Quantum Capital Management lessened its position in Ichor Holdings Ltd (NASDAQ:ICHR) by 25.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 123,184 shares of the technology company’s stock after selling 41,764 shares during the period. Ichor makes up 1.5% of Quantum Capital Management’s investment portfolio, making the stock its 15th largest holding. Quantum Capital Management owned 0.55% of Ichor worth $2,979,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. raised its position in Ichor by 5.5% during the second quarter. BlackRock Inc. now owns 3,453,464 shares of the technology company’s stock worth $81,639,000 after acquiring an additional 180,814 shares during the last quarter. State Street Corp grew its holdings in shares of Ichor by 0.6% during the third quarter. State Street Corp now owns 655,066 shares of the technology company’s stock worth $15,839,000 after buying an additional 3,727 shares in the last quarter. LSV Asset Management grew its holdings in shares of Ichor by 170.7% during the second quarter. LSV Asset Management now owns 513,858 shares of the technology company’s stock worth $12,147,000 after buying an additional 324,058 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Ichor by 83.7% during the second quarter. Wells Fargo & Company MN now owns 277,689 shares of the technology company’s stock worth $6,565,000 after buying an additional 126,508 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Ichor by 2.6% during the second quarter. Northern Trust Corp now owns 275,181 shares of the technology company’s stock worth $6,507,000 after buying an additional 6,922 shares in the last quarter. Hedge funds and other institutional investors own 85.69% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. Needham & Company LLC boosted their target price on shares of Ichor to $36.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Stifel Nicolaus set a $31.00 target price on shares of Ichor and gave the company a “buy” rating in a report on Wednesday, August 7th. Zacks Investment Research upgraded shares of Ichor from a “sell” rating to a “hold” rating and set a $35.00 target price for the company in a report on Friday, November 8th. Deutsche Bank set a $32.00 price objective on shares of Ichor and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, B. Riley upped their price target on shares of Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $33.13.
Ichor (NASDAQ:ICHR) last released its earnings results on Tuesday, November 5th. The technology company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.08. The firm had revenue of $154.46 million during the quarter, compared to analyst estimates of $149.96 million. Ichor had a net margin of 1.09% and a return on equity of 9.41%. The firm’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share. As a group, equities research analysts expect that Ichor Holdings Ltd will post 0.98 EPS for the current fiscal year.
In other news, CTO Philip Ryan Sr. Barros sold 15,338 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $23.18, for a total transaction of $355,534.84. Following the completion of the transaction, the chief technology officer now owns 56,475 shares in the company, valued at $1,309,090.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by corporate insiders.
Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising electroplating and cleaning.
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