Victory Capital Management Inc. Lowers Stake in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Victory Capital Management Inc. lessened its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 64.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,425 shares of the technology company’s stock after selling 77,766 shares during the period. Victory Capital Management Inc. owned approximately 0.13% of Ichor worth $1,674,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Hodges Capital Management Inc. lifted its holdings in shares of Ichor by 1.2% during the 2nd quarter. Hodges Capital Management Inc. now owns 138,920 shares of the technology company’s stock valued at $5,355,000 after purchasing an additional 1,600 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Ichor by 8.4% during the 2nd quarter. Rhumbline Advisers now owns 99,197 shares of the technology company’s stock valued at $3,824,000 after purchasing an additional 7,669 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of Ichor by 51.0% during the 2nd quarter. Natixis Advisors LLC now owns 42,433 shares of the technology company’s stock valued at $1,636,000 after purchasing an additional 14,326 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Ichor by 8.3% during the 2nd quarter. Principal Financial Group Inc. now owns 165,410 shares of the technology company’s stock valued at $6,377,000 after purchasing an additional 12,705 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Ichor by 11.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 248,346 shares of the technology company’s stock valued at $9,574,000 after purchasing an additional 25,432 shares during the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ichor Price Performance

Shares of ICHR opened at $27.32 on Thursday. The business’s 50-day moving average is $31.73 and its two-hundred day moving average is $36.19. The company has a market capitalization of $914.54 million, a P/E ratio of -15.44 and a beta of 1.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.91 and a current ratio of 4.27. Ichor Holdings, Ltd. has a fifty-two week low of $22.26 and a fifty-two week high of $46.43.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Tuesday, August 6th. The technology company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.02. Ichor had a negative return on equity of 2.56% and a negative net margin of 4.53%. The company had revenue of $203.23 million for the quarter, compared to the consensus estimate of $197.75 million. Research analysts predict that Ichor Holdings, Ltd. will post -0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ICHR shares. StockNews.com upgraded Ichor from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. Needham & Company LLC reduced their target price on Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, TD Cowen reduced their target price on Ichor from $48.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.60.

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.