Principal Financial Group Inc. Has $5.06 Million Holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Principal Financial Group Inc. decreased its position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 3.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,034 shares of the technology company’s stock after selling 6,376 shares during the quarter. Principal Financial Group Inc.’s holdings in Ichor were worth $5,059,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Meros Investment Management LP boosted its stake in shares of Ichor by 85.4% during the third quarter. Meros Investment Management LP now owns 197,119 shares of the technology company’s stock valued at $6,270,000 after purchasing an additional 90,791 shares in the last quarter. Geode Capital Management LLC raised its holdings in Ichor by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 795,794 shares of the technology company’s stock valued at $25,319,000 after buying an additional 27,540 shares during the last quarter. Barclays PLC boosted its position in Ichor by 377.6% during the 3rd quarter. Barclays PLC now owns 56,787 shares of the technology company’s stock worth $1,808,000 after buying an additional 44,897 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Ichor during the 3rd quarter worth approximately $207,000. Finally, Hodges Capital Management Inc. grew its holdings in Ichor by 2.8% during the 3rd quarter. Hodges Capital Management Inc. now owns 142,870 shares of the technology company’s stock worth $4,545,000 after acquiring an additional 3,950 shares during the last quarter. Institutional investors own 94.81% of the company’s stock.

Ichor Price Performance

Ichor stock opened at $32.29 on Friday. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -34.72 and a beta of 1.93. Ichor Holdings, Ltd. has a 52-week low of $26.40 and a 52-week high of $46.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 3.64. The stock’s 50 day moving average price is $31.65 and its two-hundred day moving average price is $32.10.

Ichor (NASDAQ:ICHR) last issued its earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping 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 business had revenue of $211.14 million for the quarter, compared to analyst estimates of $203.24 million. During the same period in the prior year, the firm earned ($0.09) earnings per share. Ichor’s revenue was up 7.3% on a year-over-year basis. On average, equities analysts predict that Ichor Holdings, Ltd. will post -0.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ICHR shares. B. Riley reissued a “buy” rating and issued a $38.00 price objective (up previously from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. Oppenheimer assumed coverage on Ichor in a research note on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price objective on the stock. DA Davidson started coverage on shares of Ichor in a research report on Thursday, September 26th. They set a “buy” rating and a $50.00 target price for the company. 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 research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.