Public Sector Pension Investment Board Has $2.35 Million Stock Holdings in Ichor Holdings, Ltd. $ICHR

Public Sector Pension Investment Board lifted its stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 15.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 133,910 shares of the technology company’s stock after purchasing an additional 17,632 shares during the period. Public Sector Pension Investment Board owned 0.39% of Ichor worth $2,346,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ICHR. The Manufacturers Life Insurance Company lifted its stake in Ichor by 5.7% in the second quarter. The Manufacturers Life Insurance Company now owns 12,447 shares of the technology company’s stock valued at $244,000 after buying an additional 666 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Ichor by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company’s stock valued at $444,000 after acquiring an additional 865 shares during the last quarter. Pinnacle Associates Ltd. raised its position in shares of Ichor by 0.3% in the 2nd quarter. Pinnacle Associates Ltd. now owns 386,542 shares of the technology company’s stock valued at $7,592,000 after acquiring an additional 1,099 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Ichor by 6.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 20,442 shares of the technology company’s stock valued at $401,000 after acquiring an additional 1,305 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new position in Ichor during the 2nd quarter worth approximately $27,000. 94.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Thomas M. Rohrs sold 53,908 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $45.48, for a total transaction of $2,451,735.84. Following the sale, the director owned 53,024 shares of the company’s stock, valued at $2,411,531.52. This represents a 50.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.90% of the company’s stock.

Ichor Trading Up 5.2%

Shares of Ichor stock opened at $50.35 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 stock has a market cap of $1.73 billion, a PE ratio of -32.69 and a beta of 1.88. Ichor Holdings, Ltd. has a 52-week low of $13.12 and a 52-week high of $50.50. The firm has a 50-day moving average of $28.98 and a 200-day moving average of $21.91.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. B. Riley Financial raised shares of Ichor from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 10th. Needham & Company LLC upped their price target on Ichor from $36.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Zacks Research upgraded shares of Ichor from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Oppenheimer raised their target price on shares of Ichor from $32.00 to $36.00 and gave the company a “market perform” rating in a research note on Tuesday, February 10th. Finally, DA Davidson lifted their price target on Ichor from $30.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ichor currently has a consensus rating of “Hold” and an average target price of $39.57.

About Ichor

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.