Stifel Financial Corp Increases Holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Stifel Financial Corp lifted its position in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 8.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,805 shares of the technology company’s stock after buying an additional 4,036 shares during the period. Stifel Financial Corp owned approximately 0.15% of Ichor worth $1,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Quarry LP grew its position in Ichor by 99.5% during the second quarter. Quarry LP now owns 868 shares of the technology company’s stock valued at $33,000 after buying an additional 433 shares during the period. GAMMA Investing LLC boosted its stake in shares of Ichor by 136.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock worth $34,000 after acquiring an additional 625 shares during the last quarter. Signaturefd LLC grew its position in shares of Ichor by 214.6% during the 3rd quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock valued at $40,000 after acquiring an additional 854 shares during the period. CWM LLC increased its stake in shares of Ichor by 134.9% in the 3rd quarter. CWM LLC now owns 3,617 shares of the technology company’s stock worth $115,000 after purchasing an additional 2,077 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Ichor by 28.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock worth $153,000 after purchasing an additional 1,068 shares during the period. Institutional investors own 94.81% of the company’s stock.

Ichor Stock Performance

NASDAQ ICHR opened at $29.80 on Friday. The firm has a market capitalization of $1.01 billion, a P/E ratio of -32.04 and a beta of 1.93. The stock has a 50-day simple moving average of $31.01 and a two-hundred day simple moving average of $32.49. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 3.64. Ichor Holdings, Ltd. has a fifty-two week low of $26.40 and a fifty-two week high of $46.43.

Ichor (NASDAQ:ICHR) last posted 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. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The business had revenue of $211.14 million for the quarter, compared to analyst estimates of $203.24 million. During the same period in the prior year, the company posted ($0.09) EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts forecast that Ichor Holdings, Ltd. will post -0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ICHR shares. DA Davidson assumed coverage on shares of Ichor in a report on Thursday, September 26th. They set a “buy” rating and a $50.00 price target on the stock. TD Cowen upped their target price on shares of Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Oppenheimer initiated coverage on Ichor in a report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 price target on the stock. Finally, B. Riley reaffirmed a “buy” rating and issued a $38.00 price objective (up previously from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus 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.