First Eagle Investment Management LLC Buys 11,805 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

First Eagle Investment Management LLC boosted its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHRGet Rating) by 94.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,310 shares of the technology company’s stock after buying an additional 11,805 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.09% of Ichor worth $1,119,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ICHR. American Century Companies Inc. lifted its holdings in Ichor by 45.1% during the 4th quarter. American Century Companies Inc. now owns 537,701 shares of the technology company’s stock valued at $24,750,000 after buying an additional 167,103 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Ichor in the 4th quarter valued at about $6,947,000. Morgan Stanley raised its holdings in shares of Ichor by 126.7% in the 2nd quarter. Morgan Stanley now owns 258,045 shares of the technology company’s stock valued at $13,883,000 after purchasing an additional 144,216 shares in the last quarter. Paradigm Capital Management Inc. NY raised its holdings in shares of Ichor by 20.6% in the 4th quarter. Paradigm Capital Management Inc. NY now owns 674,232 shares of the technology company’s stock valued at $31,034,000 after purchasing an additional 115,232 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of Ichor by 23.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 574,900 shares of the technology company’s stock valued at $23,623,000 after purchasing an additional 108,700 shares in the last quarter. Institutional investors own 86.95% of the company’s stock.

In other news, Director Iain Mackenzie sold 2,500 shares of the company’s stock in a transaction on Wednesday, February 16th. The shares were sold at an average price of $40.00, for a total value of $100,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by corporate insiders.

Several equities research analysts have recently commented on the stock. TheStreet lowered shares of Ichor from a “b-” rating to a “c+” rating in a report on Tuesday. B. Riley reduced their price target on shares of Ichor from $42.00 to $37.00 in a report on Wednesday. Cowen reduced their price target on shares of Ichor from $50.00 to $41.00 in a report on Wednesday. Cowen dropped their target price on shares of Ichor from $50.00 to $41.00 in a research report on Wednesday. Finally, StockNews.com began coverage on shares of Ichor in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $44.00.

Shares of ICHR stock traded up $2.17 during trading hours on Friday, hitting $28.26. The company’s stock had a trading volume of 358,442 shares, compared to its average volume of 238,762. The company has a 50 day moving average of $32.05 and a 200 day moving average of $39.45. The stock has a market cap of $808.80 million, a PE ratio of 12.73 and a beta of 2.10. The company has a current ratio of 2.37, a quick ratio of 1.09 and a debt-to-equity ratio of 0.55. Ichor Holdings, Ltd. has a 12-month low of $23.10 and a 12-month high of $58.75.

Ichor (NASDAQ:ICHRGet Rating) last released its quarterly earnings data on Tuesday, May 10th. The technology company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.20). The business had revenue of $293.15 million during the quarter, compared to analysts’ expectations of $300.08 million. Ichor had a net margin of 5.71% and a return on equity of 17.89%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same period last year, the company earned $0.69 earnings per share. As a group, analysts anticipate that Ichor Holdings, Ltd. will post 3.75 earnings per share for the current fiscal year.

About Ichor (Get Rating)

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising chemical-mechanical planarization, electroplating, and cleaning.

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Institutional Ownership by Quarter for Ichor (NASDAQ:ICHR)

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