Renaissance Technologies LLC Acquires 125,500 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Renaissance Technologies LLC grew its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 322.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 164,400 shares of the technology company’s stock after buying an additional 125,500 shares during the quarter. Renaissance Technologies LLC owned 0.49% of Ichor worth $6,338,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Wellington Management Group LLP boosted its stake in Ichor by 68.5% during the 4th quarter. Wellington Management Group LLP now owns 291,389 shares of the technology company’s stock valued at $9,799,000 after purchasing an additional 118,498 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Ichor by 6.6% during the first quarter. Vanguard Group Inc. now owns 2,841,622 shares of the technology company’s stock valued at $109,743,000 after buying an additional 176,970 shares during the last quarter. Mutual of America Capital Management LLC bought a new stake in Ichor during the first quarter worth $1,353,000. Epoch Investment Partners Inc. grew its holdings in Ichor by 33.0% during the first quarter. Epoch Investment Partners Inc. now owns 265,246 shares of the technology company’s stock worth $10,244,000 after buying an additional 65,862 shares in the last quarter. Finally, Swedbank AB purchased a new stake in Ichor in the 1st quarter valued at $67,106,000. 94.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Needham & Company LLC cut their price objective on shares of Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. StockNews.com upgraded shares of Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Oppenheimer began coverage on shares of Ichor in a research note on Wednesday. They issued a “market perform” rating and a $35.00 price objective for the company. DA Davidson initiated coverage on Ichor in a research note on Thursday. They issued a “buy” rating and a $50.00 target price on the stock. 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 report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Ichor has a consensus rating of “Moderate Buy” and an average target price of $43.29.

Ichor Stock Up 14.3 %

ICHR opened at $31.80 on Friday. Ichor Holdings, Ltd. has a twelve month low of $22.26 and a twelve month high of $46.43. The company’s 50-day moving average price is $30.45 and its two-hundred day moving average price is $35.64. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -17.97 and a beta of 1.91. The company has a quick ratio of 1.91, a current ratio of 4.27 and a debt-to-equity ratio of 0.18.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings data on Tuesday, August 6th. The technology company reported ($0.07) earnings per share for the quarter, beating 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 business had revenue of $203.23 million during the quarter, compared to analyst estimates of $197.75 million. As a group, equities analysts expect that Ichor Holdings, Ltd. will post -0.22 earnings per share for the current year.

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.