SG Americas Securities LLC Has $491,000 Stake in Ichor Holdings, Ltd. (NASDAQ:ICHR)

SG Americas Securities LLC grew its position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 65.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,440 shares of the technology company’s stock after buying an additional 6,082 shares during the quarter. SG Americas Securities LLC’s holdings in Ichor were worth $491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Ichor during the 2nd quarter valued at about $1,079,000. Quarry LP lifted its holdings in shares of Ichor by 99.5% during the 2nd quarter. Quarry LP now owns 868 shares of the technology company’s stock valued at $33,000 after buying an additional 433 shares during the last quarter. Meros Investment Management LP lifted its holdings in shares of Ichor by 1.6% during the 2nd quarter. Meros Investment Management LP now owns 106,328 shares of the technology company’s stock valued at $4,099,000 after buying an additional 1,629 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Ichor by 16.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,001 shares of the technology company’s stock valued at $655,000 after buying an additional 2,382 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Ichor during the 2nd quarter valued at about $6,382,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Ichor Stock Performance

ICHR opened at $27.73 on Thursday. The stock has a market cap of $928.26 million, a PE ratio of -15.67 and a beta of 1.90. The company has a current ratio of 4.27, a quick ratio of 1.91 and a debt-to-equity ratio of 0.18. Ichor Holdings, Ltd. has a 1 year low of $22.26 and a 1 year high of $46.43. The stock’s 50 day simple moving average is $29.64 and its 200-day simple moving average is $34.81.

Ichor (NASDAQ:ICHR) last released 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. The business had revenue of $203.23 million for the quarter, compared to analysts’ expectations of $197.75 million. Ichor had a negative return on equity of 2.56% and a negative net margin of 4.53%. Sell-side analysts forecast that Ichor Holdings, Ltd. will post -0.17 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Oppenheimer assumed coverage on Ichor in a report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 target price for the company. Needham & Company LLC reduced their target price 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. DA Davidson started coverage on Ichor in a report on Thursday, September 26th. They issued a “buy” rating and a $50.00 target price for the company. Finally, TD Cowen dropped their price target on Ichor from $48.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. 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 MarketBeat.com, Ichor currently has a consensus rating of “Moderate Buy” and an average price target of $43.29.

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.