Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Position in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 28.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,818 shares of the technology company’s stock after buying an additional 1,068 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ichor were worth $153,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC purchased a new position in shares of Ichor in the second quarter valued at $6,382,000. Hood River Capital Management LLC boosted its stake in Ichor by 15.8% in the 2nd quarter. Hood River Capital Management LLC now owns 1,108,227 shares of the technology company’s stock worth $42,722,000 after purchasing an additional 150,933 shares during the period. Renaissance Technologies LLC grew its holdings in Ichor by 322.6% during 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 in the last quarter. Royce & Associates LP increased its position in shares of Ichor by 20.8% during the third quarter. Royce & Associates LP now owns 718,967 shares of the technology company’s stock valued at $22,870,000 after buying an additional 123,585 shares during the period. Finally, Segall Bryant & Hamill LLC lifted its holdings in shares of Ichor by 26.8% in the third quarter. Segall Bryant & Hamill LLC now owns 568,117 shares of the technology company’s stock worth $18,072,000 after buying an additional 120,133 shares in the last quarter. Institutional investors own 94.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ICHR shares. Oppenheimer started coverage on shares of 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 research report on Thursday, September 26th. They issued a “buy” rating and a $50.00 price objective on the stock. StockNews.com upgraded Ichor from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. B. Riley reaffirmed a “buy” rating and issued 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 objective on Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $42.57.

Ichor Price Performance

Shares of Ichor stock opened at $33.27 on Tuesday. The firm has a market capitalization of $1.12 billion, a PE ratio of -35.77 and a beta of 1.93. The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. Ichor Holdings, Ltd. has a 12 month low of $26.40 and a 12 month high of $46.43. The business’s 50-day moving average price is $30.72 and its 200-day moving average price is $32.82.

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