Natixis Advisors L.P. Purchases 10,669 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR)

Posted by on Aug 31st, 2023

Natixis Advisors L.P. grew its position in Ichor Holdings, Ltd. (NASDAQ:ICHR – Free Report) by 7.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,863 shares of the technology company’s stock after acquiring an additional 10,669 shares during the period. Natixis Advisors L.P. owned about 0.55% of Ichor worth $5,202,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ICHR. JPMorgan Chase & Co. grew its position in shares of Ichor by 62.2% in the 1st quarter. JPMorgan Chase & Co. now owns 207,864 shares of the technology company’s stock valued at $7,404,000 after acquiring an additional 79,674 shares during the period. Raymond James & Associates boosted its holdings in shares of Ichor by 12.4% during the 1st quarter. Raymond James & Associates now owns 43,800 shares of the technology company’s stock worth $1,560,000 after buying an additional 4,832 shares during the period. Citigroup Inc. boosted its holdings in shares of Ichor by 12.4% during the 1st quarter. Citigroup Inc. now owns 25,987 shares of the technology company’s stock worth $926,000 after buying an additional 2,863 shares during the period. Bank of Montreal Can lifted its position in Ichor by 9.5% during the first quarter. Bank of Montreal Can now owns 9,423 shares of the technology company’s stock worth $358,000 after acquiring an additional 818 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Ichor by 6.0% during the first quarter. Rhumbline Advisers now owns 71,779 shares of the technology company’s stock worth $2,557,000 after acquiring an additional 4,038 shares during the period. Institutional investors own 89.69% of the company’s stock.

Ichor Trading Up 3.0 %

Shares of ICHR stock opened at $36.44 on Thursday. The company has a current ratio of 4.25, a quick ratio of 1.75 and a debt-to-equity ratio of 0.49. The stock has a market cap of $1.07 billion, a P/E ratio of 46.72 and a beta of 1.98. The stock has a 50 day simple moving average of $35.65 and a 200 day simple moving average of $32.68. Ichor Holdings, Ltd. has a 1 year low of $21.03 and a 1 year high of $39.73.

Ichor (NASDAQ:ICHR – Get Free Report) last issued its quarterly earnings results on Tuesday, August 8th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.01). The company had revenue of $185.01 million during the quarter, compared to the consensus estimate of $180.03 million. Ichor had a net margin of 2.11% and a return on equity of 9.38%. On average, research analysts predict that Ichor Holdings, Ltd. will post 0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. TD Cowen reduced their price objective on Ichor from $40.00 to $33.00 and set an “outperform” rating for the company in a report on Wednesday, May 10th. B. Riley boosted their price objective on Ichor from $30.00 to $40.00 in a report on Monday, July 17th. StockNews.com cut Ichor from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. TheStreet cut Ichor from a “b-” rating to a “c+” rating in a report on Friday, August 11th. Finally, Stifel Nicolaus boosted their price objective on Ichor from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, August 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Ichor presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.83.

View Our Latest Stock Report on ICHR

Ichor Profile

(Free Report)

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 systems and 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.

Featured Articles

Institutional Ownership by Quarter for Ichor (NASDAQ:ICHR)

Receive News & Ratings for Ichor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ichor and related companies with MarketBeat.com's FREE daily email newsletter.