Harbor Capital Advisors Inc. Boosts Position in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Harbor Capital Advisors Inc. grew its holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 105.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,642 shares of the technology company’s stock after acquiring an additional 20,351 shares during the period. Harbor Capital Advisors Inc. owned about 0.12% of Ichor worth $1,261,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Quarry LP boosted its holdings in Ichor by 99.5% in the second quarter. Quarry LP now owns 868 shares of the technology company’s stock valued at $33,000 after purchasing an additional 433 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Ichor by 136.2% in the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock worth $34,000 after buying an additional 625 shares during the last quarter. Signaturefd LLC grew its holdings in Ichor by 214.6% during the third quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock worth $40,000 after acquiring an additional 854 shares during the period. CWM LLC raised its position in Ichor by 50.5% during the second quarter. CWM LLC now owns 1,540 shares of the technology company’s stock valued at $59,000 after acquiring an additional 517 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new position in Ichor in the first quarter valued at approximately $225,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ICHR. Oppenheimer initiated coverage on shares of Ichor in a report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 target price for the company. DA Davidson started coverage on shares of Ichor in a report on Thursday, September 26th. They issued a “buy” rating and a $50.00 price objective for the company. TD Cowen increased their target price on shares of Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday. Needham & Company LLC cut their price target on Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, B. Riley reiterated a “buy” rating and set a $38.00 price target (up previously from $36.00) on shares of Ichor in a research report on Tuesday. Two equities 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.57.

Ichor Price Performance

Shares of Ichor stock opened at $31.50 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.27 and a quick ratio of 1.91. The business has a 50 day simple moving average of $28.90 and a two-hundred day simple moving average of $33.76. The stock has a market capitalization of $1.06 billion, a P/E ratio of -33.87 and a beta of 1.91. Ichor Holdings, Ltd. has a 12 month low of $22.26 and a 12 month high of $46.43.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Ichor had a negative return on equity of 2.56% and a negative net margin of 4.53%. The company had revenue of $211.14 million for the quarter, compared to analyst estimates of $203.24 million. During the same quarter last year, the firm posted ($0.09) EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, analysts predict that Ichor Holdings, Ltd. will post -0.17 EPS for the current fiscal year.

Ichor Profile

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.