Tectonic Advisors LLC Raises Holdings in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Tectonic Advisors LLC raised its position in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 6.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 35,593 shares of the technology company’s stock after purchasing an additional 2,132 shares during the period. Tectonic Advisors LLC owned 0.11% of Ichor worth $1,147,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in Ichor by 136.2% during the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock worth $34,000 after buying an additional 625 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Ichor by 214.6% during the 3rd quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock worth $40,000 after acquiring an additional 854 shares during the period. Quarry LP boosted its position in shares of Ichor by 80.4% during the 3rd quarter. Quarry LP now owns 1,566 shares of the technology company’s stock valued at $50,000 after acquiring an additional 698 shares during the last quarter. KBC Group NV grew its holdings in shares of Ichor by 83.5% in the fourth quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock valued at $67,000 after purchasing an additional 949 shares during the period. Finally, CWM LLC increased its position in Ichor by 134.9% during the third quarter. CWM LLC now owns 3,617 shares of the technology company’s stock worth $115,000 after purchasing an additional 2,077 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. TD Cowen decreased their target price on shares of Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Needham & Company LLC reiterated a “hold” rating on shares of Ichor in a report on Wednesday. Finally, B. Riley reissued a “buy” rating and set a $38.00 target price (up previously from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Ichor presently has a consensus rating of “Moderate Buy” and an average price target of $42.29.

Ichor Stock Up 14.4 %

Shares of NASDAQ ICHR opened at $32.28 on Thursday. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $31.33 and its two-hundred day moving average is $30.60. Ichor Holdings, Ltd. has a 52-week low of $25.95 and a 52-week high of $46.43. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -34.71 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.14). Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. Research analysts predict that Ichor Holdings, Ltd. will post -0.28 EPS for the current year.

Ichor Company 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.