New York State Common Retirement Fund cut its stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 92.3% in the third quarter, HoldingsChannel reports. The firm owned 12,500 shares of the technology company’s stock after selling 149,815 shares during the quarter. New York State Common Retirement Fund’s holdings in Ichor were worth $335,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Paradigm Capital Management Inc. NY grew its position in shares of Ichor by 2,598.2% in the second quarter. Paradigm Capital Management Inc. NY now owns 906,600 shares of the technology company’s stock valued at $18,277,000 after purchasing an additional 873,000 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Ichor by 274.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 44,891 shares of the technology company’s stock valued at $906,000 after purchasing an additional 32,905 shares in the last quarter. State Street Corp grew its position in shares of Ichor by 285.2% in the second quarter. State Street Corp now owns 172,972 shares of the technology company’s stock valued at $3,485,000 after purchasing an additional 128,072 shares in the last quarter. Foundry Partners LLC purchased a new stake in shares of Ichor in the third quarter valued at approximately $7,822,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Ichor by 107.9% in the second quarter. Goldman Sachs Group Inc. now owns 30,822 shares of the technology company’s stock valued at $621,000 after purchasing an additional 15,995 shares in the last quarter. Institutional investors and hedge funds own 75.43% of the company’s stock.
Ichor Holdings, Ltd. (ICHR) opened at $27.50 on Monday. Ichor Holdings, Ltd. has a twelve month low of $12.72 and a twelve month high of $35.51. The company has a market capitalization of $703.69 and a P/E ratio of 6.58. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.03 and a quick ratio of 0.99.
Ichor (NASDAQ:ICHR) last released its quarterly earnings data on Thursday, November 9th. The technology company reported $0.62 EPS for the quarter, meeting analysts’ consensus estimates of $0.62. Ichor had a return on equity of 32.99% and a net margin of 7.43%. The firm had revenue of $164.50 million for the quarter, compared to analysts’ expectations of $165.16 million. Ichor’s quarterly revenue was up 55.6% compared to the same quarter last year. equities analysts anticipate that Ichor Holdings, Ltd. will post 2.4 EPS for the current fiscal year.
In other Ichor news, Director Dipanjan Deb sold 6,287 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $30.12, for a total transaction of $189,364.44. Following the transaction, the director now directly owns 20,000 shares in the company, valued at $602,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Philip Ryan Sr. Barros sold 35,650 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $26.37, for a total value of $940,090.50. Following the transaction, the insider now owns 32,090 shares in the company, valued at $846,213.30. The disclosure for this sale can be found here. Insiders sold 207,304 shares of company stock worth $5,735,791 over the last quarter. 5.80% of the stock is currently owned by insiders.
A number of equities research analysts have recently issued reports on ICHR shares. Needham & Company LLC upped their price target on Ichor from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Deutsche Bank reiterated a “buy” rating and issued a $32.00 price objective (up from $26.00) on shares of Ichor in a report on Tuesday, October 10th. Cowen reiterated an “outperform” rating and issued a $40.00 price objective (up from $38.00) on shares of Ichor in a report on Friday, November 10th. Royal Bank of Canada reiterated a “buy” rating and issued a $37.00 price objective on shares of Ichor in a report on Friday, October 20th. Finally, Zacks Investment Research upgraded Ichor from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Thursday, October 12th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $34.17.
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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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