Barclays PLC grew its holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR – Free Report) by 377.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,787 shares of the technology company’s stock after purchasing an additional 44,897 shares during the quarter. Barclays PLC owned about 0.17% of Ichor worth $1,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its stake in Ichor by 15.1% during the second quarter. Louisiana State Employees Retirement System now owns 16,800 shares of the technology company’s stock worth $648,000 after acquiring an additional 2,200 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Ichor by 11.4% in the second quarter. Bank of New York Mellon Corp now owns 248,346 shares of the technology company’s stock valued at $9,574,000 after buying an additional 25,432 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Ichor by 8.3% during the second quarter. Principal Financial Group Inc. now owns 165,410 shares of the technology company’s stock valued at $6,377,000 after buying an additional 12,705 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of Ichor by 51.0% in the second quarter. Natixis Advisors LLC now owns 42,433 shares of the technology company’s stock worth $1,636,000 after purchasing an additional 14,326 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Ichor by 8.4% during the 2nd quarter. Rhumbline Advisers now owns 99,197 shares of the technology company’s stock worth $3,824,000 after acquiring an additional 7,669 shares during the last quarter. Institutional investors own 94.81% of the company’s stock.
Analyst Ratings Changes
ICHR has been the subject of several recent analyst reports. DA Davidson initiated coverage on Ichor in a report on Thursday, September 26th. They issued a “buy” rating and a $50.00 target price for the company. B. Riley restated a “buy” rating and issued a $38.00 target price (up from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. TD Cowen boosted their price target on shares of Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Finally, Oppenheimer initiated coverage on shares of Ichor in a research note on Wednesday, September 25th. They set a “market perform” rating and a $35.00 price objective for the company. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.57.
Ichor Stock Down 1.6 %
Shares of NASDAQ ICHR opened at $31.37 on Friday. Ichor Holdings, Ltd. has a 12 month low of $26.40 and a 12 month high of $46.43. The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -33.73 and a beta of 1.93. The business has a 50-day moving average of $31.27 and a 200-day moving average of $32.27.
Ichor (NASDAQ:ICHR – Get Free Report) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $203.24 million. During the same quarter last year, the business posted ($0.09) earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Sell-side analysts expect that Ichor Holdings, Ltd. will post -0.1 earnings per share for the current fiscal 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.
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