Hodges Capital Management Inc. Increases Stock Position in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Hodges Capital Management Inc. grew its holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,920 shares of the technology company’s stock after purchasing an additional 1,600 shares during the quarter. Hodges Capital Management Inc. owned approximately 0.42% of Ichor worth $5,355,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Ichor by 6.6% during the first quarter. Vanguard Group Inc. now owns 2,841,622 shares of the technology company’s stock valued at $109,743,000 after buying an additional 176,970 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Ichor by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,764,749 shares of the technology company’s stock worth $59,350,000 after purchasing an additional 56,725 shares during the period. Swedbank AB acquired a new stake in shares of Ichor during the first quarter worth $67,106,000. Hood River Capital Management LLC purchased a new stake in shares of Ichor in the first quarter valued at $36,971,000. Finally, First Eagle Investment Management LLC increased its stake in Ichor by 36.5% in the fourth quarter. First Eagle Investment Management LLC now owns 425,398 shares of the technology company’s stock valued at $14,306,000 after purchasing an additional 113,691 shares during the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

Ichor Stock Performance

ICHR stock traded down $0.04 during trading on Wednesday, reaching $28.68. 34,144 shares of the company’s stock were exchanged, compared to its average volume of 309,735. Ichor Holdings, Ltd. has a 1-year low of $22.26 and a 1-year high of $46.43. The company has a quick ratio of 1.91, a current ratio of 4.27 and a debt-to-equity ratio of 0.18. The firm has a market cap of $960.06 million, a PE ratio of -16.23 and a beta of 1.94. The company’s fifty day moving average price is $34.28 and its 200-day moving average price is $37.32.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Tuesday, August 6th. The technology company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. Ichor had a negative return on equity of 2.56% and a negative net margin of 4.53%. The business had revenue of $203.23 million for the quarter, compared to the consensus estimate of $197.75 million. On average, research analysts expect that Ichor Holdings, Ltd. will post -0.22 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Craig Hallum lowered their target price on shares of Ichor from $55.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. TD Cowen dropped their price objective on Ichor from $48.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. StockNews.com upgraded Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Finally, Needham & Company LLC dropped their price target on Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.60.

Ichor Profile

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.