Deutsche Bank AG grew its holdings in shares of Ichor Holdings (NASDAQ:ICHR) by 49.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 89,285 shares of the technology company’s stock after buying an additional 29,370 shares during the quarter. Deutsche Bank AG’s holdings in Ichor were worth $2,195,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Ichor during the third quarter valued at approximately $107,000. Hershey Trust Co. bought a new position in Ichor in the fourth quarter worth approximately $111,000. Toronto Dominion Bank bought a new position in Ichor in the fourth quarter worth approximately $197,000. The Manufacturers Life Insurance Company bought a new position in Ichor in the second quarter worth approximately $180,000. Finally, Advisory Services Network LLC bought a new position in Ichor in the fourth quarter worth approximately $228,000. 71.22% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:ICHR opened at $23.15 on Friday. Ichor Holdings has a 52-week low of $17.76 and a 52-week high of $35.51. The company has a market capitalization of $551.34, a P/E ratio of 9.61 and a beta of 4.91. The company has a current ratio of 1.89, a quick ratio of 0.84 and a debt-to-equity ratio of 0.83.
Several brokerages recently issued reports on ICHR. BidaskClub raised Ichor from a “sell” rating to a “hold” rating in a research note on Friday, April 13th. Cowen reissued a “buy” rating on shares of Ichor in a research note on Thursday, February 15th. ValuEngine cut Ichor from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 2nd. Needham & Company LLC raised Ichor from a “buy” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a research note on Tuesday, February 13th. Finally, Stifel Nicolaus increased their price objective on Ichor from $36.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Ichor currently has an average rating of “Buy” and an average target price of $38.33.
In other Ichor news, insider Philip Ryan Sr. Barros sold 35,650 shares of the stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $25.47, for a total transaction of $908,005.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Jeff Andreson bought 4,800 shares of the company’s stock in a transaction on Thursday, March 8th. The shares were bought at an average cost of $27.53 per share, for a total transaction of $132,144.00. Following the transaction, the chief financial officer now directly owns 4,800 shares in the company, valued at approximately $132,144. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by company insiders.
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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