State Street Corp Acquires 21,804 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

State Street Corp lifted its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 1.8% in the third quarter, Holdings Channel.com reports. The fund owned 1,232,532 shares of the technology company’s stock after purchasing an additional 21,804 shares during the period. State Street Corp’s holdings in Ichor were worth $39,207,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Quarry LP raised its stake in Ichor by 99.5% in the second quarter. Quarry LP now owns 868 shares of the technology company’s stock worth $33,000 after buying an additional 433 shares in the last quarter. GAMMA Investing LLC raised its holdings in Ichor by 136.2% in the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock worth $34,000 after purchasing an additional 625 shares in the last quarter. Signaturefd LLC lifted 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. CWM LLC boosted its holdings in shares of Ichor by 134.9% during the 3rd quarter. CWM LLC now owns 3,617 shares of the technology company’s stock valued at $115,000 after buying an additional 2,077 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Ichor by 28.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock worth $153,000 after buying an additional 1,068 shares during the period. Institutional investors own 94.81% of the company’s stock.

Ichor Price Performance

Shares of ICHR opened at $29.80 on Friday. Ichor Holdings, Ltd. has a twelve month low of $26.40 and a twelve month high of $46.43. The company has a market capitalization of $1.01 billion, a P/E ratio of -32.04 and a beta of 1.93. The firm has a 50 day moving average of $31.01 and a 200 day moving average of $32.49. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ICHR shares. DA Davidson initiated coverage on shares of Ichor in a research report on Thursday, September 26th. They set a “buy” rating and a $50.00 price target for the company. B. Riley reiterated a “buy” rating and set a $38.00 target price (up from $36.00) on shares of Ichor in a report on Tuesday, November 5th. TD Cowen upped their price target on Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. 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 objective for the company. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Ichor has a consensus rating of “Moderate Buy” and a consensus target price 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.