11,052 Shares in Ichor Holdings, Ltd. (ICHR) Acquired by TIAA CREF Investment Management LLC
TIAA CREF Investment Management LLC bought a new stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,052 shares of the technology company’s stock, valued at approximately $219,000.
Other hedge funds also recently modified their holdings of the company. Neuberger Berman Group LLC boosted its stake in shares of Ichor Holdings by 67.2% in the first quarter. Neuberger Berman Group LLC now owns 768,484 shares of the technology company’s stock valued at $15,239,000 after buying an additional 308,937 shares during the last quarter. Spark Investment Management LLC boosted its stake in shares of Ichor Holdings by 982.6% in the first quarter. Spark Investment Management LLC now owns 192,700 shares of the technology company’s stock valued at $3,821,000 after buying an additional 174,900 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Ichor Holdings during the first quarter valued at about $2,275,000. Pier Capital LLC bought a new stake in shares of Ichor Holdings during the first quarter valued at about $1,933,000. Finally, Hodges Capital Management Inc. bought a new stake in shares of Ichor Holdings during the first quarter valued at about $1,487,000. Institutional investors own 83.68% of the company’s stock.
Shares of Ichor Holdings, Ltd. (ICHR) traded up 1.82% during trading on Thursday, hitting $22.95. The stock had a trading volume of 387,091 shares. The company has a market cap of $576.39 million and a PE ratio of 13.20. The stock’s 50 day moving average is $20.81 and its 200-day moving average is $20.22. Ichor Holdings, Ltd. has a 12-month low of $9.76 and a 12-month high of $29.73.
Ichor Holdings (NASDAQ:ICHR) last announced its earnings results on Thursday, August 10th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.02. The business had revenue of $159.70 million for the quarter, compared to the consensus estimate of $159.36 million. The business’s quarterly revenue was up 67.4% compared to the same quarter last year. Analysts forecast that Ichor Holdings, Ltd. will post $2.41 earnings per share for the current year.
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Several analysts have issued reports on ICHR shares. Zacks Investment Research cut Ichor Holdings from a “strong-buy” rating to a “sell” rating in a report on Friday, July 7th. Stifel Nicolaus upped their target price on Ichor Holdings from $24.00 to $26.00 and gave the company a “buy” rating in a report on Monday, July 10th. Cowen and Company set a $25.00 target price on Ichor Holdings and gave the company a “buy” rating in a report on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating and issued a $24.00 target price on shares of Ichor Holdings in a report on Friday, June 16th. Finally, Needham & Company LLC restated a “positive” rating and issued a $30.00 target price (up from $25.00) on shares of Ichor Holdings in a report on Monday, July 31st. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Ichor Holdings presently has a consensus rating of “Buy” and a consensus price target of $27.17.
In other news, Director Dipanjan Deb sold 5,423,692 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $18.50, for a total value of $100,338,302.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Philip Ryan Sr. Barros sold 8,290 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $18.50, for a total transaction of $153,365.00. Following the completion of the transaction, the insider now directly owns 8,290 shares in the company, valued at $153,365. The disclosure for this sale can be found here. Insiders sold 6,518,447 shares of company stock worth $121,198,558 over the last ninety days. 5.80% of the stock is currently owned by company insiders.
Ichor Holdings Company Profile
Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices.
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