Swiss National Bank Boosts Stock Position in Ichor Holdings Ltd (NASDAQ:ICHR)

Swiss National Bank lifted its stake in shares of Ichor Holdings Ltd (NASDAQ:ICHR) by 13.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,400 shares of the technology company’s stock after acquiring an additional 4,800 shares during the quarter. Swiss National Bank owned approximately 0.18% of Ichor worth $979,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Kennedy Capital Management Inc. lifted its holdings in Ichor by 4.6% during the first quarter. Kennedy Capital Management Inc. now owns 755,316 shares of the technology company’s stock valued at $17,055,000 after purchasing an additional 33,298 shares in the last quarter. Royce & Associates LP raised its position in shares of Ichor by 21.1% during the 1st quarter. Royce & Associates LP now owns 646,924 shares of the technology company’s stock valued at $14,608,000 after purchasing an additional 112,532 shares during the period. LSV Asset Management raised its position in shares of Ichor by 5,172.2% during the 1st quarter. LSV Asset Management now owns 189,800 shares of the technology company’s stock valued at $4,285,000 after purchasing an additional 186,200 shares during the period. Globeflex Capital L P lifted its stake in shares of Ichor by 2.3% during the 1st quarter. Globeflex Capital L P now owns 57,863 shares of the technology company’s stock valued at $1,307,000 after buying an additional 1,307 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Ichor by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 34,715 shares of the technology company’s stock valued at $821,000 after buying an additional 414 shares in the last quarter. Institutional investors own 88.27% of the company’s stock.

Shares of NASDAQ:ICHR traded up $0.32 during trading on Wednesday, reaching $25.26. The company’s stock had a trading volume of 716 shares, compared to its average volume of 155,399. The stock has a market capitalization of $559.65 million, a PE ratio of 8.84 and a beta of 2.78. Ichor Holdings Ltd has a 12 month low of $14.23 and a 12 month high of $27.12. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.95. The firm’s 50 day simple moving average is $22.65 and its two-hundred day simple moving average is $22.89.



Ichor (NASDAQ:ICHR) last issued its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). Ichor had a return on equity of 12.97% and a net margin of 2.52%. The company had revenue of $139.20 million for the quarter, compared to the consensus estimate of $138.31 million. During the same period in the previous year, the firm earned $1.02 earnings per share. The company’s revenue was down 44.1% compared to the same quarter last year. Research analysts anticipate that Ichor Holdings Ltd will post 0.9 EPS for the current fiscal year.

In other Ichor news, CTO Philip Ryan Sr. Barros sold 15,338 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $23.18, for a total value of $355,534.84. Following the completion of the sale, the chief technology officer now owns 56,475 shares of the company’s stock, valued at $1,309,090.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.50% of the company’s stock.

A number of equities research analysts have issued reports on the company. DA Davidson lowered Ichor from a “buy” rating to a “neutral” rating and cut their price target for the stock from $32.00 to $25.00 in a research note on Monday, July 8th. Stifel Nicolaus set a $31.00 price objective on Ichor and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Zacks Investment Research cut Ichor from a “hold” rating to a “sell” rating in a research report on Tuesday, July 23rd. Needham & Company LLC set a $25.00 target price on Ichor and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, B. Riley started coverage on Ichor in a research note on Thursday, May 16th. They set a “buy” rating and a $32.00 target price on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Ichor currently has a consensus rating of “Hold” and a consensus price target of $25.88.

Ichor Profile

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising electroplating and cleaning.

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Institutional Ownership by Quarter for Ichor (NASDAQ:ICHR)

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