Landscape Capital Management L.L.C. 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 38,448 shares of the technology company’s stock, valued at approximately $946,000. Landscape Capital Management L.L.C. owned 0.15% of Ichor at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in ICHR. Victory Capital Management Inc. raised its position in Ichor by 3.4% in the fourth quarter. Victory Capital Management Inc. now owns 59,938 shares of the technology company’s stock worth $1,475,000 after acquiring an additional 1,983 shares in the last quarter. Cadence Capital Management LLC grew its stake in Ichor by 5.1% during the 3rd quarter. Cadence Capital Management LLC now owns 52,489 shares of the technology company’s stock valued at $1,407,000 after acquiring an additional 2,539 shares in the last quarter. Royal Bank of Canada grew its stake in Ichor by 38.2% during the 2nd quarter. Royal Bank of Canada now owns 9,400 shares of the technology company’s stock valued at $189,000 after acquiring an additional 2,600 shares in the last quarter. Rhumbline Advisers grew its stake in Ichor by 22.6% during the 3rd quarter. Rhumbline Advisers now owns 14,502 shares of the technology company’s stock valued at $389,000 after acquiring an additional 2,675 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Ichor during the 3rd quarter valued at about $107,000. Institutional investors and hedge funds own 71.56% of the company’s stock.
ICHR has been the subject of several recent research reports. Zacks Investment Research cut Ichor from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. ValuEngine upgraded Ichor from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Needham & Company LLC restated a “buy” rating and set a $42.00 price objective (up from $36.00) on shares of Ichor in a research report on Friday, January 19th. Deutsche Bank upped their price target on Ichor to $38.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, Stifel Nicolaus upped their price target on Ichor from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. One analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. Ichor currently has an average rating of “Buy” and an average target price of $38.33.
Ichor Holdings Ltd (NASDAQ:ICHR) traded down $1.71 during midday trading on Wednesday, hitting $27.17. The stock had a trading volume of 3,181,668 shares, compared to its average volume of 1,634,998. The firm has a market capitalization of $718.25 and a price-to-earnings ratio of 13.59. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 2.03. Ichor Holdings Ltd has a 52 week low of $16.82 and a 52 week high of $35.51.
Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.68 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.68. The business had revenue of $182.94 million during the quarter, compared to the consensus estimate of $183.06 million. Ichor had a return on equity of 35.84% and a net margin of 7.83%. analysts anticipate that Ichor Holdings Ltd will post 3.51 EPS for the current fiscal year.
In related news, insider Philip Ryan Sr. Barros sold 35,650 shares of Ichor 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeff Andreson acquired 4,800 shares of the company’s stock in a transaction on Thursday, March 8th. The stock was bought at an average cost of $27.53 per share, with a total value of $132,144.00. Following the completion of the acquisition, the chief financial officer now directly owns 4,800 shares in the company, valued at $132,144. The disclosure for this purchase can be found here. 5.80% of the stock is owned by company insiders.
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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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