Renaissance Technologies LLC Grows Stake in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Renaissance Technologies LLC increased its holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 322.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 164,400 shares of the technology company’s stock after buying an additional 125,500 shares during the period. Renaissance Technologies LLC’s holdings in Ichor were worth $6,338,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp bought a new position in Ichor in the 4th quarter worth about $41,000. CWM LLC grew its holdings in shares of Ichor by 50.5% during the second quarter. CWM LLC now owns 1,540 shares of the technology company’s stock worth $59,000 after purchasing an additional 517 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Ichor by 39.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the technology company’s stock worth $102,000 after purchasing an additional 854 shares during the last quarter. ProShare Advisors LLC purchased a new stake in Ichor in the first quarter valued at approximately $225,000. Finally, Summit Global Investments bought a new stake in Ichor during the second quarter valued at approximately $246,000. Institutional investors own 94.81% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on ICHR shares. Needham & Company LLC decreased their price target on shares of Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. TD Cowen lowered their price target on Ichor from $48.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. StockNews.com raised Ichor from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. DA Davidson started coverage on Ichor in a research report on Thursday. They set a “buy” rating and a $50.00 price objective on the stock. Finally, Oppenheimer initiated coverage on Ichor in a research note on Wednesday. They issued a “market perform” rating and a $35.00 target price for the company. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.29.

Ichor Trading Up 14.3 %

Shares of ICHR opened at $31.80 on Friday. The stock has a market capitalization of $1.06 billion, a P/E ratio of -17.97 and a beta of 1.91. The firm has a fifty day simple moving average of $30.45 and a two-hundred day simple moving average of $35.64. The company has a quick ratio of 1.91, a current ratio of 4.27 and a debt-to-equity ratio of 0.18. Ichor Holdings, Ltd. has a twelve month low of $22.26 and a twelve month high of $46.43.

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, beating analysts’ consensus estimates of ($0.09) by $0.02. The company had revenue of $203.23 million for 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%. On average, research analysts anticipate that Ichor Holdings, Ltd. will post -0.22 EPS 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.