Ichor Holdings, Ltd. (ICHR) Shares Bought by Ameriprise Financial Inc.
Ameriprise Financial Inc. raised its position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 262.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 943,466 shares of the technology company’s stock after buying an additional 683,466 shares during the quarter. Ameriprise Financial Inc. owned about 3.80% of Ichor Holdings worth $19,021,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new stake in Ichor Holdings in the 1st quarter worth approximately $376,000. Neuberger Berman Group LLC raised its holdings in shares of Ichor Holdings by 67.2% during the 1st quarter. Neuberger Berman Group LLC now owns 768,484 shares of the technology company’s stock worth $15,239,000 after acquiring an additional 308,937 shares in the last quarter. Westpac Banking Corp purchased a new stake in shares of Ichor Holdings during the 1st quarter worth approximately $334,000. TIAA CREF Investment Management LLC purchased a new stake in shares of Ichor Holdings during the 1st quarter worth approximately $219,000. Finally, Geode Capital Management LLC raised its holdings in shares of Ichor Holdings by 538.3% during the 1st quarter. Geode Capital Management LLC now owns 70,649 shares of the technology company’s stock worth $1,400,000 after acquiring an additional 59,581 shares in the last quarter. Institutional investors and hedge funds own 83.68% of the company’s stock.
A number of research analysts have recently commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $30.00 target price on shares of Ichor Holdings in a research report on Tuesday, September 19th. Royal Bank Of Canada restated a “buy” rating and issued a $26.00 price target on shares of Ichor Holdings in a research report on Friday, July 28th. Cowen and Company set a $25.00 price target on shares of Ichor Holdings and gave the stock a “buy” rating in a research report on Thursday, July 27th. Stifel Nicolaus upped their price target on shares of Ichor Holdings from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Monday, July 10th. Finally, Zacks Investment Research downgraded shares of Ichor Holdings from a “strong-buy” rating to a “sell” rating in a research note on Friday, July 7th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $27.17.
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In other news, CEO Thomas M. Rohrs sold 130,767 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $19.57, for a total value of $2,559,110.19. Following the transaction, the chief executive officer now directly owns 125,558 shares of the company’s stock, valued at $2,457,170.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Philip Ryan Sr. Barros sold 35,650 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $22.48, for a total transaction of $801,412.00. Following the completion of the transaction, the insider now directly owns 32,090 shares in the company, valued at $721,383.20. The disclosure for this sale can be found here. Insiders have sold 6,518,447 shares of company stock valued at $121,019,781 in the last ninety days. Insiders own 5.80% of the company’s stock.
Shares of Ichor Holdings, Ltd. (ICHR) opened at 26.80 on Monday. The firm’s 50-day moving average price is $24.31 and its 200 day moving average price is $24.31. Ichor Holdings, Ltd. has a 52 week low of $9.81 and a 52 week high of $27.32. The company has a market capitalization of $673.08 million and a PE ratio of 15.41.
Ichor Holdings (NASDAQ:ICHR) last announced its quarterly earnings data on Thursday, August 10th. The technology company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.02). The business had revenue of $159.70 million during the quarter, compared to the consensus estimate of $159.36 million. The business’s revenue for the quarter was up 67.4% on a year-over-year basis. Equities analysts predict that Ichor Holdings, Ltd. will post $2.41 EPS for the current year.
About Ichor Holdings
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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