Arizona State Retirement System Buys New Stake in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Arizona State Retirement System bought a new stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR – Get Rating) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 8,109 shares of the technology company’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ICHR. Signaturefd LLC increased its stake in Ichor by 50.3% during the 3rd quarter. Signaturefd LLC now owns 1,174 shares of the technology company’s stock worth $28,000 after buying an additional 393 shares during the period. Public Employees Retirement System of Ohio increased its stake in Ichor by 48.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,155 shares of the technology company’s stock worth $28,000 after buying an additional 376 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Ichor during the 2nd quarter worth $28,000. UBS Group AG increased its stake in Ichor by 73.8% during the 3rd quarter. UBS Group AG now owns 1,582 shares of the technology company’s stock worth $39,000 after buying an additional 672 shares during the period. Finally, Captrust Financial Advisors increased its stake in Ichor by 232.6% during the 1st quarter. Captrust Financial Advisors now owns 1,284 shares of the technology company’s stock worth $46,000 after buying an additional 898 shares during the period. Institutional investors and hedge funds own 83.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ICHR shares. Cowen boosted their target price on shares of Ichor from $32.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 8th. B. Riley boosted their target price on shares of Ichor from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 8th. DA Davidson boosted their target price on shares of Ichor from $31.00 to $40.00 in a research report on Wednesday, February 8th. TD Cowen lowered their price objective on shares of Ichor from $40.00 to $33.00 and set an “outperform” rating for the company in a research report on Wednesday, May 10th. Finally, StockNews.com downgraded shares of Ichor from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Ichor currently has a consensus rating of “Moderate Buy” and an average target price of $36.43.

Insider Buying and Selling

In related news, Director Marc Haugen sold 5,544 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $27.90, for a total transaction of $154,677.60. Following the completion of the sale, the director now directly owns 25,948 shares in the company, valued at $723,949.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.80% of the stock is currently owned by insiders.

Ichor Trading Down 4.0 %

Ichor stock opened at $29.18 on Thursday. The company has a quick ratio of 1.68, a current ratio of 3.97 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average price of $29.23 and a two-hundred day moving average price of $30.13. The firm has a market capitalization of $847.85 million, a price-to-earnings ratio of 13.09 and a beta of 1.95. Ichor Holdings, Ltd. has a 52-week low of $21.03 and a 52-week high of $39.73.

Ichor (NASDAQ:ICHR – Get Rating) last posted its quarterly earnings data on Tuesday, May 9th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.10. The business had revenue of $225.87 million during the quarter, compared to analysts’ expectations of $225.00 million. Ichor had a net margin of 5.34% and a return on equity of 14.63%. Sell-side analysts expect that Ichor Holdings, Ltd. will post 0.27 earnings per share for the current year.

Ichor Profile

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Ichor Holdings Ltd. engages in designing, engineering, and manufacturing fluid delivery subsystems for semiconductor capital equipment. It offers gas and chemical delivery systems, which are key elements of the process tools used in the manufacturing of semiconductor devices. The firm also manufactures precision machined components, weldments, and proprietary products for use in fluid delivery systems for direct sales to its customers.