Point72 DIFC Ltd Takes Position in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Point72 DIFC Ltd bought a new stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,287 shares of the technology company’s stock, valued at approximately $200,000.

A number of other large investors also recently made changes to their positions in the business. Hood River Capital Management LLC increased its holdings in shares of Ichor by 15.8% in the 2nd quarter. Hood River Capital Management LLC now owns 1,108,227 shares of the technology company’s stock valued at $42,722,000 after purchasing an additional 150,933 shares during the period. Royce & Associates LP increased its holdings in shares of Ichor by 20.8% in the 3rd quarter. Royce & Associates LP now owns 718,967 shares of the technology company’s stock valued at $22,870,000 after purchasing an additional 123,585 shares during the period. Westfield Capital Management Co. LP increased its holdings in shares of Ichor by 4.5% in the 3rd quarter. Westfield Capital Management Co. LP now owns 580,818 shares of the technology company’s stock valued at $18,476,000 after purchasing an additional 24,889 shares during the period. Segall Bryant & Hamill LLC increased its holdings in shares of Ichor by 26.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 568,117 shares of the technology company’s stock valued at $18,072,000 after purchasing an additional 120,133 shares during the period. Finally, Pinnacle Associates Ltd. increased its holdings in Ichor by 2.2% in the third quarter. Pinnacle Associates Ltd. now owns 498,955 shares of the technology company’s stock worth $16,780,000 after buying an additional 10,761 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor Stock Up 1.3 %

Shares of Ichor stock opened at $33.33 on Friday. The stock has a market capitalization of $1.12 billion, a P/E ratio of -35.84 and a beta of 1.93. 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 50 day moving average price of $30.69 and a two-hundred day moving average price of $32.89. Ichor Holdings, Ltd. has a 12-month low of $25.56 and a 12-month high of $46.43.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. The company had revenue of $211.14 million during the quarter, compared to analysts’ expectations of $203.24 million. During the same period in the prior year, the business earned ($0.09) earnings per share. Ichor’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities analysts expect that Ichor Holdings, Ltd. will post -0.1 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on ICHR. TD Cowen increased their price objective on Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Oppenheimer began coverage on Ichor in a report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price objective on the stock. B. Riley restated a “buy” rating and issued a $38.00 price objective (up previously from $36.00) on shares of Ichor in a report on Tuesday, November 5th. DA Davidson began coverage on Ichor in a report on Thursday, September 26th. They issued a “buy” rating and a $50.00 price objective on the stock. Finally, StockNews.com upgraded Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Ichor currently has an average rating of “Moderate Buy” and a consensus target price 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.