Hood River Capital Management LLC Has $42.72 Million Stock Holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Hood River Capital Management LLC grew its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 15.8% in the second quarter, Holdings Channel reports. The institutional investor owned 1,108,227 shares of the technology company’s stock after acquiring an additional 150,933 shares during the period. Hood River Capital Management LLC’s holdings in Ichor were worth $42,722,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB acquired a new position in Ichor during the 1st quarter valued at about $67,106,000. Westfield Capital Management Co. LP lifted its position in shares of Ichor by 162.9% during the first 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 in the last quarter. Vanguard Group Inc. boosted its holdings in Ichor by 6.6% during the first quarter. Vanguard Group Inc. now owns 2,841,622 shares of the technology company’s stock worth $109,743,000 after purchasing an additional 176,970 shares during the last quarter. S Squared Technology LLC bought a new stake in Ichor in the 4th quarter worth about $5,525,000. Finally, Renaissance Technologies LLC increased its stake in Ichor by 322.6% in the 2nd quarter. Renaissance Technologies LLC now owns 164,400 shares of the technology company’s stock valued at $6,338,000 after buying an additional 125,500 shares during the last quarter. 94.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ICHR shares. StockNews.com upgraded Ichor from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. TD Cowen cut their target price on shares of Ichor from $48.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Finally, Needham & Company LLC lowered their price target on shares of Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ichor currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.60.

Ichor Stock Performance

Shares of ICHR opened at $27.49 on Monday. Ichor Holdings, Ltd. has a 52-week low of $22.26 and a 52-week high of $46.43. The stock’s 50-day simple moving average is $31.23 and its 200 day simple moving average is $35.93. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.91 and a current ratio of 4.27. The stock has a market capitalization of $920.23 million, a price-to-earnings ratio of -15.53 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results 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. Ichor had a negative net margin of 4.53% and a negative return on equity of 2.56%. The firm had revenue of $203.23 million for the quarter, compared to the consensus estimate of $197.75 million. Research analysts forecast that Ichor Holdings, Ltd. will post -0.22 EPS for the current fiscal 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.