Royce & Associates LP Has $22.87 Million Holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Royce & Associates LP lifted its stake in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 20.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 718,967 shares of the technology company's stock after acquiring an additional 123,585 shares during the quarter. Royce & Associates LP owned approximately 2.13% of Ichor worth $22,870,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. GSA Capital Partners LLP acquired a new position in shares of Ichor during the 3rd quarter worth approximately $1,380,000. Versor Investments LP bought a new position in shares of Ichor in the third quarter valued at $394,000. Harbor Capital Advisors Inc. increased its holdings in Ichor by 105.5% during the third quarter. Harbor Capital Advisors Inc. now owns 39,642 shares of the technology company's stock worth $1,261,000 after buying an additional 20,351 shares during the last quarter. Pinnacle Associates Ltd. raised its position in Ichor by 2.2% during the third quarter. Pinnacle Associates Ltd. now owns 498,955 shares of the technology company's stock worth $16,780,000 after acquiring an additional 10,761 shares in the last quarter. Finally, Tectonic Advisors LLC lifted its stake in Ichor by 5.8% in the third quarter. Tectonic Advisors LLC now owns 33,461 shares of the technology company's stock valued at $1,064,000 after acquiring an additional 1,845 shares during the last quarter. Institutional investors own 94.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ICHR. Needham & Company LLC dropped their target price on shares of Ichor from $44.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. StockNews.com upgraded Ichor from a "sell" rating to a "hold" rating in a research note on Wednesday, August 14th. Oppenheimer initiated coverage on Ichor in a research note on Wednesday, September 25th. They set a "market perform" rating and a $35.00 target price for the company. 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. Finally, DA Davidson started coverage on shares of Ichor in a research report on Thursday, September 26th. They set a "buy" rating and a $50.00 price objective for the company. Two equities 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $42.57.

Ichor Stock Performance

ICHR stock traded down $1.61 during trading hours on Friday, hitting $30.22. 194,037 shares of the stock were exchanged, compared to its average volume of 302,754. Ichor Holdings, Ltd. has a 12 month low of $24.82 and a 12 month high of $46.43. 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 capitalization of $1.02 billion, a P/E ratio of -32.49 and a beta of 1.91. The company has a 50-day simple moving average of $29.36 and a two-hundred day simple moving average of $33.50.

Ichor (NASDAQ:ICHR - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. The business had revenue of $211.14 million for 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%. Ichor's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.09) earnings per share. On average, analysts forecast that Ichor Holdings, Ltd. will post -0.1 earnings per share for the current fiscal year.

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.