Systematic Financial Management LP Takes $3.51 Million Position in Ichor Holdings, Ltd. (ICHR)

Systematic Financial Management LP purchased a new position in Ichor Holdings, Ltd. (NASDAQ:ICHR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 174,045 shares of the technology company’s stock, valued at approximately $3,509,000. Systematic Financial Management LP owned about 0.70% of Ichor Holdings at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Neuberger Berman Group LLC boosted its stake in Ichor Holdings by 38.0% in the 2nd 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 last quarter. Royce & Associates LP boosted its stake in Ichor Holdings by 65.0% in the 2nd 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 last quarter. Russell Investments Group Ltd. boosted its stake in Ichor Holdings by 1,091.6% in the 2nd 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 last quarter. Spark Investment Management LLC boosted its stake in Ichor Holdings by 47.5% in the 2nd 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 last quarter. Finally, AlphaOne Investment Services LLC boosted its stake in Ichor Holdings by 1.2% in the 1st quarter. AlphaOne Investment Services LLC now owns 162,059 shares of the technology company’s stock worth $3,214,000 after buying an additional 1,859 shares during the last quarter. 83.68% of the stock is currently owned by hedge funds and other institutional investors.

Ichor Holdings, Ltd. (NASDAQ ICHR) opened at 23.65 on Wednesday. The stock has a 50 day moving average price of $23.62 and a 200 day moving average price of $19.48. Ichor Holdings, Ltd. has a 1-year low of $9.81 and a 1-year high of $23.84. The firm has a market capitalization of $593.97 million and a price-to-earnings ratio of 13.60.

Ichor Holdings (NASDAQ:ICHR) last issued its 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 analysts’ expectations of $159.36 million. The company’s quarterly revenue was up 67.4% on a year-over-year basis. Analysts predict that Ichor Holdings, Ltd. will post $2.41 EPS for the current year.

In other Ichor Holdings news, Director Dipanjan Deb sold 5,423,692 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $18.50, for a total value of $100,338,302.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Philip Ryan Sr. Barros sold 35,650 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $22.48, for a total value of $801,412.00. Following the completion of the transaction, the insider now owns 32,090 shares in the company, valued at approximately $721,383.20. The disclosure for this sale can be found here. Insiders sold 6,518,447 shares of company stock worth $121,019,781 in the last 90 days. Corporate insiders own 5.80% of the company’s stock.

Several equities analysts have recently weighed in on ICHR shares. Needham & Company LLC reaffirmed a “positive” rating and issued a $30.00 price objective (up from $25.00) on shares of Ichor Holdings in a research note on Monday, July 31st. Cowen and Company set a $25.00 price objective on Ichor Holdings and gave the company a “buy” rating in a research note on Thursday, July 27th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Ichor Holdings in a research note on Friday, June 16th. Stifel Nicolaus lifted their price objective on Ichor Holdings from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Monday, July 10th. Finally, Zacks Investment Research lowered Ichor Holdings from a “strong-buy” rating to a “sell” rating in a research note on Friday, July 7th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $27.17.

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Ichor Holdings Company Profile

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.

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

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