Monarch Partners Asset Management LLC Buys New Stake in Ichor Holdings Ltd (NASDAQ:ICHR)

Monarch Partners Asset Management LLC bought a new stake in Ichor Holdings Ltd (NASDAQ:ICHR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 18,670 shares of the technology company’s stock, valued at approximately $441,000. Monarch Partners Asset Management LLC owned approximately 0.08% of Ichor as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of ICHR. Ellis Investment Partners LLC purchased a new position in shares of Ichor in the first quarter valued at $77,000. Aperio Group LLC purchased a new position in shares of Ichor in the second quarter valued at $98,000. BNP Paribas Arbitrage SA grew its holdings in shares of Ichor by 75,966.7% in the first quarter. BNP Paribas Arbitrage SA now owns 4,564 shares of the technology company’s stock valued at $103,000 after purchasing an additional 4,558 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Ichor by 10.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 6,466 shares of the technology company’s stock valued at $153,000 after purchasing an additional 608 shares in the last quarter. Finally, Systematic Financial Management LP purchased a new position in shares of Ichor in the first quarter valued at $160,000. 93.90% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:ICHR traded up $0.75 on Thursday, hitting $21.01. 3,499 shares of the company’s stock were exchanged, compared to its average volume of 214,909. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.29 and a quick ratio of 2.29. The business’s 50 day simple moving average is $23.11 and its two-hundred day simple moving average is $22.85. The stock has a market capitalization of $470.79 million, a price-to-earnings ratio of 7.54 and a beta of 2.70. Ichor Holdings Ltd has a 12 month low of $14.23 and a 12 month high of $27.12.

Ichor (NASDAQ:ICHR) last released its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). The company had revenue of $139.20 million during the quarter, compared to analysts’ expectations of $138.31 million. Ichor had a return on equity of 12.97% and a net margin of 2.52%. The company’s revenue for the quarter was down 44.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.02 EPS. Equities analysts forecast that Ichor Holdings Ltd will post 0.9 EPS for the current fiscal year.

A number of research firms recently weighed in on ICHR. Zacks Investment Research lowered shares of Ichor from a “hold” rating to a “sell” rating in a report on Tuesday, July 23rd. Cowen reaffirmed an “outperform” rating and set a $26.00 price objective (up from $24.00) on shares of Ichor in a research note on Wednesday, May 8th. Stifel Nicolaus set a $31.00 price objective on shares of Ichor and gave the stock a “buy” rating in a research note on Wednesday, August 7th. B. Riley began coverage on shares of Ichor in a research note on Thursday, May 16th. They set a “buy” rating and a $32.00 price objective for the company. Finally, DA Davidson lowered shares of Ichor from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $32.00 to $25.00 in a research note on Monday, July 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $25.88.

Ichor Profile

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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