Dynamic Technology Lab Private Ltd Acquires Shares of 19,226 Ichor Holdings, Ltd. (NASDAQ:ICHR)

Dynamic Technology Lab Private Ltd bought a new stake in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 19,226 shares of the technology company's stock, valued at approximately $612,000. Dynamic Technology Lab Private Ltd owned about 0.06% of Ichor as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of ICHR. Vanguard Group Inc. increased its position in shares of Ichor by 6.6% in the first 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 during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Ichor by 17.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,177 shares of the technology company's stock valued at $316,000 after acquiring an additional 1,224 shares during the last quarter. California State Teachers Retirement System grew its holdings in Ichor by 5.1% during the first quarter. California State Teachers Retirement System now owns 32,326 shares of the technology company's stock worth $1,248,000 after purchasing an additional 1,572 shares during the period. Moody National Bank Trust Division bought a new position in Ichor during the second quarter worth about $431,000. Finally, Harbor Capital Advisors Inc. grew its holdings in Ichor by 536.0% during the second quarter. Harbor Capital Advisors Inc. now owns 19,291 shares of the technology company's stock worth $744,000 after purchasing an additional 16,258 shares during the period. Institutional investors and hedge funds own 94.81% of the company's stock.

Ichor Stock Performance

Shares of NASDAQ:ICHR traded up $0.60 during trading on Friday, reaching $32.76. 177,179 shares of the stock were exchanged, compared to its average volume of 300,771. Ichor Holdings, Ltd. has a 12 month low of $25.32 and a 12 month high of $46.43. The firm has a market cap of $1.10 billion, a PE ratio of -35.23 and a beta of 1.91. The stock has a 50-day moving average price of $30.17 and a 200-day moving average price of $33.08. The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18.

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 analysts' consensus estimates 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 return on equity of 2.14% and a negative net margin of 3.51%. The business's revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.09) earnings per share. Research analysts expect that Ichor Holdings, Ltd. will post -0.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Oppenheimer assumed coverage on Ichor in a report on Wednesday, September 25th. They set a "market perform" rating and a $35.00 price target for the company. StockNews.com upgraded Ichor from a "sell" rating to a "hold" rating in a report on Wednesday, August 14th. Needham & Company LLC reduced their price target on Ichor from $44.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. TD Cowen lifted their price target on Ichor from $35.00 to $40.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Finally, B. Riley reiterated 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. Two 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 company presently has a consensus 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.