Ichor Holdings, Ltd. (NASDAQ:ICHR) Shares Purchased by Cwm LLC

Cwm LLC grew its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 134.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,617 shares of the technology company’s stock after purchasing an additional 2,077 shares during the quarter. Cwm LLC’s holdings in Ichor were worth $115,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Swedbank AB acquired a new stake in shares of Ichor in the first quarter valued at approximately $67,106,000. Hood River Capital Management LLC purchased a new stake in Ichor in the 1st quarter valued at $36,971,000. Westfield Capital Management Co. LP increased its stake in shares of Ichor by 162.9% in the 1st quarter. Westfield Capital Management Co. LP now owns 335,867 shares of the technology company’s stock worth $12,971,000 after acquiring an additional 208,117 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Ichor by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 2,841,622 shares of the technology company’s stock worth $109,743,000 after acquiring an additional 176,970 shares during the period. Finally, Millennium Management LLC acquired a new position in shares of Ichor during the 2nd quarter valued at about $6,382,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ichor Price Performance

Shares of ICHR stock opened at $27.54 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.91 and a current ratio of 4.27. The firm’s 50 day moving average price is $29.30 and its 200-day moving average price is $34.32. Ichor Holdings, Ltd. has a one year low of $22.26 and a one year high of $46.43.

Ichor (NASDAQ:ICHR) last announced its earnings results on Tuesday, August 6th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. Ichor had a negative return on equity of 2.56% and a negative net margin of 4.53%. The company had revenue of $203.23 million for the quarter, compared to analyst estimates of $197.75 million. On average, research analysts forecast that Ichor Holdings, Ltd. will post -0.17 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Needham & Company LLC cut their price objective on shares of Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. TD Cowen cut their price target on shares of Ichor from $48.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Oppenheimer started coverage on shares of Ichor in a research report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 price target on the stock. StockNews.com upgraded Ichor from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. Finally, DA Davidson assumed coverage on Ichor in a research note on Thursday, September 26th. They set a “buy” rating and a $50.00 target price for the company. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.29.

About Ichor

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.