Ichor Holdings, Ltd. (NASDAQ:ICHR) Shares Acquired by Hodges Capital Management Inc.

Hodges Capital Management Inc. lifted its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 52.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 217,125 shares of the technology company’s stock after acquiring an additional 74,255 shares during the period. Hodges Capital Management Inc. owned 0.64% of Ichor worth $6,996,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in shares of Ichor by 157.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 340,247 shares of the technology company’s stock worth $10,823,000 after buying an additional 208,328 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Ichor during the 2nd quarter worth approximately $6,382,000. Royce & Associates LP lifted its position in shares of Ichor by 20.8% in the third quarter. Royce & Associates LP now owns 718,967 shares of the technology company’s stock valued at $22,870,000 after acquiring an additional 123,585 shares in the last quarter. Segall Bryant & Hamill LLC boosted its stake in shares of Ichor by 26.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 568,117 shares of the technology company’s stock worth $18,072,000 after purchasing an additional 120,133 shares during the last quarter. Finally, Foundry Partners LLC purchased a new stake in Ichor in the 3rd quarter worth approximately $3,107,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor Price Performance

Shares of ICHR opened at $27.46 on Monday. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18. Ichor Holdings, Ltd. has a 52 week low of $25.95 and a 52 week high of $46.43. The company’s 50 day moving average price is $31.56 and its 200 day moving average price is $30.72.

Ichor (NASDAQ:ICHR) last posted its earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $211.14 million for the quarter, compared to analyst estimates of $203.24 million. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. Ichor’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business posted ($0.09) EPS. As a group, sell-side analysts forecast that Ichor Holdings, Ltd. will post -0.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ICHR has been the subject of several research reports. Needham & Company LLC cut shares of Ichor from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. TD Cowen decreased their target price on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Finally, B. Riley restated a “buy” rating and issued a $38.00 target price (up from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Ichor presently has an average rating of “Moderate Buy” and an average price target of $42.29.

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.