Rhumbline Advisers Purchases 7,669 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Rhumbline Advisers lifted its stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 8.4% in the second quarter, HoldingsChannel.com reports. The firm owned 99,197 shares of the technology company’s stock after purchasing an additional 7,669 shares during the quarter. Rhumbline Advisers’ holdings in Ichor were worth $3,824,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Jones Financial Companies Lllp acquired a new stake in Ichor during the 4th quarter worth $41,000. CWM LLC grew its holdings in shares of Ichor by 50.5% in the 2nd quarter. CWM LLC now owns 1,540 shares of the technology company’s stock valued at $59,000 after buying an additional 517 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Ichor by 39.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the technology company’s stock valued at $102,000 after buying an additional 854 shares during the period. ProShare Advisors LLC acquired a new position in shares of Ichor in the 1st quarter valued at $225,000. Finally, Summit Global Investments bought a new stake in Ichor in the 2nd quarter valued at $246,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ICHR shares. TD Cowen cut their price objective on shares of Ichor from $48.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. StockNews.com raised shares of Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Finally, Needham & Company LLC decreased their price target on shares of Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.60.

Ichor Stock Performance

Shares of NASDAQ:ICHR opened at $28.33 on Tuesday. The company’s 50 day moving average price is $32.25 and its two-hundred day moving average price is $36.36. Ichor Holdings, Ltd. has a 12-month low of $22.26 and a 12-month high of $46.43. The firm has a market cap of $954.44 million, a PE ratio of -16.01 and a beta of 1.91. The company has a quick ratio of 1.91, a current ratio of 4.27 and a debt-to-equity ratio of 0.18.

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, topping analysts’ consensus estimates of ($0.09) by $0.02. Ichor had a negative net margin of 4.53% and a negative return on equity of 2.56%. The company had revenue of $203.23 million during the quarter, compared to the consensus estimate of $197.75 million. Equities research analysts predict that Ichor Holdings, Ltd. will post -0.22 earnings per share 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.