Ichor Holdings, Ltd. (NASDAQ:ICHR) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lessened its position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 3.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,300 shares of the technology company’s stock after selling 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Ichor were worth $519,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ICHR. BNP Paribas Financial Markets grew its position in Ichor by 197.8% during the first quarter. BNP Paribas Financial Markets now owns 24,042 shares of the technology company’s stock valued at $929,000 after acquiring an additional 15,968 shares during the period. Mutual of America Capital Management LLC purchased a new stake in Ichor during the first quarter valued at about $1,353,000. Texas Permanent School Fund Corp grew its position in Ichor by 1.5% during the first quarter. Texas Permanent School Fund Corp now owns 25,761 shares of the technology company’s stock valued at $995,000 after acquiring an additional 381 shares during the period. Swiss National Bank grew its position in Ichor by 12.1% during the first quarter. Swiss National Bank now owns 64,700 shares of the technology company’s stock valued at $2,499,000 after acquiring an additional 7,000 shares during the period. Finally, US Bancorp DE grew its position in Ichor by 75.4% during the first quarter. US Bancorp DE now owns 18,878 shares of the technology company’s stock valued at $729,000 after acquiring an additional 8,116 shares during the period. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ICHR shares. Oppenheimer assumed coverage on Ichor in a research report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 price target for the company. Needham & Company LLC decreased their target price on Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. B. Riley reaffirmed a “buy” rating and issued a $38.00 target price (up previously from $36.00) on shares of Ichor in a research report on Tuesday. DA Davidson assumed coverage on Ichor in a research report on Thursday, September 26th. They issued a “buy” rating and a $50.00 target price for the company. Finally, StockNews.com raised Ichor from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $42.57.

Ichor Trading Up 16.1 %

Shares of ICHR opened at $31.50 on Wednesday. The company has a market capitalization of $1.06 billion, a P/E ratio of -33.87 and a beta of 1.91. 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 50-day moving average price of $28.90 and a 200 day moving average price of $33.76.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $211.14 million during the quarter, compared to the consensus estimate of $203.24 million. Ichor had a negative return on equity of 2.56% and a negative net margin of 4.53%. Ichor’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.09) earnings per share. Sell-side analysts forecast that Ichor Holdings, Ltd. will post -0.17 EPS for the current fiscal year.

About Ichor

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.