UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in Ichor Holdings, Ltd. (NASDAQ:ICHR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 65.9% in the 3rd quarter, HoldingsChannel reports. The firm 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’s holdings in Ichor were worth $1,746,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hood River Capital Management LLC lifted its stake in Ichor by 15.8% during the 2nd quarter. Hood River Capital Management LLC now owns 1,108,227 shares of the technology company’s stock valued at $42,722,000 after acquiring an additional 150,933 shares during the period. Royce & Associates LP raised its holdings in shares of Ichor by 20.8% during the third quarter. Royce & Associates LP now owns 718,967 shares of the technology company’s stock worth $22,870,000 after purchasing an additional 123,585 shares during the last quarter. Westfield Capital Management Co. LP lifted its position in Ichor by 4.5% during the third quarter. Westfield Capital Management Co. LP now owns 580,818 shares of the technology company’s stock valued at $18,476,000 after purchasing an additional 24,889 shares during the period. Segall Bryant & Hamill LLC boosted its stake in shares of Ichor by 26.8% in the third quarter. Segall Bryant & Hamill LLC now owns 568,117 shares of the technology company’s stock worth $18,072,000 after buying an additional 120,133 shares during the last quarter. Finally, Pinnacle Associates Ltd. grew its stake in shares of Ichor by 2.2% during the 3rd quarter. Pinnacle Associates Ltd. now owns 498,955 shares of the technology company’s stock worth $16,780,000 after purchasing an additional 10,761 shares during the period. Institutional investors and hedge funds own 94.81% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ICHR shares. B. Riley reiterated a “buy” rating and set a $38.00 target price (up previously from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. TD Cowen upped their price objective on Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. DA Davidson began coverage on shares of Ichor in a research note on Thursday, September 26th. They issued a “buy” rating and a $50.00 price target on the stock. Finally, Oppenheimer began coverage on Ichor in a report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 target price for the company. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.57.

Ichor Price Performance

Shares of NASDAQ ICHR opened at $32.54 on Tuesday. The stock’s 50-day simple moving average is $30.90 and its 200-day simple moving average is $32.66. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 3.64. The firm has a market capitalization of $1.10 billion, a PE ratio of -34.99 and a beta of 1.93. Ichor Holdings, Ltd. has a fifty-two week low of $26.40 and a fifty-two week high of $46.43.

Ichor (NASDAQ:ICHR) last issued its earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The business had revenue of $211.14 million during the quarter, compared to analysts’ expectations of $203.24 million. During the same quarter in the prior year, the business posted ($0.09) EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities research analysts forecast that Ichor Holdings, Ltd. will post -0.1 EPS 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.