Ichor Holdings Ltd (ICHR) Shares Sold by AlphaOne Investment Services LLC

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AlphaOne Investment Services LLC decreased its position in Ichor Holdings Ltd (NASDAQ:ICHR) by 53.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,413 shares of the technology company’s stock after selling 95,820 shares during the period. Ichor makes up about 1.1% of AlphaOne Investment Services LLC’s portfolio, making the stock its 25th biggest holding. AlphaOne Investment Services LLC’s holdings in Ichor were worth $1,883,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Raymond James & Associates raised its stake in Ichor by 30.8% in the 4th quarter. Raymond James & Associates now owns 14,514 shares of the technology company’s stock worth $237,000 after acquiring an additional 3,416 shares during the last quarter. Financial Architects Inc acquired a new stake in Ichor during the 4th quarter worth about $41,000. Whittier Trust Co. grew its position in Ichor by 4.7% during the 1st quarter. Whittier Trust Co. now owns 29,803 shares of the technology company’s stock worth $673,000 after purchasing an additional 1,343 shares during the period. Epoch Investment Partners Inc. grew its position in Ichor by 3.8% during the 4th quarter. Epoch Investment Partners Inc. now owns 281,911 shares of the technology company’s stock worth $4,595,000 after purchasing an additional 10,419 shares during the period. Finally, Vanguard Group Inc. grew its position in Ichor by 33.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,552,282 shares of the technology company’s stock worth $31,698,000 after purchasing an additional 389,343 shares during the period. Institutional investors own 93.15% of the company’s stock.

NASDAQ:ICHR opened at $21.45 on Monday. Ichor Holdings Ltd has a 52 week low of $14.23 and a 52 week high of $27.06. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.01 and a current ratio of 2.27. The stock has a market cap of $480.03 million, a PE ratio of 7.69 and a beta of 2.84.

Ichor (NASDAQ:ICHR) last posted its earnings results on Tuesday, May 7th. The technology company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.06). Ichor had a net margin of 6.07% and a return on equity of 22.62%. The business had revenue of $137.80 million for the quarter, compared to analyst estimates of $135.39 million. During the same quarter last year, the business earned $1.03 earnings per share. Ichor’s revenue was down 46.6% on a year-over-year basis. As a group, analysts expect that Ichor Holdings Ltd will post 1.12 EPS for the current fiscal year.

Several brokerages have weighed in on ICHR. Northland Securities downgraded Ichor from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $22.00 to $25.00 in a research report on Wednesday, May 8th. Zacks Investment Research downgraded Ichor from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 14th. BidaskClub downgraded Ichor from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th. Cowen reaffirmed an “outperform” rating and set a $26.00 price target (up from $24.00) on shares of Ichor in a research report on Wednesday, May 8th. Finally, B. Riley began coverage on Ichor in a research report on Thursday, May 16th. They set a “buy” rating and a $32.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $28.00.

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About Ichor

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 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 electroplating and cleaning.

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Institutional Ownership by Quarter for Ichor (NASDAQ:ICHR)

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