Arizona State Retirement System Purchases 1,154 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Arizona State Retirement System grew its position in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 14.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,228 shares of the technology company’s stock after purchasing an additional 1,154 shares during the period. Arizona State Retirement System’s holdings in Ichor were worth $356,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp bought a new position in Ichor in the fourth quarter valued at $41,000. CWM LLC grew its holdings in shares of Ichor by 50.5% in the 2nd quarter. CWM LLC now owns 1,540 shares of the technology company’s stock valued at $59,000 after acquiring an additional 517 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Ichor by 39.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the technology company’s stock valued at $102,000 after acquiring an additional 854 shares during the last quarter. ProShare Advisors LLC bought a new stake in Ichor during the first quarter worth about $225,000. Finally, Summit Global Investments acquired a new position in Ichor during the second quarter valued at approximately $246,000. 94.81% of the stock is owned by institutional investors and hedge funds.

Ichor Trading Up 2.1 %

Shares of ICHR stock opened at $28.93 on Wednesday. The stock has a 50 day simple moving average of $31.99 and a 200 day simple moving average of $36.26. Ichor Holdings, Ltd. has a 1 year low of $22.26 and a 1 year high of $46.43. The company has a current ratio of 4.27, a quick ratio of 1.91 and a debt-to-equity ratio of 0.18. The stock has a market cap of $968.43 million, a P/E ratio of -16.34 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings data on Tuesday, August 6th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. Ichor had a negative net margin of 4.53% and a negative return on equity of 2.56%. The business had revenue of $203.23 million for the quarter, compared to analysts’ expectations of $197.75 million. On average, research analysts predict that Ichor Holdings, Ltd. will post -0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Needham & Company LLC lowered their price objective on shares of Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. StockNews.com raised Ichor from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. Finally, TD Cowen dropped their price objective on Ichor from $48.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.60.

About Ichor

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.