State Street Corp Buys 21,804 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

State Street Corp boosted its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,232,532 shares of the technology company’s stock after buying an additional 21,804 shares during the period. State Street Corp owned approximately 3.65% of Ichor worth $39,207,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Quarry LP boosted its holdings in Ichor by 99.5% during the 2nd quarter. Quarry LP now owns 868 shares of the technology company’s stock worth $33,000 after acquiring an additional 433 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Ichor by 136.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock worth $34,000 after buying an additional 625 shares during the last quarter. Signaturefd LLC increased its holdings in Ichor by 214.6% during the third quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock worth $40,000 after buying an additional 854 shares during the last quarter. CWM LLC boosted its stake in Ichor by 134.9% in the third quarter. CWM LLC now owns 3,617 shares of the technology company’s stock valued at $115,000 after acquiring an additional 2,077 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Ichor by 28.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock worth $153,000 after purchasing an additional 1,068 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor Stock Performance

Shares of NASDAQ ICHR opened at $29.80 on Friday. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -32.04 and a beta of 1.93. The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. Ichor Holdings, Ltd. has a 1-year low of $26.40 and a 1-year high of $46.43. The stock’s 50-day moving average is $31.01 and its 200 day moving average is $32.49.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ICHR. Oppenheimer initiated coverage on Ichor in a research note on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 target price on the stock. TD Cowen raised their price target on Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. B. Riley reiterated a “buy” rating and set a $38.00 price target (up from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. Finally, DA Davidson assumed coverage on shares of Ichor in a report on Thursday, September 26th. They issued a “buy” rating and a $50.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Ichor has an average rating of “Moderate Buy” and a consensus target price of $42.57.

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.