PNC Financial Services Group Inc. Has $102,000 Holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR)

PNC Financial Services Group Inc. raised its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHRFree Report) by 39.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,042 shares of the technology company’s stock after buying an additional 854 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Ichor were worth $102,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. S Squared Technology LLC acquired a new position in shares of Ichor in the fourth quarter valued at $5,525,000. Westfield Capital Management Co. LP bought a new stake in Ichor in the fourth quarter valued at $4,296,000. Wellington Management Group LLP grew its position in Ichor by 68.5% in the fourth quarter. Wellington Management Group LLP now owns 291,389 shares of the technology company’s stock valued at $9,799,000 after acquiring an additional 118,498 shares during the period. First Eagle Investment Management LLC grew its position in Ichor by 36.5% in the fourth quarter. First Eagle Investment Management LLC now owns 425,398 shares of the technology company’s stock valued at $14,306,000 after acquiring an additional 113,691 shares during the period. Finally, Pinnacle Associates Ltd. grew its position in Ichor by 27.0% in the fourth quarter. Pinnacle Associates Ltd. now owns 498,955 shares of the technology company’s stock valued at $16,780,000 after acquiring an additional 105,934 shares during the period. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ICHR has been the topic of a number of analyst reports. StockNews.com upgraded Ichor from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. TD Cowen increased their target price on Ichor from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Needham & Company LLC restated a “hold” rating and set a $42.00 target price on shares of Ichor in a report on Wednesday, May 8th. Craig Hallum decreased their target price on Ichor from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Finally, Stifel Nicolaus increased their target price on Ichor from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Ichor has a consensus rating of “Moderate Buy” and a consensus price target of $46.60.

Check Out Our Latest Stock Analysis on Ichor

Ichor Price Performance

Ichor stock opened at $40.37 on Friday. The business’s 50-day simple moving average is $38.21 and its 200 day simple moving average is $38.10. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -22.81 and a beta of 1.94. Ichor Holdings, Ltd. has a 12-month low of $22.26 and a 12-month high of $46.43. The company has a quick ratio of 1.78, a current ratio of 4.16 and a debt-to-equity ratio of 0.18.

Ichor (NASDAQ:ICHRGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The firm had revenue of $201.38 million during the quarter, compared to the consensus estimate of $200.00 million. Ichor had a negative net margin of 6.61% and a negative return on equity of 2.93%. As a group, research analysts anticipate that Ichor Holdings, Ltd. will post -0.2 earnings per share for the current year.

Insider Buying and Selling at Ichor

In other Ichor news, CEO Jeff Andreson sold 21,400 shares of the stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $38.74, for a total value of $829,036.00. Following the transaction, the chief executive officer now owns 282,141 shares of the company’s stock, valued at $10,930,142.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.20% of the company’s stock.

About Ichor

(Free Report)

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.

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Institutional Ownership by Quarter for Ichor (NASDAQ:ICHR)

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