Hodges Capital Management Inc. acquired a new position in shares of Ichor Holdings Ltd (NASDAQ:ICHR) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 40,000 shares of the technology company’s stock, valued at approximately $984,000.
Several other hedge funds also recently made changes to their positions in ICHR. Engineers Gate Manager LP acquired a new stake in Ichor during the 3rd quarter worth approximately $1,288,000. Stifel Financial Corp acquired a new stake in Ichor during the 3rd quarter worth approximately $639,000. Schwab Charles Investment Management Inc. increased its position in Ichor by 274.5% during the 2nd 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 in the last quarter. State Street Corp increased its position in Ichor by 285.2% during the 2nd quarter. State Street Corp now owns 172,972 shares of the technology company’s stock worth $3,485,000 after purchasing an additional 128,072 shares in the last quarter. Finally, Foundry Partners LLC acquired a new stake in Ichor during the 3rd quarter worth approximately $7,822,000. Institutional investors and hedge funds own 76.28% of the company’s stock.
In other Ichor news, Director Iain Mackenzie sold 4,690 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $26.10, for a total value of $122,409.00. Following the completion of the sale, the director now owns 4,690 shares of the company’s stock, valued at $122,409. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Thomas M. Rohrs sold 130,767 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $27.85, for a total transaction of $3,641,860.95. Following the sale, the chief executive officer now directly owns 173,090 shares of the company’s stock, valued at approximately $4,820,556.50. The disclosure for this sale can be found here. Insiders sold 194,694 shares of company stock valued at $5,350,099 in the last ninety days. 5.80% of the stock is owned by corporate insiders.
Ichor (NASDAQ:ICHR) last issued its quarterly earnings data on Thursday, November 9th. The technology company reported $0.62 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.62. Ichor had a net margin of 7.83% and a return on equity of 35.84%. The company had revenue of $164.50 million during the quarter, compared to the consensus estimate of $165.16 million. The business’s revenue for the quarter was up 55.6% compared to the same quarter last year. equities research analysts forecast that Ichor Holdings Ltd will post 3.48 EPS for the current fiscal year.
A number of analysts recently issued reports on the stock. BidaskClub downgraded shares of Ichor from a “hold” rating to a “sell” rating in a research report on Saturday. Stifel Nicolaus increased their target price on shares of Ichor from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday. ValuEngine raised shares of Ichor from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of Ichor from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Tuesday, January 23rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $42.00 target price (up previously from $36.00) on shares of Ichor in a research report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $38.33.
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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