per share for the current year.
In other news, COO Kevin M. Canty sold 1,750 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $21.89, for a total transaction of $38,307.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Philip Ryan Sr. Barros sold 28,457 shares of the firm’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $21.57, for a total transaction of $613,817.49. Following the transaction, the chief technology officer now directly owns 33,062 shares of the company’s stock, valued at $713,147.34. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
A number of brokerages have issued reports on ICHR. Zacks Investment Research raised shares of Ichor from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 9th. ValuEngine raised shares of Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. BidaskClub raised shares of Ichor from a “sell” rating to a “hold” rating in a report on Tuesday, December 18th. Needham & Company LLC began coverage on shares of Ichor in a report on Friday, December 21st. They issued a “buy” rating and a $22.00 target price for the company. Finally, DA Davidson began coverage on shares of Ichor in a report on Thursday, March 7th. They issued a “buy” rating and a $30.00 target price for the company. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $28.17.
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Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising electroplating and cleaning.
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