Pacific Ridge Capital Partners LLC Sells 3,069 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Pacific Ridge Capital Partners LLC cut its stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 9.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,341 shares of the technology company’s stock after selling 3,069 shares during the period. Pacific Ridge Capital Partners LLC owned approximately 0.08% of Ichor worth $1,093,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Meros Investment Management LP lifted its stake in shares of Ichor by 1.6% in the second quarter. Meros Investment Management LP now owns 106,328 shares of the technology company’s stock valued at $4,099,000 after buying an additional 1,629 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Ichor by 16.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,001 shares of the technology company’s stock worth $655,000 after acquiring an additional 2,382 shares during the period. Millennium Management LLC acquired a new stake in shares of Ichor during the 2nd quarter worth approximately $6,382,000. AQR Capital Management LLC bought a new stake in shares of Ichor during the second quarter valued at approximately $1,166,000. Finally, Marshall Wace LLP raised its stake in shares of Ichor by 1.9% in the second quarter. Marshall Wace LLP now owns 68,641 shares of the technology company’s stock valued at $2,646,000 after purchasing an additional 1,288 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in 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 research note on Wednesday, August 7th. StockNews.com raised shares of Ichor from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. Oppenheimer assumed coverage on shares of Ichor in a research note on Wednesday. They set a “market perform” rating and a $35.00 price target for the company. TD Cowen decreased their price objective on Ichor from $48.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, DA Davidson assumed coverage on Ichor in a report on Thursday. They issued a “buy” rating and a $50.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.29.

Ichor Price Performance

Shares of Ichor stock opened at $31.86 on Friday. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -18.00 and a beta of 1.91. The firm’s 50-day moving average price is $30.34 and its two-hundred day moving average price is $35.62. The company has a current ratio of 4.27, a quick ratio of 1.91 and a debt-to-equity ratio of 0.18. Ichor Holdings, Ltd. has a 1-year low of $22.26 and a 1-year high of $46.43.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Tuesday, August 6th. The technology company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. Ichor had a negative return on equity of 2.56% and a negative net margin of 4.53%. The business had revenue of $203.23 million for the quarter, compared to analyst estimates of $197.75 million. On average, equities analysts predict that Ichor Holdings, Ltd. will post -0.22 earnings per share 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.