BlackRock Inc. Purchases 1,412,399 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

BlackRock Inc. lifted its position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 38.0% in the first quarter, HoldingsChannel reports. The fund owned 5,129,366 shares of the technology company’s stock after buying an additional 1,412,399 shares during the period. BlackRock Inc. owned 0.18% of Ichor worth $275,960,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ICHR. Hood River Capital Management LLC bought a new stake in shares of Ichor during the fourth quarter worth $18,511,000. Epoch Investment Partners Inc. raised its position in shares of Ichor by 290.2% during the fourth quarter. Epoch Investment Partners Inc. now owns 214,078 shares of the technology company’s stock worth $6,453,000 after acquiring an additional 159,219 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Ichor during the fourth quarter worth $4,477,000. Victory Capital Management Inc. raised its position in shares of Ichor by 557.4% during the fourth quarter. Victory Capital Management Inc. now owns 150,655 shares of the technology company’s stock worth $4,542,000 after acquiring an additional 127,737 shares during the last quarter. Finally, Bamco Inc. NY raised its position in shares of Ichor by 36.8% during the fourth quarter. Bamco Inc. NY now owns 465,000 shares of the technology company’s stock worth $14,017,000 after acquiring an additional 125,000 shares during the last quarter. Institutional investors own 84.42% of the company’s stock.

NASDAQ:ICHR opened at $54.72 on Friday. Ichor Holdings, Ltd. has a 1 year low of $19.88 and a 1 year high of $63.42. The company has a current ratio of 2.75, a quick ratio of 1.96 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $1.54 billion, a PE ratio of 30.92 and a beta of 2.31. The firm has a 50-day simple moving average of $55.77.

Ichor (NASDAQ:ICHR) last posted its earnings results on Tuesday, May 4th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.04. Ichor had a return on equity of 18.52% and a net margin of 4.64%. The firm had revenue of $265.00 million during the quarter, compared to analysts’ expectations of $256.00 million. During the same period in the previous year, the firm earned $0.52 earnings per share. The company’s revenue was up 20.5% on a year-over-year basis. As a group, equities analysts expect that Ichor Holdings, Ltd. will post 3.24 earnings per share for the current year.

A number of research firms have recently weighed in on ICHR. Zacks Investment Research upgraded Ichor from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research report on Monday, April 19th. B. Riley upped their price objective on Ichor from $75.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, May 5th. Needham & Company LLC upped their price objective on Ichor from $46.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, April 21st. Cowen upped their price objective on Ichor from $48.00 to $61.00 and gave the company an “outperform” rating in a report on Wednesday, April 14th. Finally, DA Davidson upped their price objective on Ichor from $50.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, April 14th. Seven research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of $60.71.

In other news, Director Thomas M. Rohrs sold 65,908 shares of the company’s stock in a transaction dated Wednesday, June 2nd. The stock was sold at an average price of $55.89, for a total transaction of $3,683,598.12. Following the completion of the transaction, the director now directly owns 165,503 shares of the company’s stock, valued at $9,249,962.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Kevin M. Canty sold 1,500 shares of the company’s stock in a transaction dated Wednesday, April 7th. The stock was sold at an average price of $60.10, for a total value of $90,150.00. Following the transaction, the chief operating officer now directly owns 54,595 shares of the company’s stock, valued at $3,281,159.50. The disclosure for this sale can be found here. Insiders have sold 83,460 shares of company stock valued at $4,661,424 over the last ninety days. 2.10% of the stock is owned by insiders.

Ichor Profile

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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