Mutual of America Capital Management LLC Sells 101,151 Shares of Ichor Holdings, Ltd. $ICHR

Mutual of America Capital Management LLC trimmed its holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 86.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,002 shares of the technology company’s stock after selling 101,151 shares during the period. Mutual of America Capital Management LLC’s holdings in Ichor were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ICHR. ARGA Investment Management LP raised its holdings in Ichor by 19.7% in the 3rd quarter. ARGA Investment Management LP now owns 58,390 shares of the technology company’s stock valued at $1,023,000 after acquiring an additional 9,625 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Ichor in the third quarter worth $115,000. Rice Hall James & Associates LLC acquired a new position in Ichor in the third quarter valued at about $3,877,000. Central Pacific Bank Trust Division grew its stake in Ichor by 530.7% during the third quarter. Central Pacific Bank Trust Division now owns 12,040 shares of the technology company’s stock worth $211,000 after buying an additional 10,131 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Ichor during the second quarter worth about $27,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ICHR. Oppenheimer downgraded shares of Ichor from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $30.00 to $32.00 in a report on Tuesday, January 27th. Zacks Research upgraded Ichor from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. DA Davidson decreased their price target on Ichor from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. Craig Hallum reissued a “buy” rating and set a $36.00 price target on shares of Ichor in a report on Wednesday, January 14th. Finally, Needham & Company LLC raised Ichor from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Tuesday, January 20th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Ichor has an average rating of “Hold” and a consensus price target of $30.14.

Insider Activity

In other Ichor news, Director Iain Mackenzie purchased 10,000 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were bought at an average price of $14.53 per share, for a total transaction of $145,300.00. Following the completion of the acquisition, the director owned 130,011 shares in the company, valued at approximately $1,889,059.83. This trade represents a 8.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.90% of the company’s stock.

Ichor Stock Performance

NASDAQ:ICHR opened at $28.52 on Friday. The stock has a market cap of $980.52 million, a P/E ratio of -23.77 and a beta of 1.89. The company has a current ratio of 3.08, a quick ratio of 1.33 and a debt-to-equity ratio of 0.17. The stock’s 50-day moving average is $23.05 and its 200-day moving average is $20.00. Ichor Holdings, Ltd. has a 1-year low of $13.12 and a 1-year high of $35.56.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings data on Monday, November 3rd. The technology company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). Ichor had a negative net margin of 4.26% and a negative return on equity of 0.96%. The business had revenue of $239.30 million during the quarter, compared to the consensus estimate of $235.14 million. During the same quarter last year, the business earned $0.12 EPS. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. Equities research analysts anticipate that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

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.