Hodges Capital Management Inc. Raises Stock Holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Hodges Capital Management Inc. lifted its holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 52.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 217,125 shares of the technology company's stock after buying an additional 74,255 shares during the quarter. Hodges Capital Management Inc. owned about 0.64% of Ichor worth $6,996,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ICHR. JPMorgan Chase & Co. raised its holdings in Ichor by 157.9% in the third quarter. JPMorgan Chase & Co. now owns 340,247 shares of the technology company's stock worth $10,823,000 after purchasing an additional 208,328 shares during the period. State Street Corp grew its position 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Ichor by 65.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,904 shares of the technology company's stock worth $1,746,000 after buying an additional 21,810 shares during the period. Foundry Partners LLC bought a new position in Ichor during the 3rd quarter worth about $3,107,000. Finally, Mutual of America Capital Management LLC raised its position in Ichor by 50.1% in the 3rd quarter. Mutual of America Capital Management LLC now owns 121,500 shares of the technology company's stock valued at $3,865,000 after buying an additional 40,575 shares during the last quarter. Institutional investors own 94.81% of the company's stock.

Ichor Trading Up 0.7 %

ICHR stock traded up $0.22 during midday trading on Thursday, hitting $32.50. The stock had a trading volume of 492,033 shares, compared to its average volume of 283,206. 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 firm has a market cap of $1.10 billion, a P/E ratio of -34.95 and a beta of 1.91. The business has a fifty day moving average price of $31.33 and a two-hundred day moving average price of $30.61. Ichor Holdings, Ltd. has a 1-year low of $25.95 and a 1-year high of $46.43.

Ichor (NASDAQ:ICHR - Get Free Report) last issued its earnings results on Tuesday, February 4th. The technology company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.14). Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. On average, sell-side analysts predict that Ichor Holdings, Ltd. will post -0.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ICHR. Needham & Company LLC restated a "hold" rating on shares of Ichor in a report on Wednesday. TD Cowen cut their price objective on shares of Ichor from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Friday, January 17th. Finally, B. Riley reissued a "buy" rating and issued a $38.00 price objective (up from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Ichor presently has an average rating of "Moderate Buy" and a consensus price target of $42.29.

About Ichor

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.