Handelsbanken Fonder AB trimmed its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR – Get Rating) by 29.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,000 shares of the technology company's stock after selling 3,400 shares during the quarter. Handelsbanken Fonder AB's holdings in Ichor were worth $285,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Prospera Financial Services Inc acquired a new position in shares of Ichor during the 1st quarter worth approximately $25,000. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Ichor by 100.4% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,301 shares of the technology company's stock worth $152,000 after purchasing an additional 1,654 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Ichor during the first quarter worth approximately $162,000. Fox Run Management L.L.C. purchased a new stake in shares of Ichor during the fourth quarter worth approximately $223,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Ichor during the fourth quarter worth approximately $248,000. 86.16% of the stock is owned by institutional investors and hedge funds.
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Ichor Stock Performance
NASDAQ ICHR opened at $28.67 on Friday. The stock has a market cap of $823.98 million, a PE ratio of 13.21 and a beta of 2.07. The company has a current ratio of 2.52, a quick ratio of 1.06 and a debt-to-equity ratio of 0.55. Ichor Holdings, Ltd. has a twelve month low of $21.08 and a twelve month high of $51.98. The stock has a fifty day simple moving average of $30.04 and a 200-day simple moving average of $31.06.
Ichor (NASDAQ:ICHR – Get Rating) last posted its earnings results on Tuesday, August 9th. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.26. Ichor had a return on equity of 17.33% and a net
margin of 5.37%. The firm had revenue of $329.56 million for the quarter, compared to analyst estimates of $310.14 million. During the same quarter in the prior year, the company earned $0.85 EPS. Ichor's revenue was up 16.7% on a year-over-year basis. Equities analysts anticipate that Ichor Holdings, Ltd. will post 3.32 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on ICHR. DA Davidson dropped their price target on Ichor from $75.00 to $60.00 and set a "buy" rating for the company in a research report on Wednesday, May 11th. B. Riley cut Ichor from a "buy" rating to a "neutral" rating and dropped their target price for the company from $37.00 to $30.00 in a report on Wednesday, June 15th. Cowen dropped their target price on Ichor from $50.00 to $41.00 in a report on Wednesday, May 11th. Cowen dropped their target price on Ichor to $36.00 in a report on Monday, August 15th. Finally, TheStreet cut Ichor from a "b-" rating to a "c+" rating in a report on Tuesday, May 10th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Ichor currently has an average rating of "Moderate Buy" and a consensus target price of $43.80.
Ichor Company 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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