State Street Corp Grows Stake in Ichor Holdings, Ltd. (NASDAQ:ICHR)

State Street Corp increased its stake in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,232,532 shares of the technology company's stock after buying an additional 21,804 shares during the period. State Street Corp owned 3.65% of Ichor worth $39,207,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ICHR. Quarry LP raised its position in shares of Ichor by 99.5% in the 2nd quarter. Quarry LP now owns 868 shares of the technology company's stock worth $33,000 after acquiring an additional 433 shares in the last quarter. Amalgamated Bank raised its holdings in Ichor by 6.1% in the second quarter. Amalgamated Bank now owns 10,025 shares of the technology company's stock worth $386,000 after purchasing an additional 577 shares in the last quarter. GAMMA Investing LLC lifted its position in Ichor by 136.2% during the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company's stock valued at $34,000 after buying an additional 625 shares during the period. Signaturefd LLC boosted its holdings in shares of Ichor by 214.6% during the 3rd quarter. Signaturefd LLC now owns 1,252 shares of the technology company's stock valued at $40,000 after buying an additional 854 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position 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 worth $153,000 after buying an additional 1,068 shares during the period. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ICHR. Oppenheimer assumed coverage on shares of Ichor in a research report on Wednesday, September 25th. They set a "market perform" rating and a $35.00 price target for the company. DA Davidson initiated coverage on Ichor in a research report on Thursday, September 26th. They issued a "buy" rating and a $50.00 price target on the stock. TD Cowen raised their price objective on Ichor from $35.00 to $40.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Finally, B. Riley reissued a "buy" rating and issued a $38.00 target price (up from $36.00) on shares of Ichor in a report on Tuesday, November 5th. Two equities 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 company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $42.57.

Ichor Stock Down 0.4 %

ICHR stock traded down $0.12 during midday trading on Friday, hitting $29.80. The company's stock had a trading volume of 649,671 shares, compared to its average volume of 300,149. The firm's 50-day moving average is $31.01 and its 200-day moving average is $32.46. The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. Ichor Holdings, Ltd. has a 12 month low of $26.40 and a 12 month high of $46.43. The company has a market cap of $1.01 billion, a PE ratio of -32.04 and a beta of 1.93.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $203.24 million. During the same period in the prior year, the company posted ($0.09) earnings per share. The company's quarterly revenue was up 7.3% on a year-over-year basis. On average, equities research 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.