Allspring Global Investments Holdings LLC Acquires New Stake in Ichor Holdings, Ltd. $ICHR

Allspring Global Investments Holdings LLC acquired a new stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,828 shares of the technology company’s stock, valued at approximately $323,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Ichor by 497.2% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,698,239 shares of the technology company’s stock valued at $29,753,000 after purchasing an additional 1,413,870 shares during the period. Invesco Ltd. grew its holdings in Ichor by 61.8% during the 3rd quarter. Invesco Ltd. now owns 1,253,457 shares of the technology company’s stock worth $21,961,000 after acquiring an additional 478,952 shares during the period. Millennium Management LLC grew its holdings in Ichor by 1,710.7% during the 3rd quarter. Millennium Management LLC now owns 855,011 shares of the technology company’s stock worth $14,980,000 after acquiring an additional 807,792 shares during the period. Alliancebernstein L.P. grew its holdings in Ichor by 2.0% during the 3rd quarter. Alliancebernstein L.P. now owns 812,815 shares of the technology company’s stock worth $14,241,000 after acquiring an additional 15,924 shares during the period. Finally, Kennedy Capital Management LLC grew its holdings in Ichor by 19.6% during the 3rd quarter. Kennedy Capital Management LLC now owns 738,120 shares of the technology company’s stock worth $12,932,000 after acquiring an additional 120,916 shares during the period. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Ichor Stock Performance

NASDAQ:ICHR opened at $57.50 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.38 and a current ratio of 3.16. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of -37.34 and a beta of 1.67. Ichor Holdings, Ltd. has a 52 week low of $13.12 and a 52 week high of $58.24. The firm has a 50-day moving average price of $45.38 and a two-hundred day moving average price of $29.32.

Insider Transactions at Ichor

In other Ichor news, CFO Greg Swyt sold 3,000 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $51.20, for a total value of $153,600.00. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Bruce Ragsdale sold 21,276 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $49.66, for a total transaction of $1,056,566.16. Following the completion of the sale, the chief operating officer owned 97,661 shares of the company’s stock, valued at approximately $4,849,845.26. This trade represents a 17.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 120,259 shares of company stock worth $5,689,250. Company insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Wall Street Zen upgraded Ichor from a “strong sell” rating to a “hold” rating in a report on Sunday, February 15th. Needham & Company LLC increased their price target on Ichor from $36.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ichor in a research report on Friday, March 27th. Oppenheimer increased their price objective on shares of Ichor from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 10th. Finally, B. Riley Financial raised shares of Ichor from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 10th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Ichor currently has an average rating of “Moderate Buy” and an average target price of $43.14.

Ichor Company 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.