Hodges Capital Management Inc. Sells 27,940 Shares of Ichor Holdings Ltd (ICHR)

Hodges Capital Management Inc. cut its holdings in Ichor Holdings Ltd (NASDAQ:ICHR) by 61.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,550 shares of the technology company’s stock after selling 27,940 shares during the quarter. Hodges Capital Management Inc. owned about 0.08% of Ichor worth $396,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. boosted its stake in shares of Ichor by 121.1% in the 3rd quarter. BlackRock Inc. now owns 3,545,139 shares of the technology company’s stock valued at $72,393,000 after purchasing an additional 1,941,439 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Ichor by 33.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,552,282 shares of the technology company’s stock valued at $31,698,000 after purchasing an additional 389,343 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Ichor by 33.5% in the 3rd quarter. Vanguard Group Inc now owns 1,552,282 shares of the technology company’s stock valued at $31,698,000 after purchasing an additional 389,343 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Ichor by 9.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,270,371 shares of the technology company’s stock valued at $25,941,000 after purchasing an additional 111,717 shares in the last quarter. Finally, Impax Asset Management Group plc boosted its stake in shares of Ichor by 5.2% in the 4th quarter. Impax Asset Management Group plc now owns 801,837 shares of the technology company’s stock valued at $13,070,000 after purchasing an additional 39,948 shares in the last quarter. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Several equities research analysts have recently commented on the stock. BidaskClub downgraded shares of Ichor from a “buy” rating to a “hold” rating in a research note on Thursday. Northland Securities downgraded shares of Ichor from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $22.00 to $25.00 in a research report on Wednesday. Cowen reiterated an “outperform” rating and set a $26.00 price target (up previously from $24.00) on shares of Ichor in a research report on Wednesday. Zacks Investment Research upgraded shares of Ichor from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, ValuEngine upgraded shares of Ichor from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $27.43.

Shares of ICHR stock traded down $0.61 on Thursday, reaching $23.01. The company had a trading volume of 290,103 shares, compared to its average volume of 361,421. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.41 and a quick ratio of 1.03. The stock has a market cap of $558.80 million, a PE ratio of 8.25 and a beta of 2.84. Ichor Holdings Ltd has a 12 month low of $14.23 and a 12 month high of $27.48.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.06). Ichor had a net margin of 7.03% and a return on equity of 30.78%. The company had revenue of $137.80 million during the quarter, compared to the consensus estimate of $135.39 million. During the same period last year, the company earned $1.03 earnings per share. The business’s revenue was down 46.6% compared to the same quarter last year. As a group, research analysts anticipate that Ichor Holdings Ltd will post 1.56 earnings per share for the current year.

In other Ichor news, CTO Philip Ryan Sr. Barros sold 28,457 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $21.57, for a total transaction of $613,817.49. Following the completion of the transaction, the chief technology officer now owns 33,062 shares of the company’s stock, valued at approximately $713,147.34. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Kevin M. Canty sold 1,750 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $21.89, for a total value of $38,307.50. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.

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Ichor Profile

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising electroplating and cleaning.

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Institutional Ownership by Quarter for Ichor (NASDAQ:ICHR)

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