Federated Investors Inc. PA increased its stake in Ichor Holdings Ltd (NASDAQ:ICHR) by 1.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 486,746 shares of the technology company’s stock after buying an additional 5,099 shares during the quarter. Federated Investors Inc. PA owned 1.90% of Ichor worth $10,329,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Rubric Capital Management LP lifted its holdings in Ichor by 159.6% during the first quarter. Rubric Capital Management LP now owns 1,673,220 shares of the technology company’s stock valued at $40,509,000 after purchasing an additional 1,028,679 shares during the last quarter. BlackRock Inc. lifted its holdings in Ichor by 35.1% during the second quarter. BlackRock Inc. now owns 1,603,700 shares of the technology company’s stock valued at $34,030,000 after purchasing an additional 416,283 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Ichor by 103.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,158,654 shares of the technology company’s stock valued at $24,587,000 after purchasing an additional 587,943 shares during the last quarter. Neuberger Berman Group LLC purchased a new stake in Ichor during the first quarter valued at about $23,286,000. Finally, Systematic Financial Management LP lifted its holdings in Ichor by 4.5% during the first quarter. Systematic Financial Management LP now owns 768,768 shares of the technology company’s stock valued at $18,612,000 after purchasing an additional 33,349 shares during the last quarter. 87.27% of the stock is currently owned by institutional investors.
In other news, Director Iain Mackenzie sold 4,680 shares of the company’s stock in a transaction dated Monday, July 9th. The stock was sold at an average price of $22.13, for a total transaction of $103,568.40. Following the sale, the director now directly owns 4,680 shares in the company, valued at $103,568.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Jeff Andreson purchased 5,200 shares of the firm’s stock in a transaction dated Monday, August 27th. The shares were bought at an average price of $24.22 per share, for a total transaction of $125,944.00. Following the completion of the transaction, the chief financial officer now owns 10,000 shares of the company’s stock, valued at $242,200. The disclosure for this purchase can be found here. Corporate insiders own 2.20% of the company’s stock.
Several equities research analysts have commented on ICHR shares. Royal Bank of Canada dropped their price objective on shares of Ichor from $40.00 to $33.00 and set a “$20.46” rating on the stock in a report on Wednesday, July 18th. Cowen set a $32.00 price objective on shares of Ichor and gave the company an “outperform” rating in a report on Wednesday, August 8th. Zacks Investment Research raised shares of Ichor from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Tuesday, May 15th. Stifel Nicolaus upped their price objective on shares of Ichor from $44.00 to $48.00 and gave the company a “buy” rating in a report on Monday, June 18th. Finally, BidaskClub downgraded shares of Ichor from a “hold” rating to a “sell” rating in a report on Tuesday, July 17th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Ichor has an average rating of “Buy” and an average target price of $37.00.
Shares of ICHR opened at $25.08 on Thursday. Ichor Holdings Ltd has a twelve month low of $18.76 and a twelve month high of $35.51. The stock has a market cap of $631.62 million, a PE ratio of 10.27 and a beta of 4.87. The company has a current ratio of 2.10, a quick ratio of 1.00 and a debt-to-equity ratio of 0.73.
Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Tuesday, August 7th. The technology company reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.27. Ichor had a return on equity of 38.00% and a net margin of 8.60%. The firm had revenue of $248.97 million for the quarter, compared to analysts’ expectations of $236.39 million. sell-side analysts predict that Ichor Holdings Ltd will post 3.03 earnings per share for the current fiscal year.
Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States, the United Kingdom, Singapore, Malaysia, and South Korea. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices.
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