Texas Permanent School Fund Corp Sells 3,731 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Texas Permanent School Fund Corp reduced its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 14.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,030 shares of the technology company’s stock after selling 3,731 shares during the quarter. Texas Permanent School Fund Corp owned about 0.07% of Ichor worth $849,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Swedbank AB acquired a new position in Ichor during the first quarter valued at approximately $67,106,000. Hood River Capital Management LLC bought a new position in shares of Ichor during the first quarter worth $36,971,000. Westfield Capital Management Co. LP grew its holdings in shares of 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 buying an additional 208,117 shares during the period. Vanguard Group Inc. grew its holdings in shares of 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 buying an additional 176,970 shares during the period. Finally, S Squared Technology LLC bought a new stake in shares of Ichor in the 4th quarter valued at $5,525,000. 94.81% of the stock is owned by institutional investors.

Ichor Stock Performance

ICHR opened at $27.49 on Friday. The company has a market capitalization of $920.23 million, a price-to-earnings ratio of -15.53 and a beta of 1.91. The business’s 50-day moving average price is $31.23 and its two-hundred day moving average price is $36.03. Ichor Holdings, Ltd. has a 1 year low of $22.26 and a 1 year high of $46.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.27 and a quick ratio of 1.91.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Tuesday, August 6th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. The business had revenue of $203.23 million during the quarter, compared to the consensus estimate of $197.75 million. Ichor had a negative return on equity of 2.56% and a negative net margin of 4.53%. Equities analysts expect that Ichor Holdings, Ltd. will post -0.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ICHR shares. StockNews.com upgraded Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Needham & Company LLC cut their price objective on Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, TD Cowen lowered their target price on Ichor from $48.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Ichor presently has an average rating of “Moderate Buy” and an average target price of $43.60.

About Ichor

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.