Connor Clark & Lunn Investment Management Ltd. Has $3.20 Million Stake in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 143.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,692 shares of the technology company's stock after purchasing an additional 59,371 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.30% of Ichor worth $3,203,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quarry LP raised its holdings in shares of Ichor by 99.5% during the 2nd quarter. Quarry LP now owns 868 shares of the technology company's stock worth $33,000 after buying an additional 433 shares in the last quarter. CWM LLC raised its stake in Ichor by 50.5% during the second quarter. CWM LLC now owns 1,540 shares of the technology company's stock worth $59,000 after acquiring an additional 517 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Ichor by 6.1% in the second quarter. Amalgamated Bank now owns 10,025 shares of the technology company's stock worth $386,000 after acquiring an additional 577 shares during the last quarter. GAMMA Investing LLC boosted 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 purchasing an additional 625 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Ichor by 214.6% during the 3rd quarter. Signaturefd LLC now owns 1,252 shares of the technology company's stock valued at $40,000 after purchasing an additional 854 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ICHR. B. Riley restated a "buy" rating and issued a $38.00 target price (up previously 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. Needham & Company LLC lowered their target price on Ichor from $44.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. 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 on the stock. Finally, Oppenheimer assumed coverage on Ichor in a research note on Wednesday, September 25th. They issued a "market perform" rating and a $35.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $42.57.

Ichor Trading Up 3.1 %

NASDAQ:ICHR traded up $1.02 on Monday, reaching $34.37. 438,616 shares of the stock traded hands, compared to its average volume of 302,495. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -36.96 and a beta of 1.91. Ichor Holdings, Ltd. has a 1-year low of $25.32 and a 1-year high of $46.43. The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. The company's 50 day moving average is $29.70 and its 200-day moving average is $33.19.

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 for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $211.14 million during the quarter, compared to analysts' expectations of $203.24 million. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. Ichor's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.09) earnings per share. Equities 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.