Texas Permanent School Fund grew its holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR – Get Rating) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,693 shares of the technology company’s stock after purchasing an additional 552 shares during the quarter. Texas Permanent School Fund owned about 0.07% of Ichor worth $538,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in ICHR. Prospera Financial Services Inc acquired a new stake in shares of Ichor in the first quarter valued at about $25,000. Captrust Financial Advisors lifted its stake in shares of Ichor by 232.6% in the first quarter. Captrust Financial Advisors now owns 1,284 shares of the technology company’s stock valued at $46,000 after buying an additional 898 shares during the period. Ellevest Inc. lifted its stake in shares of Ichor by 29.6% in the second quarter. Ellevest Inc. now owns 2,379 shares of the technology company’s stock valued at $62,000 after buying an additional 543 shares during the period. KBC Group NV bought a new stake in shares of Ichor in the second quarter valued at about $62,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Ichor by 525.0% in the first quarter. Geneos Wealth Management Inc. now owns 2,500 shares of the technology company’s stock valued at $89,000 after buying an additional 2,100 shares during the period. 86.16% of the stock is owned by institutional investors and hedge funds.
Ichor Stock Performance
NASDAQ:ICHR opened at $28.07 on Tuesday. Ichor Holdings, Ltd. has a 1 year low of $21.03 and a 1 year high of $51.98. The firm has a 50 day moving average of $25.73 and a 200-day moving average of $28.06. The company has a current ratio of 2.61, a quick ratio of 1.19 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $808.50 million, a P/E ratio of 11.09 and a beta of 1.99.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on ICHR shares. Needham & Company LLC increased their target price on shares of Ichor from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, November 9th. B. Riley reduced their target price on shares of Ichor from $33.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, October 4th. DA Davidson reduced their target price on shares of Ichor to $36.00 in a research note on Tuesday, November 15th. StockNews.com assumed coverage on shares of Ichor in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Cowen cut their price target on shares of Ichor to $36.00 in a research note on Monday, August 15th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $35.00.
Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising chemical-mechanical planarization, electroplating, and cleaning.
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