The Manufacturers Life Insurance Company Decreases Stock Holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR)

The Manufacturers Life Insurance Company trimmed its position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 2.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,611 shares of the technology company’s stock after selling 390 shares during the period. The Manufacturers Life Insurance Company’s holdings in Ichor were worth $528,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ICHR. Foundry Partners LLC bought a new position in Ichor during the 3rd quarter valued at approximately $3,107,000. Mutual of America Capital Management LLC raised its holdings in shares of Ichor by 50.1% during the third quarter. Mutual of America Capital Management LLC now owns 121,500 shares of the technology company’s stock valued at $3,865,000 after acquiring an additional 40,575 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in Ichor by 5.6% in the second quarter. First Eagle Investment Management LLC now owns 373,948 shares of the technology company’s stock worth $14,416,000 after acquiring an additional 19,850 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Ichor by 105.5% in the third quarter. Harbor Capital Advisors Inc. now owns 39,642 shares of the technology company’s stock valued at $1,261,000 after acquiring an additional 20,351 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Ichor by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 472,757 shares of the technology company’s stock valued at $15,038,000 after purchasing an additional 26,951 shares during the period. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Ichor Trading Down 3.0 %

NASDAQ ICHR opened at $32.35 on Friday. Ichor Holdings, Ltd. has a 12 month low of $26.40 and a 12 month high of $46.43. The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. The stock’s fifty day moving average price is $30.90 and its 200-day moving average price is $32.70. The stock has a market cap of $1.09 billion, a P/E ratio of -34.78 and a beta of 1.93.

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 business had revenue of $211.14 million during 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 2.14%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.09) earnings per share. As a group, equities analysts forecast that Ichor Holdings, Ltd. will post -0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ICHR shares. DA Davidson began coverage on shares of Ichor in a research note on Thursday, September 26th. They set a “buy” rating and a $50.00 target price on the stock. Oppenheimer began coverage on Ichor in a report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 target price on the stock. TD Cowen raised their target price on Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, B. Riley reaffirmed a “buy” rating and issued a $38.00 price target (up from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $42.57.

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.