Victory Capital Management Inc. Sells 5,641 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Victory Capital Management Inc. lowered its stake in Ichor Holdings, Ltd. (NASDAQ:ICHRFree Report) by 4.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,887 shares of the technology company’s stock after selling 5,641 shares during the period. Victory Capital Management Inc. owned approximately 0.43% of Ichor worth $3,867,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its position in shares of Ichor by 48.3% during the third quarter. Public Employees Retirement System of Ohio now owns 1,155 shares of the technology company’s stock worth $28,000 after purchasing an additional 376 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Ichor during the 2nd quarter worth $28,000. Signaturefd LLC raised its position in shares of Ichor by 207.2% in the 3rd quarter. Signaturefd LLC now owns 1,109 shares of the technology company’s stock valued at $34,000 after purchasing an additional 748 shares during the last quarter. UBS Group AG grew its holdings in shares of Ichor by 73.8% during the third quarter. UBS Group AG now owns 1,582 shares of the technology company’s stock valued at $39,000 after buying an additional 672 shares during the last quarter. Finally, Captrust Financial Advisors raised 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 worth $46,000 after purchasing an additional 898 shares during the last quarter. 89.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ICHR shares. StockNews.com downgraded shares of Ichor from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. TD Cowen increased their target price on Ichor from $31.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Needham & Company LLC upped their target price on shares of Ichor from $38.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.00.

View Our Latest Research Report on Ichor

Ichor Price Performance

ICHR stock opened at $41.20 on Friday. Ichor Holdings, Ltd. has a 52-week low of $22.26 and a 52-week high of $41.34. The business has a fifty day moving average of $32.96 and a two-hundred day moving average of $31.34. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of -28.03 and a beta of 2.01. The company has a quick ratio of 1.59, a current ratio of 3.90 and a debt-to-equity ratio of 0.48.

Ichor (NASDAQ:ICHRGet Free Report) last announced its quarterly earnings results on Monday, November 6th. The technology company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). Ichor had a negative net margin of 5.30% and a negative return on equity of 0.87%. The company had revenue of $196.76 million for the quarter, compared to analyst estimates of $192.70 million. As a group, research analysts anticipate that Ichor Holdings, Ltd. will post 0.44 earnings per share for the current year.

About Ichor

(Free Report)

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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Institutional Ownership by Quarter for Ichor (NASDAQ:ICHR)

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