Ichor Holdings Ltd (ICHR) Stake Lowered by Hodges Capital Management Inc.

Hodges Capital Management Inc. trimmed its position in shares of Ichor Holdings Ltd (NASDAQ:ICHR) by 39.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,490 shares of the technology company’s stock after selling 20,000 shares during the period. Hodges Capital Management Inc. owned 0.13% of Ichor worth $623,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ICHR. Schwab Charles Investment Management Inc. raised its position in shares of Ichor by 9.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 85,743 shares of the technology company’s stock valued at $2,076,000 after purchasing an additional 7,675 shares during the period. Northern Trust Corp raised its position in shares of Ichor by 3.8% during the 1st quarter. Northern Trust Corp now owns 219,145 shares of the technology company’s stock valued at $5,305,000 after purchasing an additional 8,018 shares during the period. BlackRock Inc. raised its position in shares of Ichor by 2.6% during the 1st quarter. BlackRock Inc. now owns 1,187,417 shares of the technology company’s stock valued at $28,749,000 after purchasing an additional 29,854 shares during the period. JPMorgan Chase & Co. raised its position in shares of Ichor by 70.6% during the 1st quarter. JPMorgan Chase & Co. now owns 186,800 shares of the technology company’s stock valued at $4,522,000 after purchasing an additional 77,325 shares during the period. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Ichor during the 1st quarter valued at $13,817,000. Hedge funds and other institutional investors own 84.94% of the company’s stock.

In related news, CFO Jeff Andreson purchased 5,200 shares of Ichor stock in a transaction on Monday, August 27th. The shares were bought at an average cost of $24.22 per share, for a total transaction of $125,944.00. Following the acquisition, the chief financial officer now owns 10,000 shares in the company, valued at approximately $242,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.20% of the company’s stock.

Shares of NASDAQ ICHR opened at $17.00 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.00 and a current ratio of 2.10. The firm has a market capitalization of $395.59 million, a price-to-earnings ratio of 7.05 and a beta of 5.10. Ichor Holdings Ltd has a 52-week low of $15.21 and a 52-week high of $34.78.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Tuesday, August 7th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.27. The company had revenue of $248.97 million for the quarter, compared to the consensus estimate of $236.39 million. Ichor had a net margin of 8.60% and a return on equity of 38.00%. On average, equities analysts forecast that Ichor Holdings Ltd will post 2.99 earnings per share for the current year.

Several brokerages have recently commented on ICHR. ValuEngine downgraded shares of Ichor from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Cowen set a $32.00 price target on shares of Ichor and gave the company an “outperform” rating in a report on Wednesday, August 8th. Royal Bank of Canada reduced their price target on shares of Ichor from $40.00 to $33.00 and set a “$20.46” rating on the stock in a report on Wednesday, July 18th. BidaskClub upgraded shares of Ichor from a “sell” rating to a “hold” rating in a report on Tuesday, July 10th. Finally, Stifel Nicolaus set a $41.00 price target on shares of Ichor and gave the company a “buy” rating in a report on Tuesday, October 23rd. Three investment analysts have rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Ichor presently has a consensus rating of “Hold” and an average target price of $34.83.

About Ichor

Ichor Holdings Ltd. engages in the design, engineering, and manufacturing of fluid delivery subsystems for semiconductor capital equipment. It offers gas and chemical delivery systems and manufactures components for internal use in fluid delivery systems and for direct sales of the customers. The gas delivery subsystems deliver, monitor, and control precise quantities of the specialized gases used in semiconductor manufacturing processes such as etch and deposition.

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Institutional Ownership by Quarter for Ichor (NASDAQ:ICHR)

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