Ichor Holdings, Ltd. (ICHR) Position Decreased by Nationwide Fund Advisors
Nationwide Fund Advisors decreased its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 46.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,623 shares of the technology company’s stock after selling 33,172 shares during the period. Nationwide Fund Advisors’ holdings in Ichor Holdings were worth $766,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of ICHR. Boothbay Fund Management LLC purchased a new stake in Ichor Holdings during the fourth quarter valued at $281,000. Norges Bank purchased a new stake in Ichor Holdings during the fourth quarter valued at $541,000. Royce & Associates LP purchased a new stake in Ichor Holdings during the fourth quarter valued at $2,887,000. Harvey Partners LLC purchased a new stake in Ichor Holdings during the fourth quarter valued at $3,319,000. Finally, Empyrean Capital Partners LP purchased a new stake in Ichor Holdings during the fourth quarter valued at $3,540,000. Institutional investors and hedge funds own 87.16% of the company’s stock.
Shares of Ichor Holdings, Ltd. (ICHR) opened at 23.91 on Tuesday. The stock has a market cap of $593.11 million and a P/E ratio of 12.87. The stock has a 50 day moving average price of $22.22 and a 200-day moving average price of $17.90. Ichor Holdings, Ltd. has a 52 week low of $9.76 and a 52 week high of $29.73.
Ichor Holdings (NASDAQ:ICHR) last posted its earnings results on Thursday, May 11th. The technology company reported $0.57 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.57. The firm had revenue of $148.70 million for the quarter, compared to analyst estimates of $148.69 million. The company’s quarterly revenue was up 102.9% compared to the same quarter last year. Equities analysts predict that Ichor Holdings, Ltd. will post $2.08 EPS for the current fiscal year.
Several analysts have weighed in on ICHR shares. Royal Bank Of Canada reiterated a “buy” rating and set a $24.00 price target on shares of Ichor Holdings in a research note on Friday. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target (up previously from $21.00) on shares of Ichor Holdings in a research note on Monday, May 1st. Deutsche Bank AG reiterated a “buy” rating and set a $24.00 price target (up previously from $20.00) on shares of Ichor Holdings in a research note on Saturday, April 29th. Zacks Investment Research downgraded Ichor Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. Finally, Cowen and Company boosted their price target on Ichor Holdings from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, May 9th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Ichor Holdings has a consensus rating of “Buy” and a consensus target price of $22.83.
In related news, insider Maurice Eugene Carson sold 66,775 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $18.53, for a total value of $1,237,340.75. Following the transaction, the insider now owns 79,409 shares in the company, valued at approximately $1,471,448.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas M. Rohrs sold 126,354 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $18.53, for a total value of $2,341,339.62. Following the completion of the transaction, the chief executive officer now owns 16,098 shares in the company, valued at approximately $298,295.94. The disclosure for this sale can be found here. Insiders sold a total of 5,924,861 shares of company stock worth $110,174,566 in the last 90 days.
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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