Apis Capital Advisors LLC Grows Holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Apis Capital Advisors LLC increased its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 44.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 203,100 shares of the technology company’s stock after acquiring an additional 62,700 shares during the quarter. Ichor comprises about 5.8% of Apis Capital Advisors LLC’s portfolio, making the stock its 4th largest holding. Apis Capital Advisors LLC owned approximately 0.61% of Ichor worth $7,830,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of ICHR. Vanguard Group Inc. raised its holdings in shares of Ichor by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 2,841,622 shares of the technology company’s stock worth $109,743,000 after acquiring an additional 176,970 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Ichor by 3.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,764,749 shares of the technology company’s stock valued at $59,350,000 after purchasing an additional 56,725 shares in the last quarter. Swedbank AB bought a new position in Ichor during the first quarter valued at $67,106,000. Hood River Capital Management LLC increased its holdings in shares of Ichor by 15.8% in the 2nd quarter. Hood River Capital Management LLC now owns 1,108,227 shares of the technology company’s stock worth $42,722,000 after buying an additional 150,933 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Ichor by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 380,515 shares of the technology company’s stock valued at $12,797,000 after buying an additional 18,985 shares in the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Ichor Trading Down 3.5 %

ICHR opened at $27.49 on Monday. Ichor Holdings, Ltd. has a one year low of $22.26 and a one year high of $46.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.91 and a current ratio of 4.27. The stock has a market cap of $920.23 million, a price-to-earnings ratio of -15.53 and a beta of 1.91. The stock’s 50 day moving average price is $31.23 and its 200-day moving average price is $35.93.

Ichor (NASDAQ:ICHR) last released its earnings results on Tuesday, August 6th. The technology company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $203.23 million for the quarter, compared to analyst estimates of $197.75 million. On average, equities analysts forecast that Ichor Holdings, Ltd. will post -0.22 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.