State of Alaska Department of Revenue Sells 428 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

State of Alaska Department of Revenue cut its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,225 shares of the technology company’s stock after selling 428 shares during the period. State of Alaska Department of Revenue owned 0.06% of Ichor worth $611,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. 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 worth $929,000 after buying an additional 15,968 shares in the last quarter. Mutual of America Capital Management LLC bought a new position in shares of Ichor in the first quarter worth approximately $1,353,000. Texas Permanent School Fund Corp raised its stake in Ichor by 1.5% in the first quarter. Texas Permanent School Fund Corp now owns 25,761 shares of the technology company’s stock valued at $995,000 after purchasing an additional 381 shares in the last quarter. Swiss National Bank lifted 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 purchasing an additional 7,000 shares during the last quarter. Finally, US Bancorp DE lifted 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 purchasing an additional 8,116 shares during the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

Ichor Price Performance

ICHR opened at $33.83 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.27 and a quick ratio of 1.91. The stock’s 50 day simple moving average is $29.00 and its 200 day simple moving average is $33.75. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of -36.38 and a beta of 1.91. Ichor Holdings, Ltd. has a 1 year low of $22.26 and a 1 year high of $46.43.

Ichor (NASDAQ:ICHR) last issued its earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $211.14 million for the quarter, compared to analysts’ expectations of $203.24 million. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.18%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.09) earnings per share. As a group, analysts predict that Ichor Holdings, Ltd. will post -0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ICHR. StockNews.com upgraded shares of Ichor from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. B. Riley restated a “buy” rating and set a $38.00 price target (up previously from $36.00) on shares of Ichor in a research report on Tuesday. DA Davidson initiated coverage on Ichor in a report on Thursday, September 26th. They issued a “buy” rating and a $50.00 price objective for the company. Needham & Company LLC decreased their price objective on Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, TD Cowen upped their target price on Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday. Two 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 presently has an average rating of “Moderate Buy” and a consensus price target of $42.57.

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.