First Eagle Investment Management LLC Boosts Stock Holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR)

First Eagle Investment Management LLC raised its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 5.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 373,948 shares of the technology company’s stock after buying an additional 19,850 shares during the quarter. First Eagle Investment Management LLC owned about 1.12% of Ichor worth $14,416,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp bought a new stake in Ichor during the fourth quarter valued at $41,000. CWM LLC lifted its stake in Ichor by 50.5% during the second quarter. CWM LLC now owns 1,540 shares of the technology company’s stock worth $59,000 after purchasing an additional 517 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Ichor by 39.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the technology company’s stock valued at $102,000 after buying an additional 854 shares in the last quarter. ProShare Advisors LLC bought a new stake in Ichor in the 1st quarter worth approximately $225,000. Finally, Summit Global Investments purchased a new stake in Ichor in the second quarter worth approximately $246,000. 94.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on ICHR. StockNews.com raised shares of Ichor from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. Needham & Company LLC decreased their target price on shares of Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Finally, TD Cowen cut their price target on shares of Ichor from $48.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $43.60.

Ichor Stock Up 4.3 %

Shares of NASDAQ ICHR opened at $28.49 on Friday. The firm’s fifty day moving average is $31.50 and its 200 day moving average is $36.14. Ichor Holdings, Ltd. has a 52 week low of $22.26 and a 52 week high of $46.43. The company has a quick ratio of 1.91, a current ratio of 4.27 and a debt-to-equity ratio of 0.18. The company has a market cap of $953.70 million, a price-to-earnings ratio of -16.10 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last released 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. The firm had revenue of $203.23 million for the quarter, compared to analysts’ expectations of $197.75 million. Ichor had a negative net margin of 4.53% and a negative return on equity of 2.56%. On average, equities research analysts expect that Ichor Holdings, Ltd. will post -0.22 earnings per share for the current 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.