D.A. Davidson & CO. grew its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR – Get Rating) by 95.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,511 shares of the technology company's stock after purchasing an additional 6,106 shares during the quarter. D.A. Davidson & CO.'s holdings in Ichor were worth $446,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in ICHR. Advisor Group Holdings Inc. raised its position in shares of Ichor by 86.1% in the 4th quarter. Advisor Group Holdings Inc. now owns 5,959 shares of the technology company's stock worth $276,000 after buying an additional 2,757 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Ichor by 311.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 22,828 shares of the technology company's stock worth $1,051,000 after buying an additional 17,285 shares during the period. ProShare Advisors LLC purchased a new position in shares of Ichor in the 4th quarter worth $323,000. Swiss National Bank raised its position in shares of Ichor by 0.6% in the 4th quarter. Swiss National Bank now owns 62,400 shares of the technology company's stock worth $2,872,000 after buying an additional 400 shares during the period. Finally, Raymond James & Associates increased its holdings in Ichor by 31.8% in the 4th quarter. Raymond James & Associates now owns 38,968 shares of the technology company's stock valued at $1,794,000 after purchasing an additional 9,411 shares in the last quarter. 86.16% of the stock is owned by hedge funds and other institutional investors.Get Ichor alerts:
Analysts Set New Price Targets
ICHR has been the subject of several recent research reports. Cowen lowered their price target on Ichor to $36.00 in a report on Monday, August 15th. DA Davidson lowered their price target on Ichor from $75.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, May 11th. Cowen lowered their price target on Ichor from $50.00 to $41.00 in a report on Wednesday, May 11th. TheStreet downgraded Ichor from a "b-" rating to a "c+" rating in a report on Tuesday, May 10th. Finally, B. Riley downgraded Ichor from a "buy" rating to a "neutral" rating and lowered their price target for the company from $37.00 to $30.00 in a report on Wednesday, June 15th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.80.
Ichor Stock Down 1.7 %Shares of Ichor stock opened at $28.18 on Wednesday. The company has a market capitalization of $809.89 million, a PE ratio of 12.99 and a beta of 2.04. Ichor Holdings, Ltd. has a 1-year low of $21.08 and a 1-year high of $51.98. The business has a 50-day moving average of $30.04 and a 200-day moving average of $31.06. 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 $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.16. The business had revenue of $329.56 million during the quarter, compared to the consensus estimate of $310.14 million. Ichor had a return on equity of 17.33% and a net margin of 5.37%. The company's revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period last year, the firm earned $0.85 earnings per share. As a group, equities analysts forecast that Ichor Holdings, Ltd. will post 3.32 EPS for the current fiscal year.
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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