Barclays PLC Buys 44,897 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Barclays PLC grew its holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 377.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,787 shares of the technology company's stock after purchasing an additional 44,897 shares during the period. Barclays PLC owned about 0.17% of Ichor worth $1,808,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Quarry LP increased its position in Ichor by 99.5% in the 2nd quarter. Quarry LP now owns 868 shares of the technology company's stock worth $33,000 after purchasing an additional 433 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Ichor by 136.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company's stock valued at $34,000 after buying an additional 625 shares in the last quarter. Signaturefd LLC increased its holdings in Ichor by 214.6% in the third quarter. Signaturefd LLC now owns 1,252 shares of the technology company's stock worth $40,000 after buying an additional 854 shares during the last quarter. CWM LLC raised its position in Ichor by 134.9% during the third quarter. CWM LLC now owns 3,617 shares of the technology company's stock valued at $115,000 after acquiring an additional 2,077 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Ichor by 28.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company's stock valued at $153,000 after acquiring an additional 1,068 shares during the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ICHR. B. Riley restated a "buy" rating and set a $38.00 price target (up previously from $36.00) on shares of Ichor in a report on Tuesday, November 5th. Oppenheimer began coverage on Ichor in a research report on Wednesday, September 25th. They issued a "market perform" rating and a $35.00 price target for the company. TD Cowen increased their price objective on Ichor from $35.00 to $40.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Finally, DA Davidson initiated coverage on Ichor in a research report on Thursday, September 26th. They set a "buy" rating and a $50.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $42.57.

Ichor Stock Performance

ICHR stock traded down $0.52 on Friday, reaching $31.37. 128,715 shares of the company were exchanged, compared to its average volume of 297,220. The firm has a market capitalization of $1.06 billion, a PE ratio of -33.73 and a beta of 1.93. Ichor Holdings, Ltd. has a 12 month low of $26.40 and a 12 month high of $46.43. The stock's fifty day moving average price is $31.27 and its 200 day moving average price is $32.23. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.64 and a quick ratio of 1.69.

Ichor (NASDAQ:ICHR - Get Free Report) last posted 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. The company had revenue of $211.14 million for the quarter, compared to the consensus estimate of $203.24 million. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The business's revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.09) EPS. On average, research analysts anticipate that Ichor Holdings, Ltd. will post -0.1 EPS for the current fiscal year.

Ichor 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.