Wasatch Advisors Inc. Invests $3.50 Million in Ichor Holdings (ICHR) Stock

Wasatch Advisors Inc. purchased a new stake in shares of Ichor Holdings (NASDAQ:ICHR) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 144,558 shares of the technology company’s stock, valued at approximately $3,500,000.

A number of other hedge funds also recently made changes to their positions in the stock. Victory Capital Management Inc. raised its position in Ichor by 3.4% during the fourth quarter. Victory Capital Management Inc. now owns 59,938 shares of the technology company’s stock valued at $1,475,000 after acquiring an additional 1,983 shares in the last quarter. Cadence Capital Management LLC raised its position in Ichor by 7.7% during the fourth quarter. Cadence Capital Management LLC now owns 56,545 shares of the technology company’s stock valued at $1,391,000 after acquiring an additional 4,056 shares in the last quarter. Hershey Trust Co. purchased a new position in Ichor during the fourth quarter valued at approximately $111,000. Bank of New York Mellon Corp raised its position in Ichor by 6.2% during the fourth quarter. Bank of New York Mellon Corp now owns 101,482 shares of the technology company’s stock valued at $2,497,000 after acquiring an additional 5,967 shares in the last quarter. Finally, Toronto Dominion Bank purchased a new position in Ichor during the fourth quarter valued at approximately $197,000. Institutional investors own 73.47% of the company’s stock.

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Ichor stock opened at $23.74 on Friday. The company has a market capitalization of $583.66, a PE ratio of 9.85 and a beta of 5.04. Ichor Holdings has a 12 month low of $17.76 and a 12 month high of $35.51. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.89 and a quick ratio of 0.84.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.68 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.68. The business had revenue of $182.94 million during the quarter, compared to analysts’ expectations of $183.06 million. Ichor had a return on equity of 33.93% and a net margin of 7.83%. equities analysts predict that Ichor Holdings will post 3.56 EPS for the current fiscal year.

In related news, insider Philip Ryan Sr. Barros sold 35,650 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $25.47, for a total transaction of $908,005.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Iain Mackenzie sold 4,680 shares of the business’s stock in a transaction that occurred on Monday, April 9th. The stock was sold at an average price of $24.29, for a total value of $113,677.20. Following the sale, the director now owns 4,680 shares of the company’s stock, valued at $113,677.20. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

A number of research firms have recently commented on ICHR. Zacks Investment Research upgraded Ichor from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Tuesday, January 23rd. Needham & Company LLC restated a “buy” rating and issued a $42.00 price objective (up from $36.00) on shares of Ichor in a research report on Friday, January 19th. Deutsche Bank boosted their price objective on Ichor to $38.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. ValuEngine upgraded Ichor from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus boosted their price objective on Ichor from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Ichor currently has an average rating of “Buy” and a consensus price target of $38.33.

About Ichor

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

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Institutional Ownership by Quarter for Ichor (NASDAQ:ICHR)