Barrow Hanley Mewhinney & Strauss LLC Has $29.75 Million Position in Ichor Holdings, Ltd. $ICHR

Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 497.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,698,239 shares of the technology company’s stock after buying an additional 1,413,870 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 4.94% of Ichor worth $29,753,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ICHR. Bank of New York Mellon Corp increased its stake in shares of Ichor by 143.9% during the second quarter. Bank of New York Mellon Corp now owns 515,638 shares of the technology company’s stock worth $10,127,000 after purchasing an additional 304,228 shares during the period. Ameriprise Financial Inc. grew its holdings in Ichor by 231.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 393,371 shares of the technology company’s stock valued at $7,726,000 after buying an additional 274,633 shares in the last quarter. Alliancebernstein L.P. increased its position in Ichor by 42.0% during the 2nd quarter. Alliancebernstein L.P. now owns 796,891 shares of the technology company’s stock worth $15,651,000 after buying an additional 235,667 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Ichor by 47.6% during the second quarter. JPMorgan Chase & Co. now owns 699,511 shares of the technology company’s stock worth $13,738,000 after buying an additional 225,738 shares in the last quarter. Finally, Rice Hall James & Associates LLC bought a new stake in shares of Ichor in the third quarter valued at about $3,877,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ICHR. Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a research report on Monday, December 29th. Oppenheimer increased their price target on Ichor from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 10th. Stifel Nicolaus set a $30.00 target price on Ichor in a research report on Tuesday, February 10th. Zacks Research raised Ichor from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Finally, B. Riley Financial raised shares of Ichor from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 10th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $39.57.

Ichor Stock Performance

NASDAQ:ICHR opened at $44.83 on Thursday. The company has a quick ratio of 1.38, a current ratio of 3.16 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $1.55 billion, a PE ratio of -29.11 and a beta of 1.76. Ichor Holdings, Ltd. has a twelve month low of $13.12 and a twelve month high of $55.33. The stock’s 50-day simple moving average is $36.37 and its 200 day simple moving average is $24.51.

Insider Activity at Ichor

In other news, Director Marc Haugen sold 19,875 shares of Ichor stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $49.71, for a total transaction of $987,986.25. Following the sale, the director directly owned 26,085 shares of the company’s stock, valued at approximately $1,296,685.35. This trade represents a 43.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Greg Swyt sold 3,000 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $51.20, for a total value of $153,600.00. Following the sale, the chief financial officer owned 78,679 shares in the company, valued at approximately $4,028,364.80. This trade represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 120,259 shares of company stock worth $5,689,250 over the last 90 days. 1.90% of the stock is currently owned by company insiders.

Ichor Profile

Ichor Holdings Ltd. is a global supplier of critical subsystems used in the fabrication of semiconductor devices. The company specializes in the design, engineering and manufacturing of gas delivery systems, vacuum pumps and abatement solutions that manage process gases and by-products in wafer-processing tools. Its modular subsystems are designed to integrate with lithography, etch, deposition and cleaning equipment, helping to ensure precise control of gas flow, pressure and purity throughout the chip-manufacturing cycle.

Founded in the mid-1980s and headquartered in Fremont, California, Ichor has expanded its footprint across Asia, Europe and North America.