Y Intercept Hong Kong Ltd Invests $207,000 in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Y Intercept Hong Kong Ltd acquired a new stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,504 shares of the technology company’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Millennium Management LLC bought a new stake in shares of Ichor in the 2nd quarter valued at about $6,382,000. Hood River Capital Management LLC boosted its holdings in Ichor by 15.8% in the second 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 last quarter. Renaissance Technologies LLC increased its position in Ichor by 322.6% during the 2nd quarter. Renaissance Technologies LLC now owns 164,400 shares of the technology company’s stock valued at $6,338,000 after purchasing an additional 125,500 shares during the period. Royce & Associates LP raised its holdings in Ichor by 20.8% during the 3rd 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. Finally, Segall Bryant & Hamill LLC lifted its position in shares of Ichor by 26.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 568,117 shares of the technology company’s stock worth $18,072,000 after purchasing an additional 120,133 shares during the period. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Ichor Stock Performance

Shares of ICHR opened at $29.92 on Friday. The stock has a 50-day moving average of $31.00 and a 200-day moving average of $32.54. Ichor Holdings, Ltd. has a one year low of $26.40 and a one year high of $46.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.64 and a quick ratio of 1.69. The company has a market cap of $1.01 billion, a PE ratio of -32.17 and a beta of 1.93.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 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 during the quarter, compared to analysts’ expectations of $203.24 million. During the same quarter last year, the firm posted ($0.09) earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities research analysts predict that Ichor Holdings, Ltd. will post -0.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Oppenheimer initiated coverage on shares of Ichor in a research report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 price objective for the company. B. Riley reiterated a “buy” rating and set a $38.00 price target (up from $36.00) on shares of Ichor in a report on Tuesday, November 5th. TD Cowen lifted their price objective on Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, DA Davidson initiated coverage on Ichor in a research report on Thursday, September 26th. They set a “buy” rating and a $50.00 target price on the stock. Two equities research 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’s stock. According to MarketBeat, Ichor has a consensus rating of “Moderate Buy” and a consensus target price of $42.57.

Ichor Profile

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.