Royce & Associates LP Purchases 123,585 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Royce & Associates LP boosted its position in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 20.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 718,967 shares of the technology company’s stock after acquiring an additional 123,585 shares during the quarter. Royce & Associates LP owned 2.13% of Ichor worth $22,870,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Texas Permanent School Fund Corp increased its stake in Ichor by 1.5% in the first quarter. Texas Permanent School Fund Corp now owns 25,761 shares of the technology company’s stock valued at $995,000 after acquiring an additional 381 shares during the last quarter. Quarry LP grew its stake in shares of Ichor by 99.5% during the second quarter. Quarry LP now owns 868 shares of the technology company’s stock worth $33,000 after buying an additional 433 shares during the last quarter. CWM LLC grew its stake in shares of Ichor by 50.5% during the second quarter. CWM LLC now owns 1,540 shares of the technology company’s stock worth $59,000 after buying an additional 517 shares during the last quarter. Amalgamated Bank grew its stake in shares of Ichor by 6.1% during the second quarter. Amalgamated Bank now owns 10,025 shares of the technology company’s stock worth $386,000 after buying an additional 577 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Ichor by 136.2% during the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock worth $34,000 after buying an additional 625 shares during the last quarter. 94.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ICHR has been the topic of a number of research reports. Oppenheimer initiated coverage on shares of Ichor in a research note on Wednesday, September 25th. They set a “market perform” rating and a $35.00 target price on the stock. B. Riley reiterated a “buy” rating and set a $38.00 price objective (up previously from $36.00) on shares of Ichor in a report on Tuesday, November 5th. StockNews.com upgraded shares of Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. TD Cowen upped their price objective on shares of Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, Needham & Company LLC dropped their price objective on shares of Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.57.

Ichor Trading Down 5.1 %

Shares of ICHR stock opened at $30.22 on Friday. Ichor Holdings, Ltd. has a 52-week low of $24.82 and a 52-week high of $46.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 3.64. The company has a 50-day simple moving average of $29.31 and a two-hundred day simple moving average of $33.57. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -32.49 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The business had revenue of $211.14 million during the quarter, compared to the consensus estimate of $203.24 million. During the same period in the prior year, the firm posted ($0.09) EPS. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. Research analysts anticipate that Ichor Holdings, Ltd. will post -0.1 EPS for the current fiscal year.

Ichor Company Profile

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.