Creative Planning Makes New $578,000 Investment in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Creative Planning acquired a new stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 18,166 shares of the technology company’s stock, valued at approximately $578,000. Creative Planning owned approximately 0.05% of Ichor as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Ichor by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 2,664,652 shares of the technology company’s stock worth $89,612,000 after buying an additional 41,104 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Ichor by 197.8% in the 1st quarter. BNP Paribas Financial Markets now owns 24,042 shares of the technology company’s stock valued at $929,000 after purchasing an additional 15,968 shares in the last quarter. Mutual of America Capital Management LLC bought a new position in shares of Ichor during the 1st quarter valued at $1,353,000. Texas Permanent School Fund Corp raised its position in Ichor by 1.5% in the 1st quarter. Texas Permanent School Fund Corp now owns 25,761 shares of the technology company’s stock worth $995,000 after purchasing an additional 381 shares during the period. Finally, Swiss National Bank lifted its stake in Ichor by 12.1% in the first quarter. Swiss National Bank now owns 64,700 shares of the technology company’s stock worth $2,499,000 after purchasing an additional 7,000 shares during the last quarter. 94.81% of the stock is owned by institutional investors.

Ichor Trading Down 0.8 %

Shares of ICHR stock opened at $27.14 on Tuesday. The stock has a market capitalization of $914.35 million, a P/E ratio of -22.43 and a beta of 1.91. 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 firm’s 50 day moving average is $28.88 and its 200 day moving average is $33.79. Ichor Holdings, Ltd. has a 12-month low of $22.26 and a 12-month high of $46.43.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Tuesday, August 6th. The technology company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. The company had revenue of $203.23 million during 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%. Research analysts expect that Ichor Holdings, Ltd. will post -0.17 earnings per share for the current year.

Analyst Ratings Changes

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