Paradigm Capital Management Inc. NY Purchases 689,500 Shares of Ichor Holdings, Ltd. (ICHR)
Paradigm Capital Management Inc. NY raised its position in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 76.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,596,100 shares of the technology company’s stock after purchasing an additional 689,500 shares during the quarter. Ichor Holdings makes up approximately 3.7% of Paradigm Capital Management Inc. NY’s investment portfolio, making the stock its 2nd largest holding. Paradigm Capital Management Inc. NY owned approximately 6.35% of Ichor Holdings worth $42,776,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in ICHR. Russell Investments Group Ltd. grew its position in shares of Ichor Holdings by 1,091.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 296,739 shares of the technology company’s stock worth $5,982,000 after buying an additional 271,836 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Ichor Holdings by 274.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 44,891 shares of the technology company’s stock worth $906,000 after buying an additional 32,905 shares during the period. Neuberger Berman Group LLC grew its position in shares of Ichor Holdings by 38.0% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,060,835 shares of the technology company’s stock worth $21,386,000 after buying an additional 292,351 shares during the period. Foundry Partners LLC acquired a new stake in shares of Ichor Holdings during the 3rd quarter worth approximately $7,822,000. Finally, Cadence Capital Management LLC acquired a new stake in shares of Ichor Holdings during the 2nd quarter worth approximately $1,007,000. 84.41% of the stock is owned by institutional investors and hedge funds.
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A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Ichor Holdings from a “hold” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a report on Friday, August 11th. Royal Bank Of Canada reiterated a “buy” rating and issued a $26.00 target price on shares of Ichor Holdings in a report on Friday, July 28th. Cowen and Company set a $25.00 target price on Ichor Holdings and gave the stock a “buy” rating in a report on Thursday, July 27th. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 target price on shares of Ichor Holdings in a report on Tuesday, September 19th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $26.00 target price (up from $24.00) on shares of Ichor Holdings in a report on Wednesday, August 9th. Six equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of $35.17.
In other Ichor Holdings news, CFO Maurice Eugene Carson sold 17,146 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $18.50, for a total transaction of $317,201.00. Following the transaction, the chief financial officer now directly owns 62,146 shares in the company, valued at approximately $1,149,701. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Thomas M. Rohrs sold 130,767 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $19.57, for a total value of $2,559,110.19. Following the transaction, the chief executive officer now owns 125,558 shares in the company, valued at $2,457,170.06. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,059,687 shares of company stock worth $20,436,566. Company insiders own 5.80% of the company’s stock.
Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) traded down $1.84 during trading hours on Friday, reaching $27.98. The company’s stock had a trading volume of 1,587,200 shares, compared to its average volume of 939,349. The company has a current ratio of 1.79, a quick ratio of 0.96 and a debt-to-equity ratio of 0.22. Ichor Holdings, Ltd. has a fifty-two week low of $9.76 and a fifty-two week high of $35.51. The company has a market cap of $702.75 and a PE ratio of 12.72.
Ichor Holdings (NASDAQ:ICHR) last issued its quarterly earnings data on Thursday, November 9th. The technology company reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62. Ichor Holdings had a return on equity of 34.76% and a net margin of 7.43%. The business had revenue of $164.50 million for the quarter, compared to analysts’ expectations of $165.16 million. Ichor Holdings’s revenue for the quarter was up 55.6% on a year-over-year basis. equities research analysts forecast that Ichor Holdings, Ltd. will post 2.4 earnings per share for the current year.
Ichor Holdings 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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