Belpointe Asset Management LLC Buys Shares of 1,600 Ichor Holdings, Ltd. (NASDAQ:ICHR)

Belpointe Asset Management LLC bought a new stake in Ichor Holdings, Ltd. (NASDAQ:ICHR – Get Rating) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,600 shares of the technology company’s stock, valued at approximately $43,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Swiss National Bank grew its stake in shares of Ichor by 2.2% in the 4th quarter. Swiss National Bank now owns 69,400 shares of the technology company’s stock valued at $1,861,000 after purchasing an additional 1,500 shares during the last quarter. Arizona State Retirement System purchased a new stake in shares of Ichor in the fourth quarter valued at approximately $217,000. Handelsbanken Fonder AB purchased a new stake in shares of Ichor in the fourth quarter valued at approximately $215,000. Arete Wealth Advisors LLC purchased a new stake in shares of Ichor in the fourth quarter valued at approximately $84,203,890,000. Finally, Hodges Capital Management Inc. purchased a new stake in shares of Ichor in the fourth quarter valued at approximately $1,717,000. 83.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ICHR shares. TheStreet upgraded Ichor from a “c+” rating to a “b-” rating in a research note on Monday, March 20th. Cowen boosted their target price on Ichor from $32.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 8th. B. Riley boosted their target price on Ichor from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 8th. TD Cowen decreased their target price on Ichor from $40.00 to $33.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 10th. Finally, DA Davidson boosted their target price on Ichor from $31.00 to $40.00 in a research report on Wednesday, February 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $36.43.

Insider Transactions at Ichor

In other news, Director Marc Haugen sold 5,544 shares of the business’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $27.90, for a total value of $154,677.60. Following the completion of the transaction, the director now directly owns 25,948 shares of the company’s stock, valued at $723,949.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.

Ichor Stock Performance

NASDAQ ICHR opened at $29.18 on Thursday. Ichor Holdings, Ltd. has a fifty-two week low of $21.03 and a fifty-two week high of $39.73. The stock has a market cap of $847.85 million, a price-to-earnings ratio of 13.09 and a beta of 1.95. The business has a fifty day moving average of $29.23 and a 200-day moving average of $30.13. The company has a quick ratio of 1.68, a current ratio of 3.97 and a debt-to-equity ratio of 0.49.

Ichor (NASDAQ:ICHR – Get Rating) last released its quarterly earnings results on Tuesday, May 9th. The technology company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.10. Ichor had a return on equity of 14.63% and a net margin of 5.34%. The company had revenue of $225.87 million during the quarter, compared to analysts’ expectations of $225.00 million. As a group, analysts predict that Ichor Holdings, Ltd. will post 0.27 earnings per share for the current fiscal year.

About Ichor

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Ichor Holdings Ltd. engages in designing, engineering, and manufacturing fluid delivery subsystems for semiconductor capital equipment. It offers gas and chemical delivery systems, which are key elements of the process tools used in the manufacturing of semiconductor devices. The firm also manufactures precision machined components, weldments, and proprietary products for use in fluid delivery systems for direct sales to its customers.