Thrivent Financial for Lutherans Acquires 2,254 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Thrivent Financial for Lutherans raised its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 8.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,789 shares of the technology company’s stock after purchasing an additional 2,254 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of Ichor worth $1,071,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC lifted its position in shares of Ichor by 50.5% during the second quarter. CWM LLC now owns 1,540 shares of the technology company’s stock worth $59,000 after purchasing an additional 517 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings 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 in the last quarter. ProShare Advisors LLC bought a new stake in shares of Ichor in the first quarter valued at about $225,000. Summit Global Investments bought a new stake in shares of Ichor in the second quarter valued at about $246,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Ichor in the first quarter valued at about $284,000. 94.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on ICHR. Oppenheimer began coverage on Ichor in a report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price objective for the company. TD Cowen decreased their price objective on Ichor from $48.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Needham & Company LLC decreased their price objective on Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. StockNews.com upgraded Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Finally, DA Davidson started coverage on shares of Ichor in a report on Thursday, September 26th. They issued a “buy” rating and a $50.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $43.29.

Ichor Stock Performance

Shares of Ichor stock opened at $30.95 on Friday. The company has a market capitalization of $1.04 billion, a PE ratio of -17.49 and a beta of 1.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.91 and a current ratio of 4.27. The company has a 50-day simple moving average of $29.84 and a two-hundred day simple moving average of $35.28. Ichor Holdings, Ltd. has a one year low of $22.26 and a one year high of $46.43.

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, topping analysts’ consensus estimates of ($0.09) by $0.02. Ichor had a negative return on equity of 2.56% and a negative net margin of 4.53%. The business had revenue of $203.23 million for the quarter, compared to analyst estimates of $197.75 million. Research analysts expect that Ichor Holdings, Ltd. will post -0.22 EPS for the current fiscal year.

Ichor Profile

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.