Fmr LLC Sells 705,975 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Fmr LLC trimmed its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 36.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,210,117 shares of the technology company’s stock after selling 705,975 shares during the quarter. Fmr LLC owned approximately 3.59% of Ichor worth $38,494,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd acquired a new position in shares of Ichor during the third quarter worth $612,000. Westfield Capital Management Co. LP grew its position in Ichor by 4.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 580,818 shares of the technology company’s stock worth $18,476,000 after acquiring an additional 24,889 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Ichor by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 472,757 shares of the technology company’s stock worth $15,038,000 after purchasing an additional 26,951 shares in the last quarter. Foundry Partners LLC bought a new position in Ichor in the third quarter valued at about $3,107,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Ichor during the third quarter valued at about $209,000. Institutional investors own 94.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on ICHR shares. B. Riley reaffirmed a “buy” rating and issued a $38.00 price objective (up previously from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. StockNews.com upgraded shares of Ichor from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. TD Cowen lifted their price target on shares of Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Oppenheimer started 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. Finally, DA Davidson assumed coverage on Ichor in a report on Thursday, September 26th. They set a “buy” rating and a $50.00 target price on the stock. 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.57.

Ichor Price Performance

Shares of NASDAQ ICHR opened at $33.33 on Monday. The company has a market capitalization of $1.12 billion, a PE ratio of -35.84 and a beta of 1.93. 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 Holdings, Ltd. has a twelve month low of $25.56 and a twelve month high of $46.43. The firm has a fifty day simple moving average of $30.69 and a 200 day simple moving average of $32.85.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. The firm had revenue of $211.14 million during the quarter, compared to analyst estimates of $203.24 million. During the same period last year, the company posted ($0.09) EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis. On average, sell-side analysts forecast that Ichor Holdings, Ltd. will post -0.1 EPS for the current 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.