Texas Permanent School Fund lowered its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR – Get Rating) by 2.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,141 shares of the technology company's stock after selling 432 shares during the quarter. Texas Permanent School Fund owned approximately 0.07% of Ichor worth $717,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Paradigm Capital Management Inc. NY boosted its position in Ichor by 20.6% during the fourth quarter. Paradigm Capital Management Inc. NY now owns 674,232 shares of the technology company's stock worth $31,034,000 after purchasing an additional 115,232 shares during the period. Vaughan Nelson Investment Management L.P. boosted 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 worth $21,716,000 after purchasing an additional 41,170 shares during the period. Royce & Associates LP boosted 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 worth $21,657,000 after purchasing an additional 56,300 shares during the period. American Century Companies Inc. boosted its position in Ichor by 45.1% during the fourth quarter. American Century Companies Inc. now owns 537,701 shares of the technology company's stock worth $24,750,000 after purchasing an additional 167,103 shares during the period. Finally, Pinnacle Associates Ltd. boosted 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 worth $13,239,000 after purchasing an additional 345,894 shares during the period. Institutional investors own 86.95% of the company's stock.Get Ichor alerts:
Ichor Trading Down 3.4 %
Shares of ICHR opened at $35.47 on Thursday. The company has a market capitalization of $1.02 billion, a P/E ratio of 16.35 and a beta of 2.07. Ichor Holdings, Ltd. has a 1-year low of $21.08 and a 1-year high of $51.98. The firm's 50 day simple moving average is $28.71 and its 200 day simple moving average is $31.60. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.52 and a quick ratio of 1.06.Ichor (NASDAQ:ICHR – Get Rating) last posted its quarterly earnings results on Tuesday, August 9th. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.72 by $0.26. The firm had revenue of $329.56 million for the quarter, compared to the consensus estimate of $310.14 million. Ichor had a net margin of 5.37% and a return on equity of 17.33%. The business's revenue was up 16.7% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. Sell-side analysts forecast that Ichor Holdings, Ltd. will post 3.29 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Ichor news, CTO Philip Ryan Sr. Barros sold 12,249 shares of Ichor stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $26.85, for a total transaction of $328,885.65. Following the transaction, the chief technology officer now directly owns 61,090 shares of the company's stock, valued at $1,640,266.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.80% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on ICHR shares. Cowen cut their target price on shares of Ichor to $36.00 in a research report on Monday. Cowen cut their price objective on shares of Ichor from $50.00 to $41.00 in a research report on Wednesday, May 11th. B. Riley lowered shares of Ichor from a "buy" rating to a "neutral" rating and cut their price objective for the company from $37.00 to $30.00 in a research report on Wednesday, June 15th. TheStreet lowered shares of Ichor from a "b-" rating to a "c+" rating in a research report on Tuesday, May 10th. Finally, DA Davidson cut their price objective on shares of Ichor from $75.00 to $60.00 and set a "buy" rating for the company in a research report on Wednesday, May 11th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Ichor currently has an average rating of "Moderate Buy" and an average price target of $43.80.
Ichor Company Profile
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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