Ichor Holdings, Ltd. (NASDAQ:ICHR) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 1.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,526 shares of the technology company’s stock after selling 1,938 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.35% of Ichor worth $3,807,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ICHR. Public Employees Retirement System of Ohio lifted its holdings in shares of Ichor by 48.3% during the third quarter. Public Employees Retirement System of Ohio now owns 1,155 shares of the technology company’s stock worth $28,000 after purchasing an additional 376 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Ichor during the second quarter valued at approximately $28,000. UBS Group AG raised its position in Ichor by 73.8% during the third quarter. UBS Group AG now owns 1,582 shares of the technology company’s stock valued at $39,000 after acquiring an additional 672 shares in the last quarter. Harbor Investment Advisory LLC raised its position in Ichor by 51.5% during the second quarter. Harbor Investment Advisory LLC now owns 1,186 shares of the technology company’s stock valued at $44,000 after acquiring an additional 403 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in Ichor by 232.6% during the first quarter. Captrust Financial Advisors now owns 1,284 shares of the technology company’s stock valued at $46,000 after acquiring an additional 898 shares in the last quarter. Institutional investors and hedge funds own 89.69% of the company’s stock.

Ichor Stock Up 1.8 %

NASDAQ ICHR opened at $26.14 on Friday. The business has a fifty day moving average price of $29.98 and a 200 day moving average price of $32.12. Ichor Holdings, Ltd. has a one year low of $23.70 and a one year high of $39.73. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.75 and a current ratio of 4.25. The company has a market cap of $765.90 million, a P/E ratio of 33.51 and a beta of 2.01.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Tuesday, August 8th. The technology company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.01). Ichor had a net margin of 2.11% and a return on equity of 9.38%. The firm had revenue of $185.01 million during the quarter, compared to analyst estimates of $180.03 million. Research analysts anticipate that Ichor Holdings, Ltd. will post 0.14 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. StockNews.com assumed coverage on Ichor in a research report on Thursday, October 5th. They set a “hold” rating for the company. TheStreet cut Ichor from a “b-” rating to a “c+” rating in a research report on Friday, August 11th. B. Riley upped their target price on Ichor from $30.00 to $40.00 in a research note on Monday, July 17th. Stifel Nicolaus upped their target price on Ichor from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. Finally, Needham & Company LLC reduced their target price on Ichor from $42.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, August 25th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.83.

Insider Activity at Ichor

In related news, Director Thomas M. Rohrs sold 80,000 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $36.78, for a total value of $2,942,400.00. Following the completion of the transaction, the director now directly owns 93,764 shares of the company’s stock, valued at approximately $3,448,639.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Ichor news, Director Thomas M. Rohrs sold 80,000 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $36.78, for a total value of $2,942,400.00. Following the completion of the sale, the director now directly owns 93,764 shares in the company, valued at approximately $3,448,639.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Philip Ryan Sr. Barros sold 14,965 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $34.46, for a total value of $515,693.90. Following the completion of the sale, the chief technology officer now owns 57,485 shares of the company’s stock, valued at $1,980,933.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,552 shares of company stock valued at $3,478,017. 2.80% of the stock is owned by insiders.

About Ichor

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 systems and 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 chemical-mechanical planarization, electroplating, and cleaning.