Westfield Capital Management Co. LP Acquires 24,889 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Westfield Capital Management Co. LP lifted its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 4.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 580,818 shares of the technology company’s stock after buying an additional 24,889 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Ichor were worth $18,476,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Quarry LP grew its stake in Ichor by 99.5% in the 2nd quarter. Quarry LP now owns 868 shares of the technology company’s stock valued at $33,000 after buying an additional 433 shares in the last quarter. GAMMA Investing LLC grew its position in shares of 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 purchasing an additional 625 shares in the last quarter. Signaturefd LLC grew its position in shares of 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 purchasing an additional 854 shares in the last quarter. CWM LLC raised its stake in shares of Ichor by 50.5% during the 2nd 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 period. Finally, Intech Investment Management LLC purchased a new stake in Ichor during the 3rd quarter worth about $209,000. 94.81% of the stock is owned by institutional investors.

Ichor Price Performance

Shares of Ichor stock opened at $33.35 on Monday. The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. Ichor Holdings, Ltd. has a 12 month low of $25.32 and a 12 month high of $46.43. The business’s 50-day moving average price is $29.70 and its 200-day moving average price is $33.22.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. TD Cowen upped their price target on Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Needham & Company LLC lowered their price objective on Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. DA Davidson started coverage on Ichor in a research note on Thursday, September 26th. They issued a “buy” rating and a $50.00 target price on the stock. B. Riley restated a “buy” rating and issued a $38.00 price objective (up from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. Finally, Oppenheimer initiated coverage on shares of Ichor in a research report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Ichor presently 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.