Principal Financial Group Inc. Sells 6,376 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Principal Financial Group Inc. trimmed its position in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 3.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 159,034 shares of the technology company’s stock after selling 6,376 shares during the quarter. Principal Financial Group Inc.’s holdings in Ichor were worth $5,059,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Quarry LP lifted its position in Ichor by 99.5% during the 2nd quarter. Quarry LP now owns 868 shares of the technology company’s stock worth $33,000 after acquiring an additional 433 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Ichor by 136.2% in the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock worth $34,000 after purchasing an additional 625 shares during the period. Signaturefd LLC lifted its position in shares of Ichor by 214.6% during the 3rd quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock worth $40,000 after purchasing an additional 854 shares during the last quarter. CWM LLC boosted its stake in Ichor by 50.5% during the 2nd quarter. CWM LLC now owns 1,540 shares of the technology company’s stock valued at $59,000 after purchasing an additional 517 shares during the period. Finally, ProShare Advisors LLC acquired a new stake in Ichor in the 1st quarter valued at approximately $225,000. 94.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ICHR shares. Oppenheimer began coverage on Ichor in a research report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price objective for the company. B. Riley reiterated a “buy” rating and issued a $38.00 target price (up previously from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. StockNews.com upgraded Ichor from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. TD Cowen lifted their price objective on Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Needham & Company LLC lowered their price objective on Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. 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 currently has a consensus rating of “Moderate Buy” and an average target price of $42.57.

Ichor Trading Up 2.2 %

ICHR stock opened at $31.10 on Thursday. Ichor Holdings, Ltd. has a 1-year low of $25.08 and a 1-year 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 business’s 50 day moving average is $29.48 and its 200-day moving average is $33.32. The firm has a market cap of $1.05 billion, a P/E ratio of -32.71 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $211.14 million for the quarter, compared to analysts’ expectations of $203.24 million. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.09) earnings per share. Equities analysts anticipate 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.