Franklin Resources Inc. Sells 19,305 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Franklin Resources Inc. reduced its holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 19.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 80,439 shares of the technology company's stock after selling 19,305 shares during the quarter. Franklin Resources Inc. owned about 0.24% of Ichor worth $2,422,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ICHR. Quarry LP raised its stake in Ichor by 99.5% in the second 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. Amalgamated Bank grew its holdings in shares of Ichor by 6.1% during the 2nd 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 period. GAMMA Investing LLC grew its holdings in shares of Ichor by 136.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company's stock worth $34,000 after acquiring an additional 625 shares during the period. Signaturefd LLC raised its position in shares of Ichor by 214.6% in the 3rd quarter. Signaturefd LLC now owns 1,252 shares of the technology company's stock worth $40,000 after acquiring an additional 854 shares in 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 purchasing an additional 1,068 shares during the period. 94.81% of the stock is owned by hedge funds and other institutional investors.

Ichor Stock Down 1.6 %

Ichor stock traded down $0.52 during trading hours on Friday, hitting $31.37. The stock had a trading volume of 128,715 shares, compared to its average volume of 297,220. The stock's 50-day moving average price is $31.27 and its 200-day moving average price is $32.27. Ichor Holdings, Ltd. has a 12-month low of $26.40 and a 12-month high of $46.43. 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 market capitalization of $1.06 billion, a P/E ratio of -33.73 and a beta of 1.93.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 earnings per share 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 analyst estimates of $203.24 million. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. 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 EPS for the current fiscal year.

Analysts Set New Price Targets

ICHR has been the subject of a number of research reports. B. Riley reiterated a "buy" rating and issued a $38.00 price objective (up previously from $36.00) on shares of Ichor in a report on Tuesday, November 5th. TD Cowen increased their price target on shares of Ichor from $35.00 to $40.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Oppenheimer initiated coverage on shares of Ichor in a research note on Wednesday, September 25th. They set a "market perform" rating and a $35.00 price objective on the stock. Finally, DA Davidson began coverage on shares of Ichor in a 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 given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $42.57.

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.