Royce & Associates LP Acquires 123,585 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Royce & Associates LP increased its holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 20.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 718,967 shares of the technology company’s stock after purchasing an additional 123,585 shares during the period. Royce & Associates LP’s holdings in Ichor were worth $22,870,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Ichor by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 2,841,622 shares of the technology company’s stock valued at $109,743,000 after purchasing an additional 176,970 shares during the period. Epoch Investment Partners Inc. boosted its holdings in Ichor by 33.0% in the 1st quarter. Epoch Investment Partners Inc. now owns 265,246 shares of the technology company’s stock valued at $10,244,000 after purchasing an additional 65,862 shares during the period. Swedbank AB bought a new position in Ichor in the 1st quarter valued at $67,106,000. Westfield Capital Management Co. LP boosted its holdings in Ichor by 162.9% in the 1st quarter. Westfield Capital Management Co. LP now owns 335,867 shares of the technology company’s stock valued at $12,971,000 after purchasing an additional 208,117 shares during the period. Finally, First Eagle Investment Management LLC boosted its holdings in Ichor by 5.6% in the 2nd quarter. First Eagle Investment Management LLC now owns 373,948 shares of the technology company’s stock valued at $14,416,000 after purchasing an additional 19,850 shares during the period. 94.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on ICHR shares. B. Riley reissued a “buy” rating and issued a $38.00 price target (up from $36.00) on shares of Ichor in a report on Tuesday, November 5th. Needham & Company LLC cut their price target on shares of Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Oppenheimer initiated coverage on shares of Ichor in a report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 price objective for the company. DA Davidson initiated coverage on shares of Ichor in a report on Thursday, September 26th. They set a “buy” rating and a $50.00 price objective for the company. Finally, TD Cowen lifted their price objective on shares of Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.57.

Ichor Price Performance

Shares of NASDAQ:ICHR opened at $30.22 on Friday. The stock has a market cap of $1.02 billion, a PE ratio of -32.49 and a beta of 1.91. The company’s fifty day moving average is $29.31 and its 200 day moving average is $33.57. Ichor Holdings, Ltd. has a 52 week low of $24.82 and a 52 week high of $46.43. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18.

Ichor (NASDAQ:ICHR) last issued its earnings results on Monday, November 4th. The technology company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $211.14 million for the quarter, compared to analysts’ expectations of $203.24 million. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.09) EPS. Research analysts anticipate that Ichor Holdings, Ltd. will post -0.1 earnings per share for the current year.

Ichor Profile

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.