Morgan Stanley Buys 992 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)


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Morgan Stanley boosted its stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,516 shares of the technology company’s stock after purchasing an additional 992 shares during the period. Morgan Stanley owned about 0.29% of Ichor worth $1,435,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. American International Group Inc. increased its position in Ichor by 2.6% in the 2nd quarter. American International Group Inc. now owns 15,715 shares of the technology company’s stock valued at $418,000 after acquiring an additional 391 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in Ichor by 6.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 13,563 shares of the technology company’s stock valued at $293,000 after acquiring an additional 807 shares during the period. California State Teachers Retirement System increased its position in Ichor by 2.7% in the 2nd quarter. California State Teachers Retirement System now owns 34,134 shares of the technology company’s stock valued at $907,000 after acquiring an additional 893 shares during the period. Hodges Capital Management Inc. increased its position in shares of Ichor by 9.1% during the third quarter. Hodges Capital Management Inc. now owns 12,000 shares of the technology company’s stock worth $259,000 after buying an additional 1,000 shares during the period. Finally, Globeflex Capital L P increased its position in shares of Ichor by 10.2% during the third quarter. Globeflex Capital L P now owns 10,952 shares of the technology company’s stock worth $236,000 after buying an additional 1,010 shares during the period. 72.31% of the stock is owned by institutional investors and hedge funds.

ICHR opened at $37.02 on Thursday. The company has a market capitalization of $862.01 million, a price-to-earnings ratio of 29.62 and a beta of 2.37. The company has a quick ratio of 1.27, a current ratio of 2.20 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $32.67 and a 200-day moving average price of $27.74. Ichor Holdings, Ltd. has a twelve month low of $13.68 and a twelve month high of $39.83.

Ichor (NASDAQ:ICHR) last announced its earnings results on Monday, November 2nd. The technology company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.02. Ichor had a net margin of 3.34% and a return on equity of 17.61%. The business had revenue of $227.68 million during the quarter, compared to analyst estimates of $182.45 million. During the same period in the previous year, the business posted $0.30 earnings per share. Ichor’s revenue for the quarter was up 47.4% on a year-over-year basis. On average, sell-side analysts expect that Ichor Holdings, Ltd. will post 2.01 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Ichor from $38.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday. They noted that the move was a valuation call. Stifel Nicolaus upgraded shares of Ichor from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Sunday, September 20th. ValuEngine upgraded shares of Ichor from a “sell” rating to a “hold” rating in a research report on Monday, November 2nd. B. Riley restated a “buy” rating and issued a $50.00 price target (up from $43.00) on shares of Ichor in a report on Tuesday. Finally, BidaskClub upgraded shares of Ichor from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $38.13.

In related news, COO Kevin M. Canty sold 1,500 shares of the company’s stock in a transaction on Wednesday, January 6th. The shares were sold at an average price of $33.56, for a total transaction of $50,340.00. Following the completion of the sale, the chief operating officer now directly owns 59,935 shares in the company, valued at approximately $2,011,418.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Philip Ryan Sr. Barros sold 44,279 shares of the company’s stock in a transaction on Friday, November 13th. The shares were sold at an average price of $27.77, for a total transaction of $1,229,627.83. Following the sale, the chief technology officer now owns 65,691 shares of the company’s stock, valued at $1,824,239.07. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.

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 chemical-mechanical planarization, electroplating, and cleaning.

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Institutional Ownership by Quarter for Ichor (NASDAQ:ICHR)

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