Creative Planning Buys New Shares in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Creative Planning purchased a new position in Ichor Holdings, Ltd. (NASDAQ:ICHR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 18,166 shares of the technology company’s stock, valued at approximately $578,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swedbank AB bought a new stake in shares of Ichor in the 1st quarter worth about $67,106,000. Hood River Capital Management LLC bought a new stake in shares of Ichor in the 1st quarter worth about $36,971,000. Westfield Capital Management Co. LP boosted its stake in shares of Ichor by 162.9% during the 1st quarter. Westfield Capital Management Co. LP now owns 335,867 shares of the technology company’s stock worth $12,971,000 after purchasing an additional 208,117 shares during the period. Vanguard Group Inc. grew its holdings in Ichor by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 2,841,622 shares of the technology company’s stock valued at $109,743,000 after purchasing an additional 176,970 shares during the last quarter. Finally, Millennium Management LLC purchased a new stake in Ichor in the 2nd quarter worth about $6,382,000. 94.81% of the stock is owned by institutional investors.

Ichor Price Performance

Shares of ICHR stock opened at $27.14 on Tuesday. The stock’s 50-day moving average is $28.88 and its 200 day moving average is $33.79. Ichor Holdings, Ltd. has a 1-year low of $22.26 and a 1-year high of $46.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.27 and a quick ratio of 1.91. The company has a market cap of $914.35 million, a P/E ratio of -22.43 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Tuesday, August 6th. The technology company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.02. Ichor had a negative net margin of 4.53% and a negative return on equity of 2.56%. The firm had revenue of $203.23 million during the quarter, compared to analyst estimates of $197.75 million. Research analysts predict that Ichor Holdings, Ltd. will post -0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ICHR. DA Davidson assumed coverage on Ichor in a research note on Thursday, September 26th. They set a “buy” rating and a $50.00 target price on the stock. Oppenheimer initiated coverage on Ichor in a research note on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 target price on the stock. TD Cowen lowered their target price on shares of Ichor from $48.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. StockNews.com raised shares of Ichor from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. Finally, Needham & Company LLC decreased their price objective on shares of Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $43.29.

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.