Mutual of America Capital Management LLC Raises Stake in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Mutual of America Capital Management LLC increased its holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 131.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,925 shares of the technology company’s stock after buying an additional 45,902 shares during the quarter. Mutual of America Capital Management LLC owned about 0.24% of Ichor worth $3,120,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ICHR. Jones Financial Companies Lllp purchased a new position in shares of Ichor during the fourth quarter worth $41,000. CWM LLC lifted 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 buying an additional 517 shares during the period. PNC Financial Services Group Inc. boosted its stake 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 worth $102,000 after buying an additional 854 shares during the last quarter. ProShare Advisors LLC purchased a new stake in Ichor in the 1st quarter worth approximately $225,000. Finally, Summit Global Investments acquired a new stake in shares of Ichor during the 2nd quarter worth approximately $246,000. 94.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. TD Cowen lowered their price target on shares of Ichor from $48.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Needham & Company LLC lowered their target price 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. Finally, StockNews.com upgraded Ichor from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.60.

Ichor Stock Performance

NASDAQ:ICHR opened at $27.15 on Tuesday. The company has a fifty day moving average of $30.96 and a two-hundred day moving average of $35.81. Ichor Holdings, Ltd. has a fifty-two week low of $22.26 and a fifty-two week high of $46.43. The stock has a market capitalization of $908.85 million, a PE ratio of -15.34 and a beta of 1.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.91 and a current ratio of 4.27.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Tuesday, August 6th. The technology company reported ($0.07) earnings per share 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 firm had revenue of $203.23 million for the quarter, compared to analyst estimates of $197.75 million. As a group, research analysts forecast that Ichor Holdings, Ltd. will post -0.22 earnings per share for the current fiscal year.

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.