Ichor Holdings, Ltd. (NASDAQ:ICHR) Shares Bought by Meros Investment Management LP

Meros Investment Management LP increased its stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 85.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 197,119 shares of the technology company’s stock after buying an additional 90,791 shares during the quarter. Ichor comprises 2.8% of Meros Investment Management LP’s portfolio, making the stock its 13th largest position. Meros Investment Management LP owned about 0.58% of Ichor worth $6,270,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Millennium Management LLC acquired a new position in Ichor in the 2nd quarter worth $6,382,000. Hood River Capital Management LLC lifted its stake in shares of Ichor by 15.8% in the second quarter. Hood River Capital Management LLC now owns 1,108,227 shares of the technology company’s stock worth $42,722,000 after acquiring an additional 150,933 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Ichor by 322.6% in the second quarter. Renaissance Technologies LLC now owns 164,400 shares of the technology company’s stock valued at $6,338,000 after purchasing an additional 125,500 shares during the last quarter. Royce & Associates LP grew its stake in Ichor by 20.8% during the 3rd quarter. Royce & Associates LP now owns 718,967 shares of the technology company’s stock valued at $22,870,000 after purchasing an additional 123,585 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its holdings in Ichor by 26.8% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 568,117 shares of the technology company’s stock worth $18,072,000 after purchasing an additional 120,133 shares during the last quarter. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Ichor Trading Down 2.1 %

Shares of NASDAQ:ICHR opened at $32.57 on Wednesday. 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 company’s 50-day moving average price is $30.76 and its 200 day moving average price is $32.77. The company has a market cap of $1.10 billion, a PE ratio of -35.02 and a beta of 1.93. Ichor Holdings, Ltd. has a fifty-two week low of $26.40 and a fifty-two week high of $46.43.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. The business had revenue of $211.14 million during the quarter, compared to the consensus estimate of $203.24 million. During the same period in the previous year, the firm posted ($0.09) earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. Sell-side analysts anticipate that Ichor Holdings, Ltd. will post -0.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Oppenheimer began coverage on Ichor in a research note on Wednesday, September 25th. They set a “market perform” rating and a $35.00 target price for the company. DA Davidson initiated coverage on shares of Ichor in a report on Thursday, September 26th. They set a “buy” rating and a $50.00 price objective for the company. StockNews.com upgraded shares of Ichor from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. TD Cowen lifted their price target on Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, B. Riley restated a “buy” rating and set a $38.00 price objective (up previously from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Ichor has an average rating of “Moderate Buy” and an average price target of $42.57.

About Ichor

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.