Mutual of America Capital Management LLC Grows Holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Mutual of America Capital Management LLC raised its position in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 50.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 121,500 shares of the technology company’s stock after buying an additional 40,575 shares during the period. Mutual of America Capital Management LLC’s holdings in Ichor were worth $3,865,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Quarry LP increased its position in shares of Ichor by 99.5% during the second quarter. Quarry LP now owns 868 shares of the technology company’s stock valued at $33,000 after acquiring an additional 433 shares during the last quarter. CWM LLC increased its position in shares of Ichor by 50.5% during the 2nd quarter. CWM LLC now owns 1,540 shares of the technology company’s stock valued at $59,000 after purchasing an additional 517 shares during the last quarter. Amalgamated Bank raised its stake in shares of Ichor by 6.1% during the 2nd quarter. Amalgamated Bank now owns 10,025 shares of the technology company’s stock worth $386,000 after purchasing an additional 577 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Ichor by 136.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock worth $34,000 after buying an additional 625 shares during the last quarter. Finally, Signaturefd LLC grew its position in Ichor by 214.6% during the third quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock valued at $40,000 after buying an additional 854 shares during the period. Institutional investors own 94.81% of the company’s stock.

Ichor Stock Performance

Shares of ICHR opened at $32.55 on Friday. Ichor Holdings, Ltd. has a 52-week low of $25.32 and a 52-week high of $46.43. The stock’s 50-day simple moving average is $29.53 and its 200 day simple moving average is $33.31. 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 has a market capitalization of $1.10 billion, a price-to-earnings ratio of -35.00 and a beta of 1.91.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on ICHR. B. Riley reaffirmed a “buy” rating and issued a $38.00 price objective (up previously from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. DA Davidson initiated coverage on shares of Ichor in a report on Thursday, September 26th. They issued a “buy” rating and a $50.00 price target on the stock. Needham & Company LLC reduced their price objective on Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. StockNews.com upgraded Ichor from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. Finally, Oppenheimer began coverage on Ichor in a research note on Wednesday, September 25th. They set a “market perform” rating and a $35.00 price target for the company. Two 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.