Geode Capital Management LLC increased its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 795,794 shares of the technology company's stock after buying an additional 27,540 shares during the quarter. Geode Capital Management LLC owned about 2.36% of Ichor worth $25,319,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in ICHR. Barclays PLC grew its stake in shares of Ichor by 377.6% during the 3rd quarter. Barclays PLC now owns 56,787 shares of the technology company's stock valued at $1,808,000 after buying an additional 44,897 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Ichor during the third quarter valued at about $207,000. Hodges Capital Management Inc. increased its stake in Ichor by 2.8% during the third quarter. Hodges Capital Management Inc. now owns 142,870 shares of the technology company's stock worth $4,545,000 after acquiring an additional 3,950 shares during the last quarter. Weiss Asset Management LP purchased a new position in shares of Ichor in the 3rd quarter worth about $481,000. Finally, State Street Corp lifted its stake in shares of Ichor by 1.8% in the 3rd quarter. State Street Corp now owns 1,232,532 shares of the technology company's stock valued at $39,207,000 after purchasing an additional 21,804 shares in the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.
Ichor Stock Down 1.6 %
Shares of Ichor stock traded down $0.52 during trading hours on Friday, hitting $31.37. 128,715 shares of the company's stock traded hands, compared to its average volume of 297,220. Ichor Holdings, Ltd. has a twelve month low of $26.40 and a twelve month high of $46.43. The company has a market cap of $1.06 billion, a PE ratio of -33.73 and a beta of 1.93. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18. The stock has a 50 day simple moving average of $31.27 and a 200-day simple moving average of $32.23.
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 return on equity of 2.14% and a negative net margin of 3.51%. Ichor'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 business earned ($0.09) EPS. Equities research analysts anticipate that Ichor Holdings, Ltd. will post -0.1 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the stock. TD Cowen increased their target price on shares of 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 target price (up previously from $36.00) on shares of Ichor in a report on Tuesday, November 5th. Oppenheimer assumed coverage on Ichor in a report on Wednesday, September 25th. They issued a "market perform" rating and a $35.00 price target for the company. Finally, DA Davidson initiated coverage on Ichor in a research report on Thursday, September 26th. They issued a "buy" rating and a $50.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $42.57.
Read Our Latest Analysis on ICHR
Ichor Profile
(
Free Report)
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.
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