Neuberger Berman Group LLC increased its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 13.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,203,503 shares of the technology company’s stock after purchasing an additional 142,668 shares during the period. Neuberger Berman Group LLC owned approximately 4.71% of Ichor worth $32,254,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Paradigm Capital Management Inc. NY grew its stake in Ichor by 2,598.2% during the second quarter. Paradigm Capital Management Inc. NY now owns 906,600 shares of the technology company’s stock worth $18,277,000 after purchasing an additional 873,000 shares during the period. Engineers Gate Manager LP acquired a new stake in Ichor during the third quarter worth approximately $1,288,000. Schwab Charles Investment Management Inc. grew its stake in Ichor by 274.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 44,891 shares of the technology company’s stock worth $906,000 after purchasing an additional 32,905 shares during the period. Foundry Partners LLC acquired a new stake in Ichor in the third quarter valued at approximately $7,822,000. Finally, Goldman Sachs Group Inc. grew its stake in Ichor by 107.9% in the second quarter. Goldman Sachs Group Inc. now owns 30,822 shares of the technology company’s stock valued at $621,000 after acquiring an additional 15,995 shares during the period. 75.43% of the stock is owned by institutional investors and hedge funds.
ICHR has been the subject of a number of research reports. Needham & Company LLC raised their price objective on Ichor from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Deutsche Bank reissued a “buy” rating and issued a $32.00 price objective (up previously from $26.00) on shares of Ichor in a research note on Tuesday, October 10th. Cowen reissued an “outperform” rating and issued a $40.00 price objective (up previously from $38.00) on shares of Ichor in a research note on Friday, November 10th. Royal Bank of Canada reissued a “buy” rating and issued a $37.00 price objective on shares of Ichor in a research note on Friday, October 20th. Finally, Zacks Investment Research raised Ichor from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Thursday, October 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $35.17.
Ichor (NASDAQ:ICHR) last announced its quarterly earnings data on Thursday, November 9th. The technology company reported $0.62 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.62. Ichor had a return on equity of 32.99% and a net margin of 7.43%. The firm had revenue of $164.50 million during the quarter, compared to analysts’ expectations of $165.16 million. The company’s revenue for the quarter was up 55.6% compared to the same quarter last year. equities research analysts expect that Ichor Holdings, Ltd. will post 2.4 EPS for the current fiscal year.
In related news, Director Dipanjan Deb sold 6,287 shares of Ichor stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $30.12, for a total transaction of $189,364.44. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at $602,400. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Philip Ryan Sr. Barros sold 35,650 shares of Ichor stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $26.37, for a total value of $940,090.50. Following the transaction, the insider now directly owns 32,090 shares in the company, valued at approximately $846,213.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 240,974 shares of company stock worth $6,653,367. 5.80% of the stock is owned by insiders.
Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices.
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