Rhumbline Advisers Has $493,000 Position in Ichor Holdings Ltd (ICHR)
Rhumbline Advisers boosted its stake in Ichor Holdings Ltd (NASDAQ:ICHR) by 44.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,242 shares of the technology company’s stock after buying an additional 7,202 shares during the quarter. Rhumbline Advisers’ holdings in Ichor were worth $493,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Engineers Gate Manager LP purchased a new stake in Ichor in the 2nd quarter valued at $202,000. Virginia Retirement Systems ET AL increased its position in shares of Ichor by 27.0% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 30,600 shares of the technology company’s stock valued at $649,000 after purchasing an additional 6,500 shares during the last quarter. Alps Advisors Inc. purchased a new stake in shares of Ichor during the 2nd quarter valued at $337,000. Kornitzer Capital Management Inc. KS increased its position in shares of Ichor by 20.2% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 61,300 shares of the technology company’s stock valued at $1,301,000 after purchasing an additional 10,300 shares during the last quarter. Finally, First Trust Advisors LP increased its position in shares of Ichor by 16.9% during the 2nd quarter. First Trust Advisors LP now owns 20,650 shares of the technology company’s stock valued at $438,000 after purchasing an additional 2,992 shares during the last quarter. 87.21% of the stock is owned by institutional investors and hedge funds.
Shares of Ichor stock opened at $21.31 on Friday. Ichor Holdings Ltd has a 1 year low of $18.76 and a 1 year high of $35.51. The firm has a market cap of $523.96 million, a PE ratio of 8.84 and a beta of 4.87. The company has a quick ratio of 1.00, a current ratio of 2.10 and a debt-to-equity ratio of 0.73.
ICHR has been the subject of several research analyst reports. Zacks Investment Research lowered Ichor from a “buy” rating to a “hold” rating in a research report on Tuesday, May 29th. ValuEngine lowered Ichor from a “hold” rating to a “sell” rating in a research report on Friday, June 8th. Stifel Nicolaus raised their target price on Ichor from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, June 18th. BidaskClub lowered Ichor from a “hold” rating to a “sell” rating in a research report on Tuesday, June 19th. Finally, Royal Bank of Canada decreased their target price on Ichor from $40.00 to $33.00 and set a “$20.46” rating for the company in a research report on Wednesday, July 18th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $37.00.
In other news, Director Iain Mackenzie sold 4,680 shares of the stock in a transaction on Monday, July 9th. The stock was sold at an average price of $22.13, for a total transaction of $103,568.40. Following the completion of the transaction, the director now owns 4,680 shares in the company, valued at approximately $103,568.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeff Andreson purchased 5,200 shares of the business’s stock in a transaction dated Monday, August 27th. The shares were purchased at an average price of $24.22 per share, with a total value of $125,944.00. Following the purchase, the chief financial officer now directly owns 10,000 shares in the company, valued at approximately $242,200. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by corporate insiders.
Ichor Company 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, the United Kingdom, Singapore, Malaysia, and South Korea. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices.
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