Ichor Holdings, Ltd. (NASDAQ:ICHR) Stake Decreased by Natixis Advisors LLC

Natixis Advisors LLC lessened its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 44.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,676 shares of the technology company’s stock after selling 18,757 shares during the period. Natixis Advisors LLC’s holdings in Ichor were worth $753,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ICHR. Quarry LP raised its holdings 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 buying an additional 433 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Ichor by 136.2% during the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock valued at $34,000 after buying an additional 625 shares during the last quarter. Signaturefd LLC raised its holdings in shares of 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 last quarter. CWM LLC raised its holdings 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 in the last quarter. Finally, Summit Global Investments bought a new stake in Ichor during the second quarter worth approximately $246,000. Institutional investors own 94.81% of the company’s stock.

Ichor Price Performance

NASDAQ ICHR opened at $32.16 on Thursday. The stock has a market capitalization of $1.08 billion, a P/E ratio of -34.58 and a beta of 1.91. Ichor Holdings, Ltd. has a 1 year low of $25.32 and a 1 year high of $46.43. The business’s fifty day moving average is $29.99 and its two-hundred day moving average is $33.12. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 3.64.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $211.14 million for the quarter, compared to analysts’ expectations of $203.24 million. During the same quarter in the prior year, the company earned ($0.09) earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. On average, research analysts forecast that Ichor Holdings, Ltd. will post -0.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ICHR has been the topic of several recent analyst reports. DA Davidson initiated coverage on Ichor in a report on Thursday, September 26th. They set a “buy” rating and a $50.00 target price on the stock. B. Riley reissued a “buy” rating and set a $38.00 target price (up previously from $36.00) on shares of Ichor in a report on Tuesday, November 5th. Oppenheimer initiated coverage on Ichor in a report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 target price on the stock. TD Cowen boosted their target price on Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Needham & Company LLC dropped their target price on Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $42.57.

About Ichor

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.