Chartwell Investment Partners LLC Reduces Stock Position in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Chartwell Investment Partners LLC lowered its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 51.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 154,629 shares of the technology company's stock after selling 164,797 shares during the period. Chartwell Investment Partners LLC owned approximately 0.46% of Ichor worth $4,919,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its position in shares of Ichor by 197.8% during the first quarter. BNP Paribas Financial Markets now owns 24,042 shares of the technology company's stock worth $929,000 after purchasing an additional 15,968 shares during the period. Mutual of America Capital Management LLC bought a new stake in shares of Ichor during the first quarter worth about $1,353,000. Texas Permanent School Fund Corp raised its holdings in shares of Ichor by 1.5% in the 1st quarter. Texas Permanent School Fund Corp now owns 25,761 shares of the technology company's stock worth $995,000 after acquiring an additional 381 shares during the last quarter. Swiss National Bank lifted its position in Ichor by 12.1% in the 1st quarter. Swiss National Bank now owns 64,700 shares of the technology company's stock valued at $2,499,000 after acquiring an additional 7,000 shares in the last quarter. Finally, US Bancorp DE boosted its stake in Ichor by 75.4% during the 1st quarter. US Bancorp DE now owns 18,878 shares of the technology company's stock valued at $729,000 after purchasing an additional 8,116 shares during the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.

Ichor Stock Performance

ICHR traded down $0.46 on Tuesday, hitting $32.61. The company's stock had a trading volume of 194,589 shares, compared to its average volume of 304,483. Ichor Holdings, Ltd. has a 12 month low of $22.99 and a 12 month high of $46.43. The firm has a market cap of $1.10 billion, a P/E ratio of -35.56 and a beta of 1.91. The company has a quick ratio of 1.91, a current ratio of 3.64 and a debt-to-equity ratio of 0.18. The company's 50 day simple moving average is $29.10 and its 200-day simple moving average is $33.64.

Ichor (NASDAQ:ICHR - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. The company had revenue of $211.14 million for the quarter, compared to analyst estimates of $203.24 million. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.09) EPS. Analysts forecast that Ichor Holdings, Ltd. will post -0.1 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on ICHR shares. StockNews.com upgraded shares of Ichor from a "sell" rating to a "hold" rating in a report on Wednesday, August 14th. B. Riley reaffirmed a "buy" rating and set a $38.00 price target (up from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. TD Cowen boosted their price objective on Ichor from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. DA Davidson began 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. Finally, Needham & Company LLC cut their price target on shares of Ichor from $44.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. Two 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.