JPMorgan Chase & Co. Has $10.82 Million Stock Holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR)

JPMorgan Chase & Co. raised its holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 157.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 340,247 shares of the technology company's stock after purchasing an additional 208,328 shares during the quarter. JPMorgan Chase & Co. owned 1.01% of Ichor worth $10,823,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of ICHR. Quarry LP boosted its holdings in shares of Ichor by 99.5% in the 2nd quarter. Quarry LP now owns 868 shares of the technology company's stock valued at $33,000 after purchasing an additional 433 shares in the last quarter. GAMMA Investing LLC boosted its holdings 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. Signaturefd LLC lifted its stake in shares of Ichor by 214.6% in the 3rd quarter. Signaturefd LLC now owns 1,252 shares of the technology company's stock valued at $40,000 after acquiring an additional 854 shares during the last quarter. CWM LLC lifted its stake in shares of Ichor by 134.9% in the 3rd quarter. CWM LLC now owns 3,617 shares of the technology company's stock valued at $115,000 after acquiring an additional 2,077 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Ichor by 28.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company's stock valued at $153,000 after acquiring an additional 1,068 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company's stock.

Ichor Trading Down 4.5 %

Shares of ICHR stock traded down $1.44 during mid-day trading on Monday, hitting $30.56. The company's stock had a trading volume of 328,065 shares, compared to its average volume of 193,166. The company's fifty day simple moving average is $32.26 and its 200-day simple moving average is $31.86. Ichor Holdings, Ltd. has a 52 week low of $26.40 and a 52 week high of $46.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 3.64. The company has a market cap of $1.03 billion, a PE ratio of -32.86 and a beta of 1.92.

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. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. The firm had revenue of $211.14 million during the quarter, compared to analyst estimates of $203.24 million. During the same period last year, the company posted ($0.09) EPS. The business's quarterly revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts expect that Ichor Holdings, Ltd. will post -0.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ICHR shares. TD Cowen increased their price target on Ichor from $35.00 to $40.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. Oppenheimer started coverage on Ichor in a research note on Wednesday, September 25th. They issued a "market perform" rating and a $35.00 price target for the company. DA Davidson began coverage on Ichor in a research note on Thursday, September 26th. They issued a "buy" rating and a $50.00 price target for the company. Needham & Company LLC lowered Ichor from a "buy" rating to a "hold" rating in a research report on Monday. Finally, B. Riley reaffirmed a "buy" rating and set a $38.00 target price (up from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Ichor presently has a consensus rating of "Moderate Buy" and an average target price 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.