Thrivent Financial for Lutherans cut its stake in Ichor Holdings Ltd (NASDAQ:ICHR) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,110 shares of the technology company’s stock after selling 908 shares during the period. Thrivent Financial for Lutherans’ holdings in Ichor were worth $263,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan bought a new position in shares of Ichor during the 4th quarter valued at $827,000. Impax Asset Management Group plc raised its holdings in shares of Ichor by 5.2% during the 4th quarter. Impax Asset Management Group plc now owns 801,837 shares of the technology company’s stock valued at $13,070,000 after purchasing an additional 39,948 shares in the last quarter. SevenBridge Financial Group LLC raised its holdings in shares of Ichor by 212.5% during the 4th quarter. SevenBridge Financial Group LLC now owns 3,750 shares of the technology company’s stock valued at $61,000 after purchasing an additional 2,550 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of Ichor by 53.2% during the 4th quarter. Lord Abbett & CO. LLC now owns 202,858 shares of the technology company’s stock valued at $3,307,000 after purchasing an additional 70,423 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Ichor by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 263,466 shares of the technology company’s stock valued at $4,294,000 after purchasing an additional 8,375 shares in the last quarter. Institutional investors and hedge funds own 99.77% of the company’s stock.
A number of research analysts have recently weighed in on ICHR shares. Needham & Company LLC raised their price target on shares of Ichor to $27.00 and gave the company a “buy” rating in a report on Thursday, February 7th. Zacks Investment Research downgraded shares of Ichor from a “hold” rating to a “strong sell” rating in a report on Thursday, January 31st. BidaskClub upgraded shares of Ichor from a “hold” rating to a “buy” rating in a report on Saturday, February 2nd. ValuEngine upgraded shares of Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Finally, DA Davidson started coverage on shares of Ichor in a report on Thursday, March 7th. They set a “buy” rating and a $30.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Ichor currently has an average rating of “Buy” and an average target price of $28.17.
In other Ichor news, COO Kevin M. Canty sold 1,750 shares of the firm’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $21.89, for a total value of $38,307.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Philip Ryan Sr. Barros sold 28,457 shares of the firm’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $21.57, for a total transaction of $613,817.49. Following the completion of the sale, the chief technology officer now owns 33,062 shares in the company, valued at $713,147.34. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
NASDAQ:ICHR opened at $24.76 on Wednesday. Ichor Holdings Ltd has a 1 year low of $14.23 and a 1 year high of $27.48. The company has a current ratio of 2.41, a quick ratio of 1.03 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $548.52 million, a P/E ratio of 8.87 and a beta of 2.85.
Ichor (NASDAQ:ICHR) last posted its earnings results on Wednesday, February 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.04). Ichor had a net margin of 7.03% and a return on equity of 30.78%. The firm had revenue of $141.40 million during the quarter, compared to analyst estimates of $144.20 million. During the same quarter in the previous year, the business posted $0.70 earnings per share. The business’s quarterly revenue was down 22.7% compared to the same quarter last year. Research analysts forecast that Ichor Holdings Ltd will post 1.56 EPS for the current year.
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Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising electroplating and cleaning.
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