Ichor Holdings, Ltd. (NASDAQ:ICHR) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 795,794 shares of the technology company’s stock after purchasing an additional 27,540 shares during the period. Geode Capital Management LLC’s holdings in Ichor were worth $25,319,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Quarry LP increased its holdings in shares of Ichor by 99.5% during the 2nd quarter. Quarry LP now owns 868 shares of the technology company’s stock worth $33,000 after buying an additional 433 shares during the last quarter. Amalgamated Bank grew its position in Ichor by 6.1% during the second quarter. Amalgamated Bank now owns 10,025 shares of the technology company’s stock valued at $386,000 after acquiring an additional 577 shares during the period. GAMMA Investing LLC increased its stake in Ichor by 136.2% during the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock worth $34,000 after acquiring an additional 625 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Ichor by 214.6% in 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 period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Ichor by 28.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock valued at $153,000 after purchasing an additional 1,068 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ICHR shares. B. Riley reissued 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. Oppenheimer started coverage on shares of Ichor in a research report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price objective for the company. TD Cowen lifted their target price on shares of Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, DA Davidson initiated coverage on shares of Ichor in a research report on Thursday, September 26th. They set a “buy” rating and a $50.00 price target for the company. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.57.

Ichor Trading Down 1.6 %

ICHR opened at $31.37 on Friday. The firm has a market capitalization of $1.06 billion, a P/E ratio of -33.73 and a beta of 1.93. The firm’s 50 day moving average is $31.27 and its 200-day moving average is $32.27. 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 Holdings, Ltd. has a 52-week low of $26.40 and a 52-week high of $46.43.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $211.14 million for the quarter, compared to the consensus estimate of $203.24 million. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.09) EPS. Analysts expect that Ichor Holdings, Ltd. will post -0.1 EPS for the current fiscal year.

Ichor Company 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.