JPMorgan Chase & Co. Has $10.82 Million Position in Ichor Holdings, Ltd. (NASDAQ:ICHR)

JPMorgan Chase & Co. increased its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 157.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 340,247 shares of the technology company’s stock after acquiring an additional 208,328 shares during the period. JPMorgan Chase & Co.’s holdings in Ichor were worth $10,823,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. State Street Corp boosted its position in shares of Ichor by 1.8% in the third quarter. State Street Corp now owns 1,232,532 shares of the technology company’s stock valued at $39,207,000 after acquiring an additional 21,804 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Ichor by 65.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,904 shares of the technology company’s stock valued at $1,746,000 after purchasing an additional 21,810 shares during the last quarter. Foundry Partners LLC acquired a new stake in Ichor in the 3rd quarter valued at about $3,107,000. Mutual of America Capital Management LLC grew its stake in shares of Ichor by 50.1% during the third quarter. Mutual of America Capital Management LLC now owns 121,500 shares of the technology company’s stock valued at $3,865,000 after purchasing an additional 40,575 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Ichor by 377.6% during the third quarter. Barclays PLC now owns 56,787 shares of the technology company’s stock valued at $1,808,000 after purchasing an additional 44,897 shares during the last quarter. 94.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ICHR shares. B. Riley reaffirmed a “buy” rating and set a $38.00 price objective (up previously from $36.00) on shares of Ichor in a report on Tuesday, November 5th. DA Davidson started coverage on Ichor in a research note on Thursday, September 26th. They set a “buy” rating and a $50.00 price objective on the stock. TD Cowen increased their target price on Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, Oppenheimer began coverage on Ichor in a report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 target price for the company. Two research 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, Ichor currently has an average rating of “Moderate Buy” and an average target price of $42.57.

Ichor Stock Performance

Shares of ICHR opened at $32.00 on Monday. 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 firm has a fifty day simple moving average of $32.26 and a 200 day simple moving average of $31.86. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of -34.41 and a beta of 1.92.

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