Foundry Partners LLC Acquires Shares of 97,660 Ichor Holdings, Ltd. (NASDAQ:ICHR)

Foundry Partners LLC bought a new stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) during the 3rd quarter, Holdings Channel reports. The fund bought 97,660 shares of the technology company’s stock, valued at approximately $3,107,000.

Several other hedge funds also recently modified their holdings of ICHR. Quarry LP boosted its stake in Ichor by 99.5% during the 2nd quarter. Quarry LP now owns 868 shares of the technology company’s stock worth $33,000 after acquiring an additional 433 shares during the last quarter. GAMMA Investing LLC lifted its stake in Ichor by 136.2% in the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock valued at $34,000 after buying an additional 625 shares in the last quarter. Signaturefd LLC lifted its stake in Ichor by 214.6% in 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 in the last quarter. CWM LLC raised its holdings in shares of Ichor by 50.5% in the second quarter. CWM LLC now owns 1,540 shares of the technology company’s stock valued at $59,000 after purchasing an additional 517 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Ichor in the third quarter valued at approximately $209,000. Institutional investors own 94.81% of the company’s stock.

Ichor Trading Up 4.7 %

ICHR opened at $32.55 on Friday. Ichor Holdings, Ltd. has a twelve month low of $25.32 and a twelve month high of $46.43. The company has a 50-day simple moving average of $29.53 and a 200 day simple moving average of $33.31. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -35.00 and a beta of 1.91.

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

Analysts Set New Price Targets

ICHR has been the topic of a number of recent analyst reports. DA Davidson initiated coverage on shares of Ichor in a report on Thursday, September 26th. They set a “buy” rating and a $50.00 target price on the stock. Oppenheimer assumed coverage on shares of Ichor in a research report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 target price for the company. B. Riley reissued a “buy” rating and issued a $38.00 target price (up previously from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. StockNews.com raised shares of Ichor from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. Finally, Needham & Company LLC cut their price objective on shares of Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.57.

Ichor Company 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.