Ichor Holdings, Ltd. (NASDAQ:ICHR) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. trimmed its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 19.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,439 shares of the technology company’s stock after selling 19,305 shares during the period. Franklin Resources Inc. owned 0.24% of Ichor worth $2,422,000 as of its most recent SEC filing.

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

Ichor Stock Performance

ICHR opened at $31.89 on Friday. Ichor Holdings, Ltd. has a 1-year low of $26.40 and a 1-year high of $46.43. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -34.29 and a beta of 1.93. The business has a 50 day moving average price of $31.15 and a two-hundred day moving average price of $32.32. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.64 and a quick ratio of 1.69.

Ichor (NASDAQ:ICHR) last announced its 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 return on equity of 2.14% and a negative net margin of 3.51%. The business had revenue of $211.14 million during the quarter, compared to analysts’ expectations of $203.24 million. During the same quarter last year, the business posted ($0.09) earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Research analysts predict that Ichor Holdings, Ltd. will post -0.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ICHR. TD Cowen boosted their target price 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. Oppenheimer initiated 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. DA Davidson began coverage on Ichor in a research note on Thursday, September 26th. They set a “buy” rating and a $50.00 target price on the stock. Finally, B. Riley reissued a “buy” rating and issued a $38.00 price target (up previously from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Ichor presently has a consensus rating of “Moderate Buy” and an average target price of $42.57.

Ichor Company 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.