UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 65.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,904 shares of the technology company's stock after purchasing an additional 21,810 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.16% of Ichor worth $1,746,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Foundry Partners LLC purchased a new position in shares of Ichor in the third quarter valued at approximately $3,107,000. Mutual of America Capital Management LLC raised its stake 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 purchasing an additional 40,575 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in Ichor by 5.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 373,948 shares of the technology company's stock valued at $14,416,000 after purchasing an additional 19,850 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Ichor by 105.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 39,642 shares of the technology company's stock worth $1,261,000 after purchasing an additional 20,351 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Ichor by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 472,757 shares of the technology company's stock worth $15,038,000 after buying an additional 26,951 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company's stock.
Ichor Trading Down 2.5 %
Shares of ICHR traded down $0.81 during midday trading on Tuesday, reaching $31.73. The company had a trading volume of 347,960 shares, compared to its average volume of 298,592. Ichor Holdings, Ltd. has a 1-year low of $26.40 and a 1-year high of $46.43. The stock has a market cap of $1.07 billion, a PE ratio of -34.99 and a beta of 1.93. The firm has a 50 day simple moving average of $30.92 and a 200-day simple moving average of $32.62. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18.
Ichor (NASDAQ:ICHR - Get Free Report) last issued its earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. The business had revenue of $211.14 million during the quarter, compared to the consensus estimate of $203.24 million. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. The company's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the company earned ($0.09) EPS. Research analysts forecast that Ichor Holdings, Ltd. will post -0.1 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the stock. TD Cowen boosted their price target on shares of Ichor from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. DA Davidson assumed coverage on Ichor in a report on Thursday, September 26th. They set a "buy" rating and a $50.00 target price on the stock. Oppenheimer began coverage on Ichor in a research report on Wednesday, September 25th. They issued a "market perform" rating and a $35.00 price target for the company. Finally, B. Riley reissued a "buy" rating and set a $38.00 price objective (up previously from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Ichor presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.57.
Read Our Latest Research Report on ICHR
Ichor Profile
(
Free Report)
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.
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