Neuberger Berman Group LLC lifted its stake in Ichor Holdings Ltd (NASDAQ:ICHR) by 13.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,203,503 shares of the technology company’s stock after buying an additional 142,668 shares during the period. Neuberger Berman Group LLC owned approximately 4.71% of Ichor worth $32,254,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Ichor in the third quarter worth about $107,000. C M Bidwell & Associates Ltd. bought a new stake in Ichor during the 2nd quarter valued at approximately $162,000. The Manufacturers Life Insurance Company bought a new stake in Ichor during the 2nd quarter valued at approximately $180,000. Royal Bank of Canada boosted its position in Ichor by 38.2% during the 2nd quarter. Royal Bank of Canada now owns 9,400 shares of the technology company’s stock valued at $189,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Hancock Holding Co. boosted its position in Ichor by 1.2% during the 2nd quarter. Hancock Holding Co. now owns 10,326 shares of the technology company’s stock valued at $208,000 after acquiring an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 75.43% of the company’s stock.
ICHR has been the topic of several research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 price objective on shares of Ichor in a research report on Tuesday, September 19th. Deutsche Bank reiterated a “buy” rating and set a $32.00 target price (up from $26.00) on shares of Ichor in a report on Tuesday, October 10th. Zacks Investment Research lowered shares of Ichor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. Cowen boosted their price objective on shares of Ichor from $27.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $37.00 price objective on shares of Ichor in a report on Friday, October 20th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $34.17.
Shares of Ichor Holdings Ltd (NASDAQ:ICHR) traded down $0.44 on Friday, reaching $24.74. 982,583 shares of the company’s stock were exchanged, compared to its average volume of 1,110,000. The stock has a market cap of $633.07 and a price-to-earnings ratio of 5.92. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 2.03. Ichor Holdings Ltd has a 1-year low of $14.02 and a 1-year high of $35.51.
Ichor (NASDAQ:ICHR) last announced its earnings results on Thursday, November 9th. The technology company reported $0.62 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.62. Ichor had a net margin of 7.43% and a return on equity of 32.99%. The business had revenue of $164.50 million during the quarter, compared to analyst estimates of $165.16 million. The firm’s quarterly revenue was up 55.6% on a year-over-year basis. research analysts expect that Ichor Holdings Ltd will post 2.4 earnings per share for the current fiscal year.
In related news, CEO Thomas M. Rohrs sold 130,767 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $27.85, for a total value of $3,641,860.95. Following the completion of the transaction, the chief executive officer now owns 173,090 shares of the company’s stock, valued at approximately $4,820,556.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Iain Mackenzie sold 4,690 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $26.10, for a total transaction of $122,409.00. Following the completion of the transaction, the director now directly owns 4,690 shares of the company’s stock, valued at approximately $122,409. The disclosure for this sale can be found here. In the last three months, insiders have sold 211,994 shares of company stock valued at $5,858,200. Insiders own 5.80% of the company’s stock.
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Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices.
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