American Century Companies Inc. trimmed its stake in Ichor Holdings, Ltd. (NASDAQ:ICHR – Get Rating) by 0.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 534,807 shares of the technology company's stock after selling 2,894 shares during the quarter. American Century Companies Inc.'s holdings in Ichor were worth $19,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in ICHR. Vaughan Nelson Investment Management L.P. raised its position in Ichor by 7.2% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 609,670 shares of the technology company's stock valued at $21,716,000 after acquiring an additional 41,170 shares in the last quarter. Royce & Associates LP raised its position in Ichor by 10.2% during the first quarter. Royce & Associates LP now owns 607,999 shares of the technology company's stock valued at $21,657,000 after acquiring an additional 56,300 shares in the last quarter. Pinnacle Associates Ltd. raised its position in Ichor by 1,341.5% during the first quarter. Pinnacle Associates Ltd. now owns 371,679 shares of the technology company's stock valued at $13,239,000 after acquiring an additional 345,894 shares in the last quarter. Allianz Asset Management GmbH raised its position in Ichor by 5.6% during the fourth quarter. Allianz Asset Management GmbH now owns 309,839 shares of the technology company's stock valued at $14,263,000 after acquiring an additional 16,500 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Ichor by 5.1% during the first quarter. Victory Capital Management Inc. now owns 262,524 shares of the technology company's stock valued at $9,232,000 after acquiring an additional 12,841 shares in the last quarter. 86.16% of the stock is owned by hedge funds and other institutional investors.
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Wall Street Analyst Weigh In
Several brokerages have recently issued reports on ICHR. B. Riley downgraded shares of Ichor from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $37.00 to $30.00 in a research note on Wednesday, June 15th. TheStreet downgraded shares of Ichor from a "b-" rating to a "c+" rating in a research note on Tuesday, May 10th. Cowen reduced their target price on shares of Ichor to $36.00 in a research note on Monday, August 15th. StockNews.com upgraded shares of Ichor from a "sell" rating to a "hold" rating in a research note on Thursday, August 11th. Finally, DA Davidson reduced their target price on shares of Ichor from $75.00 to $60.00 and set a "buy" rating on the stock in a research note on Wednesday, May 11th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $43.80.
Ichor Stock Performance
Ichor stock opened at $31.24 on Wednesday. The stock has a 50-day simple moving average of $29.96 and a 200 day simple moving average of $31.06. The company has a quick ratio of 1.06, a current ratio of 2.52 and a debt-to-equity ratio of 0.55. Ichor Holdings, Ltd. has a 12-month low of $21.08 and a 12-month high of $51.98. The stock has a market capitalization of $897.84 million, a price-to-earnings ratio of 14.40 and a beta of 2.07.
Ichor (NASDAQ:ICHR – Get Rating) last released its quarterly earnings results on Tuesday, August 9th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.26. Ichor had a return on equity of 17.33% and a net margin of 5.37%. The business had revenue of $329.56 million during the quarter, compared to analysts' expectations of $310.14 million. During the same period in the previous year, the business posted $0.85 earnings per share. The firm's revenue for the quarter was up 16.7% compared to the same quarter last year. On average, research analysts anticipate that Ichor Holdings, Ltd. will post 3.32 earnings per share for the current fiscal year.
Ichor Profile
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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 systems and 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 chemical-mechanical planarization, electroplating, and cleaning.
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