Foundry Partners LLC Buys Shares of 97,660 Ichor Holdings, Ltd. (NASDAQ:ICHR)

Foundry Partners LLC purchased a new position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 97,660 shares of the technology company's stock, valued at approximately $3,107,000. Foundry Partners LLC owned about 0.29% of Ichor as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swedbank AB bought a new position in shares of Ichor during the first quarter valued at approximately $67,106,000. Hood River Capital Management LLC purchased a new stake in shares of Ichor in the 1st quarter worth about $36,971,000. Vanguard Group Inc. boosted its position in Ichor by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 2,841,622 shares of the technology company's stock valued at $109,743,000 after acquiring an additional 176,970 shares in the last quarter. Millennium Management LLC bought a new stake in shares of Ichor during the second quarter valued at approximately $6,382,000. Finally, Renaissance Technologies LLC grew its position in shares of Ichor by 322.6% in the 2nd quarter. Renaissance Technologies LLC now owns 164,400 shares of the technology company's stock worth $6,338,000 after buying an additional 125,500 shares during the period. 94.81% of the stock is currently owned by institutional investors.

Ichor Price Performance

ICHR traded up $0.79 during trading on Friday, reaching $33.35. 234,500 shares of the company traded hands, compared to its average volume of 301,895. Ichor Holdings, Ltd. has a 12-month low of $25.32 and a 12-month high of $46.43. The firm has a fifty day simple moving average of $29.62 and a 200 day simple moving average of $33.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 3.64. The company has a market cap of $1.12 billion, a P/E ratio of -35.00 and a beta of 1.91.

Ichor (NASDAQ:ICHR - Get Free Report) last issued its quarterly earnings data 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 return on equity of 2.14% and a negative net margin of 3.51%. The business had revenue of $211.14 million for the quarter, compared to analysts' expectations of $203.24 million. During the same period in the prior year, the firm earned ($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 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on ICHR shares. Oppenheimer began coverage on Ichor in a research report on Wednesday, September 25th. They set a "market perform" rating and a $35.00 price objective for the company. TD Cowen boosted their target price on Ichor from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. B. Riley restated a "buy" rating and set a $38.00 price objective (up previously from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. Needham & Company LLC dropped their price target on Ichor from $44.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, August 7th. Finally, DA Davidson started coverage on Ichor in a research note on Thursday, September 26th. They set a "buy" rating and a $50.00 price target for the company. Two investment 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 stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.57.

Ichor Company Profile

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.