US Bancorp DE Trims Stock Position in Ichor Holdings, Ltd. (NASDAQ:ICHR)

US Bancorp DE cut its position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 43.9% during the third quarter, Holdings Channel.com reports. The firm owned 10,571 shares of the technology company’s stock after selling 8,268 shares during the quarter. US Bancorp DE’s holdings in Ichor were worth $336,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ICHR. Vanguard Group Inc. grew its holdings in shares of Ichor by 6.6% in the first quarter. Vanguard Group Inc. now owns 2,841,622 shares of the technology company’s stock valued at $109,743,000 after purchasing an additional 176,970 shares in the last quarter. Swedbank AB acquired a new position in shares of Ichor in the first quarter valued at approximately $67,106,000. Hood River Capital Management LLC grew its holdings in shares of Ichor by 15.8% in the second quarter. Hood River Capital Management LLC now owns 1,108,227 shares of the technology company’s stock valued at $42,722,000 after purchasing an additional 150,933 shares in the last quarter. Pinnacle Associates Ltd. grew its holdings in shares of Ichor by 2.2% in the third quarter. Pinnacle Associates Ltd. now owns 498,955 shares of the technology company’s stock valued at $16,780,000 after purchasing an additional 10,761 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in shares of Ichor by 5.6% in the second quarter. First Eagle Investment Management LLC now owns 373,948 shares of the technology company’s stock valued at $14,416,000 after purchasing an additional 19,850 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Ichor Trading Down 1.4 %

Shares of ICHR stock opened at $32.61 on Wednesday. The firm has a market cap of $1.10 billion, a P/E ratio of -35.56 and a beta of 1.91. Ichor Holdings, Ltd. has a 1-year low of $22.99 and a 1-year high of $46.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.64 and a quick ratio of 1.91. The firm’s 50-day simple moving average is $29.10 and its 200-day simple moving average is $33.64.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The firm had revenue of $211.14 million for the quarter, compared to analyst estimates of $203.24 million. During the same quarter last year, the firm posted ($0.09) earnings per share. Ichor’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities analysts forecast that Ichor Holdings, Ltd. will post -0.1 EPS for the current year.

Analysts Set New Price Targets

ICHR has been the subject of several analyst reports. StockNews.com upgraded shares of Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. DA Davidson initiated coverage on shares of Ichor in a report on Thursday, September 26th. They set a “buy” rating and a $50.00 price target for the company. Oppenheimer initiated coverage on shares of Ichor in a report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 price target for the company. B. Riley reiterated a “buy” rating and set a $38.00 price target (up previously from $36.00) on shares of Ichor in a report on Tuesday, November 5th. Finally, TD Cowen boosted their price target on shares of Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Ichor presently has an average rating of “Moderate Buy” and an average target price of $42.57.

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.