Argent Capital Management LLC Takes Position in Ichor Holdings, Ltd. (ICHR)

Argent Capital Management LLC bought a new stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 99,330 shares of the technology company’s stock, valued at approximately $2,662,000. Argent Capital Management LLC owned about 0.39% of Ichor at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Hancock Holding Co. raised its position in Ichor by 1.2% in the 2nd quarter. Hancock Holding Co. now owns 10,326 shares of the technology company’s stock worth $208,000 after purchasing an additional 126 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in Ichor by 8.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 15,350 shares of the technology company’s stock worth $309,000 after purchasing an additional 1,231 shares during the last quarter. Cadence Capital Management LLC raised its position in Ichor by 5.1% in the 3rd quarter. Cadence Capital Management LLC now owns 52,489 shares of the technology company’s stock worth $1,407,000 after purchasing an additional 2,539 shares during the last quarter. Royal Bank of Canada raised its position in Ichor by 38.2% in the 2nd quarter. Royal Bank of Canada now owns 9,400 shares of the technology company’s stock worth $189,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Ichor by 22.6% in the 3rd quarter. Rhumbline Advisers now owns 14,502 shares of the technology company’s stock worth $389,000 after purchasing an additional 2,675 shares during the last quarter. Institutional investors own 75.49% of the company’s stock.

Several research firms recently weighed in on ICHR. Royal Bank of Canada restated a “buy” rating and issued a $37.00 price objective on shares of Ichor in a research report on Friday, October 20th. Cowen upped their target price on shares of Ichor from $27.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, October 18th. Needham & Company LLC upped their target price on shares of Ichor from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Zacks Investment Research upgraded shares of Ichor from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Thursday, October 12th. Finally, Deutsche Bank reiterated a “buy” rating and set a $32.00 target price (up previously from $26.00) on shares of Ichor in a research report on Tuesday, October 10th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $35.17.

Shares of Ichor Holdings, Ltd. (ICHR) opened at $23.64 on Wednesday. The company has a market cap of $628.72 and a price-to-earnings ratio of 11.17. Ichor Holdings, Ltd. has a 1 year low of $10.05 and a 1 year high of $35.51. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Thursday, November 9th. The technology company reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62. Ichor had a net margin of 7.43% and a return on equity of 32.99%. The company had revenue of $164.50 million during the quarter, compared to analyst estimates 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 forecast that Ichor Holdings, Ltd. will post 2.4 earnings per share for the current fiscal year.

In other news, Director Iain Mackenzie sold 11,690 shares of the business’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $26.72, for a total value of $312,356.80. Following the completion of the transaction, the director now owns 11,690 shares of the company’s stock, valued at approximately $312,356.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dipanjan Deb sold 6,287 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $30.12, for a total transaction of $189,364.44. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $602,400. The disclosure for this sale can be found here. Insiders sold a total of 240,974 shares of company stock valued at $6,653,367 in the last three months. 5.80% of the stock is owned by company insiders.

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Ichor Profile

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.

Institutional Ownership by Quarter for Ichor (NASDAQ:ICHR)

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