Amalgamated Bank Has $386,000 Stock Position in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Amalgamated Bank boosted its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 6.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 10,025 shares of the technology company’s stock after buying an additional 577 shares during the quarter. Amalgamated Bank’s holdings in Ichor were worth $386,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ICHR. Wellington Management Group LLP boosted its holdings in shares of Ichor by 68.5% in the 4th quarter. Wellington Management Group LLP now owns 291,389 shares of the technology company’s stock valued at $9,799,000 after buying an additional 118,498 shares during the last quarter. Vanguard Group Inc. grew its position 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 acquiring an additional 176,970 shares during the period. Mutual of America Capital Management LLC acquired a new position in shares of Ichor during the 1st quarter worth about $1,353,000. Epoch Investment Partners Inc. raised its holdings in shares of Ichor by 33.0% in the 1st quarter. Epoch Investment Partners Inc. now owns 265,246 shares of the technology company’s stock valued at $10,244,000 after purchasing an additional 65,862 shares during the period. Finally, Swedbank AB acquired a new stake in Ichor in the 1st quarter valued at about $67,106,000. 94.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ICHR has been the topic of a number of recent analyst reports. Needham & Company LLC lowered their price target on Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Oppenheimer began coverage on Ichor in a report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 target price on the stock. DA Davidson started coverage on Ichor in a report on Thursday. They set a “buy” rating and a $50.00 price target for the company. StockNews.com upgraded shares of Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Finally, 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 note on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Ichor presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.29.

Ichor Stock Up 0.2 %

ICHR opened at $31.86 on Monday. 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 fifty day moving average of $30.27 and a 200-day moving average of $35.49. Ichor Holdings, Ltd. has a fifty-two week low of $22.26 and a fifty-two week high of $46.43. The company has a market capitalization of $1.07 billion, a P/E ratio of -18.00 and a beta 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, beating 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 during the quarter, compared to the consensus estimate of $197.75 million. On average, equities analysts expect that Ichor Holdings, Ltd. will post -0.22 EPS for the current year.

Ichor Company 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.