Ichor Holdings, Ltd. (NASDAQ:ICHR) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 6.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 472,757 shares of the technology company’s stock after buying an additional 26,951 shares during the period. Charles Schwab Investment Management Inc. owned about 1.40% of Ichor worth $15,038,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Foundry Partners LLC purchased a new position in shares of Ichor during the third quarter valued at approximately $3,107,000. Intech Investment Management LLC purchased a new stake in Ichor during the 3rd quarter worth $209,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Ichor by 143.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 100,692 shares of the technology company’s stock valued at $3,203,000 after buying an additional 59,371 shares in the last quarter. Segall Bryant & Hamill LLC boosted its stake in shares of Ichor by 26.8% in the third quarter. Segall Bryant & Hamill LLC now owns 568,117 shares of the technology company’s stock valued at $18,072,000 after purchasing an additional 120,133 shares during the period. Finally, Mutual of America Capital Management LLC increased its position in shares of Ichor by 50.1% during the third quarter. Mutual of America Capital Management LLC now owns 121,500 shares of the technology company’s stock worth $3,865,000 after acquiring an additional 40,575 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ICHR. StockNews.com raised shares of Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. TD Cowen raised their price objective on shares of Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. DA Davidson assumed coverage on shares of Ichor in a research report on Thursday, September 26th. They set a “buy” rating and a $50.00 price objective for the company. B. Riley reaffirmed a “buy” rating and set a $38.00 target price (up from $36.00) on shares of Ichor in a report on Tuesday, November 5th. Finally, 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. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.57.

Ichor Stock Performance

ICHR stock opened at $33.33 on Friday. The company has a market cap of $1.12 billion, a P/E ratio of -35.84 and a beta of 1.93. Ichor Holdings, Ltd. has a twelve month low of $25.56 and a twelve month high of $46.43. The business’s fifty day moving average is $30.69 and its 200-day moving average is $32.89. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The company had revenue of $211.14 million during the quarter, compared to analysts’ expectations of $203.24 million. During the same quarter in the prior year, the company earned ($0.09) earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities research analysts forecast that Ichor Holdings, Ltd. will post -0.1 EPS for the current 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.