Rhumbline Advisers grew its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 22.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,502 shares of the technology company’s stock after buying an additional 2,675 shares during the quarter. Rhumbline Advisers owned approximately 0.06% of Ichor worth $389,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. C M Bidwell & Associates Ltd. bought a new stake in shares of Ichor in the 2nd quarter valued at about $162,000. The Manufacturers Life Insurance Company bought a new stake in shares of Ichor in the 2nd quarter valued at about $180,000. Royal Bank of Canada raised its holdings in shares of Ichor by 38.2% in the 2nd quarter. Royal Bank of Canada now owns 9,400 shares of the technology company’s stock valued at $189,000 after purchasing an additional 2,600 shares during the period. Hancock Holding Co. raised its holdings in shares of Ichor by 1.2% in the 2nd quarter. Hancock Holding Co. now owns 10,326 shares of the technology company’s stock valued at $208,000 after purchasing an additional 126 shares during the period. Finally, BT Investment Management Ltd bought a new stake in shares of Ichor in the 2nd quarter valued at about $223,000. 75.49% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Dipanjan Deb sold 6,287 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $30.12, for a total value of $189,364.44. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $602,400. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Iain Mackenzie sold 11,690 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $26.72, for a total transaction of $312,356.80. Following the completion of the transaction, the director now owns 11,690 shares in the company, valued at approximately $312,356.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 240,974 shares of company stock worth $6,653,367. 5.80% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on ICHR. Zacks Investment Research cut shares of Ichor from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $30.00 target price on shares of Ichor in a report on Tuesday, September 19th. Cowen upped their target price on shares of Ichor from $27.00 to $38.00 and gave the company an “outperform” rating in a report on Wednesday, October 18th. Deutsche Bank reaffirmed a “buy” rating and issued a $32.00 target price (up from $26.00) on shares of Ichor in a report on Tuesday, October 10th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $37.00 target price on shares of Ichor in a report on Friday, October 20th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Ichor has a consensus rating of “Buy” and a consensus target price of $35.17.

Ichor Holdings, Ltd. (NASDAQ:ICHR) opened at $23.83 on Friday. Ichor Holdings, Ltd. has a 52 week low of $10.15 and a 52 week high of $35.51. The company has a market cap of $606.71 and a PE ratio of 10.78. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.34.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Thursday, November 9th. The technology company reported $0.62 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.62. Ichor had a net margin of 7.43% and a return on equity of 32.99%. The business had revenue of $164.50 million for the quarter, compared to analyst estimates of $165.16 million. The business’s revenue for the quarter was up 55.6% on a year-over-year basis. equities analysts forecast that Ichor Holdings, Ltd. will post 2.4 earnings per share for the current year.

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About Ichor

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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Institutional Ownership by Quarter for Ichor (NASDAQ:ICHR)

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