XTX Topco Ltd Sells 2,799 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

XTX Topco Ltd cut its stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 26.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,665 shares of the technology company’s stock after selling 2,799 shares during the period. XTX Topco Ltd’s holdings in Ichor were worth $244,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Quarry LP raised 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 buying an additional 433 shares during the last quarter. GAMMA Investing LLC increased its stake in 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 acquiring an additional 625 shares during the period. Signaturefd LLC raised its holdings in Ichor by 214.6% in the 3rd quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock valued at $40,000 after acquiring an additional 854 shares in the last quarter. CWM LLC lifted its position in shares of Ichor by 134.9% in the 3rd quarter. CWM LLC now owns 3,617 shares of the technology company’s stock worth $115,000 after acquiring an additional 2,077 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Ichor by 28.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock worth $153,000 after purchasing an additional 1,068 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on ICHR. DA Davidson began coverage on Ichor in a research note on Thursday, September 26th. They issued a “buy” rating and a $50.00 target price for the company. TD Cowen increased their price objective on shares of Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. B. Riley reiterated a “buy” rating and set a $38.00 target price (up from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. Finally, Oppenheimer initiated coverage on shares of Ichor in a research report on Wednesday, September 25th. They issued 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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.57.

Ichor Trading Down 1.6 %

ICHR opened at $31.23 on Thursday. Ichor Holdings, Ltd. has a 1-year low of $26.40 and a 1-year high of $46.43. The stock has a market capitalization of $1.05 billion, a PE ratio of -33.58 and a beta of 1.93. The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $30.98 and a two-hundred day moving average price of $32.56.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $203.24 million. During the same quarter last year, the business posted ($0.09) earnings per share. Ichor’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities analysts anticipate that Ichor Holdings, Ltd. will post -0.1 earnings per share for the current fiscal year.

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.