Timpani Capital Management LLC Takes $682,000 Position in Ichor Holdings, Ltd. (ICHR)

Timpani Capital Management LLC purchased a new position in Ichor Holdings, Ltd. (NASDAQ:ICHR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,844 shares of the technology company’s stock, valued at approximately $682,000. Timpani Capital Management LLC owned 0.14% of Ichor Holdings as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the company. Neuberger Berman Group LLC raised its holdings in shares of Ichor Holdings by 38.0% in the second quarter. Neuberger Berman Group LLC now owns 1,060,835 shares of the technology company’s stock worth $21,386,000 after buying an additional 292,351 shares during the period. Royce & Associates LP raised its holdings in shares of Ichor Holdings by 65.0% in the second quarter. Royce & Associates LP now owns 297,118 shares of the technology company’s stock worth $5,990,000 after buying an additional 117,043 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Ichor Holdings by 1,091.6% in the second quarter. Russell Investments Group Ltd. now owns 296,739 shares of the technology company’s stock worth $5,982,000 after buying an additional 271,836 shares during the period. Spark Investment Management LLC raised its holdings in shares of Ichor Holdings by 47.5% in the second quarter. Spark Investment Management LLC now owns 284,200 shares of the technology company’s stock worth $5,729,000 after buying an additional 91,500 shares during the period. Finally, Systematic Financial Management LP purchased a new stake in shares of Ichor Holdings in the second quarter worth approximately $3,509,000. Hedge funds and other institutional investors own 83.68% of the company’s stock.

In other Ichor Holdings news, insider Philip Ryan Sr. Barros sold 35,650 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $22.48, for a total transaction of $801,412.00. Following the transaction, the insider now directly owns 32,090 shares in the company, valued at $721,383.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Maurice Eugene Carson sold 17,300 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $22.42, for a total value of $387,866.00. Following the transaction, the chief financial officer now owns 57,300 shares in the company, valued at $1,284,666. The disclosure for this sale can be found here. Insiders have sold 6,518,447 shares of company stock worth $121,019,781 over the last 90 days. 5.80% of the stock is owned by insiders.

Ichor Holdings, Ltd. (ICHR) traded up 3.59% on Monday, reaching $23.38. The company’s stock had a trading volume of 60,216 shares. Ichor Holdings, Ltd. has a 52 week low of $9.76 and a 52 week high of $29.73. The firm has a market capitalization of $587.19 million and a price-to-earnings ratio of 13.44. The company has a 50 day moving average of $20.89 and a 200 day moving average of $20.57.

Ichor Holdings (NASDAQ:ICHR) last released its quarterly earnings results on Thursday, August 10th. The technology company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $159.70 million during the quarter, compared to the consensus estimate of $159.36 million. The business’s revenue was up 67.4% compared to the same quarter last year. On average, analysts forecast that Ichor Holdings, Ltd. will post $2.41 earnings per share for the current year.

ICHR has been the topic of several recent analyst reports. Stifel Nicolaus increased their price target on Ichor Holdings from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Monday, July 10th. Needham & Company LLC reiterated a “positive” rating and issued a $30.00 price target (up from $25.00) on shares of Ichor Holdings in a report on Monday, July 31st. Zacks Investment Research downgraded Ichor Holdings from a “strong-buy” rating to a “sell” rating in a report on Friday, July 7th. Cowen and Company reiterated an “outperform” rating and issued a $27.00 price target (up from $25.00) on shares of Ichor Holdings in a report on Wednesday, August 9th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $26.00 price target (up from $24.00) on shares of Ichor Holdings in a report on Wednesday, August 9th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $27.17.

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About Ichor Holdings

Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices.

Institutional Ownership by Quarter for Ichor Holdings (NASDAQ:ICHR)

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