Ichor Holdings, Ltd. (ICHR) Stake Boosted by Neuberger Berman Group LLC
Neuberger Berman Group LLC lifted its position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 38.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,060,835 shares of the technology company’s stock after purchasing an additional 292,351 shares during the quarter. Neuberger Berman Group LLC owned 4.28% of Ichor Holdings worth $21,386,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in ICHR. Acadian Asset Management LLC bought a new position in shares of Ichor Holdings during the first quarter worth $2,275,000. Bank of New York Mellon Corp bought a new position in shares of Ichor Holdings during the first quarter worth $376,000. Hodges Capital Management Inc. bought a new position in shares of Ichor Holdings during the first quarter worth $1,487,000. Insight Capital Research & Management Inc. bought a new position in shares of Ichor Holdings during the first quarter worth $937,000. Finally, Paradigm Capital Management Inc. NY bought a new position in shares of Ichor Holdings during the first quarter worth $666,000. 83.68% of the stock is currently owned by institutional investors.
ICHR has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Ichor Holdings from a “strong-buy” rating to a “sell” rating in a research report on Friday, July 7th. Stifel Nicolaus raised their price objective on shares of Ichor Holdings from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Monday, July 10th. Cowen and Company set a $25.00 price objective on shares of Ichor Holdings and gave the stock a “buy” rating in a report on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating and set a $24.00 price objective on shares of Ichor Holdings in a report on Friday, June 16th. Finally, Needham & Company LLC restated a “positive” rating and set a $30.00 price objective (up from $25.00) on shares of Ichor Holdings in a report on Monday, July 31st. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Ichor Holdings currently has a consensus rating of “Buy” and a consensus price target of $27.17.
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Shares of Ichor Holdings, Ltd. (NASDAQ ICHR) opened at 22.53 on Thursday. Ichor Holdings, Ltd. has a one year low of $9.76 and a one year high of $29.73. The company’s 50 day moving average is $20.93 and its 200-day moving average is $20.53. The firm has a market capitalization of $565.84 million and a price-to-earnings ratio of 12.96.
Ichor Holdings (NASDAQ:ICHR) last issued its earnings results on Thursday, August 10th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The company had revenue of $159.70 million for the quarter, compared to analyst estimates of $159.36 million. The business’s revenue for the quarter was up 67.4% compared to the same quarter last year. Equities analysts expect that Ichor Holdings, Ltd. will post $2.41 EPS for the current year.
In other Ichor Holdings news, insider Maurice Eugene Carson sold 51,438 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $18.50, for a total value of $951,603.00. Following the transaction, the insider now directly owns 96,438 shares of the company’s stock, valued at $1,784,103. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dipanjan Deb sold 5,423,692 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $18.50, for a total transaction of $100,338,302.00. The disclosure for this sale can be found here. Insiders sold 6,518,447 shares of company stock worth $121,019,781 over the last ninety days. Insiders own 5.80% of the company’s stock.
Ichor Holdings Company Profile
Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices.
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