Epoch Investment Partners Inc. has recently made a significant move in the technology industry by acquiring a new position in Ichor Holdings, Ltd. The institutional investor purchased 21,752 shares of Ichor’s stock during the first quarter, amounting to approximately $712,000 in value. This acquisition represents about 0.07% ownership of Ichor for Epoch Investment Partners Inc.
Ichor, listed on the NASDAQ exchange under the ticker symbol ICHR, is a technology company that specializes in providing critical fluid delivery subsystems for semiconductor capital equipment manufacturers. Their solutions enable the safe and precise transport of chemicals and gases used in the semiconductor manufacturing process.
On September 9, 2023, it was reported that Ichor released its latest earnings results for the quarter ended August 8th. The company disclosed an earnings per share (EPS) figure of ($0.12), falling short of analysts’ consensus estimates by ($0.01). However, despite this marginal miss, Ichor achieved revenue of $185.01 million during the quarter, surpassing the consensus estimate of $180.03 million.
It is worth noting that Ichor demonstrated a return on equity (ROE) of 9.38% and a net margin of 2.11%, showcasing their ability to generate profit relative to shareholders’ equity and their operational efficiency respectively.
Looking forward, equities research analysts forecast that Ichor Holdings, Ltd. will post an EPS of 0.14 for the current year.
This recent development indicates Epoch Investment Partners Inc.’s confidence in Ichor’s potential within the technology sector as they have strategically chosen to invest in this particular company. It also highlights Epoch Investment Partners Inc.’s recognition of Ichor’s long-term prospects and growth opportunities.
As always, it is important for investors and market participants to conduct thorough analysis before making any investment decisions within the ever-evolving technology industry.
For more insights and comprehensive analysis on Ichor Holdings, Ltd. and the technology sector, readers are encouraged to check out the latest research provided by industry experts.
Ichor Holdings, Ltd.
ICHR
Strong Buy
Updated on: 10/09/2023
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Ownership Changes and Insider Transactions Impact Ichor Holdings’ Stock
September 9, 2023: Ichor Holdings, Ltd. has recently seen some significant changes in its ownership as several institutional investors and hedge funds have modified their holdings of the stock. Public Employees Retirement System of Ohio increased its stake in shares of Ichor by 48.3% in the third quarter, now owning 1,155 shares valued at $28,000 after acquiring an additional 376 shares. AQR Capital Management LLC also increased its position in Ichor by 5.3% during the second quarter, now holding 10,131 shares valued at $263,000 after acquiring an additional 507 shares.
Furthermore, SummerHaven Investment Management LLC raised its position in Ichor by 1.8% during the first quarter and now owns 30,147 shares valued at $987,000 after acquiring an additional 531 shares. Raymond James & Associates also saw a slight increase of 1.3% in their position during the fourth quarter and currently holds 41,425 shares valued at $1,111,000 after acquiring an additional 533 shares. Finally, Royal Bank of Canada increased its position by 4.3% during the third quarter and now owns 14,084 shares valued at $340,000 after acquiring an additional 578 shares.
The cumulative data shows that approximately 89.69% of Ichor stock is owned by hedge funds and other institutional investors.
On Friday’s opening bell, Ichor stock started at $32.54 per share. The company’s one-year low was recorded at $21.03 while its one-year high reached $39.73. Notably, it had a fifty-day moving average price of $35.54 and a two-hundred-day moving average price of $32.70.
With a debt-to-equity ratio of 0.49 and current ratio of 4.25 along with a quick ratio of 1.75, Ichor Holdings, Ltd. exhibits a strong financial position. The company has a market capitalization of $953.42 million, a P/E ratio of 41.72, and a beta of 1.96.
In recent news, Director Thomas M. Rohrs made a significant sale transaction on Thursday, August 31st, selling 80,000 shares at an average price of $36.78 per share for a total value of $2,942,400.00. Following this transaction, he now holds 93,764 shares valued at $3,448,639.92.
Additional insider transactions include CTO Philip Ryan Sr. Barros selling 14,965 shares on Wednesday, September 6th at an average price of $34.46 per share for a total value of $515,693.90. As a result of this sale, Barros now directly owns 57,485 shares valued at $1,9805e+06.
It is important to note that insiders have sold approximately 95-552 shares over the past three months with a total value surpassing $3-478-017 as reported by the Securities & Exchange Commission (SEC). Insiders currently own approximately 2-80%gesdff89v Merchandise credit worthr0t476363265309 percent of the stock.
Furthermore,jhf few brokerage firms have recently analyzed and provided ratings for Ichor Holdings’ stock performance.
TheStreet downgraded Ichor from “b-” to “c+”. This was followed by Needham & Company LLC decreasing their price target on Ichor from $42-00 to $40-00 and setting it as a “buy” rating.
StockNews.com upgraded Ichor’s rating from “sell” to “hold”. B- Riley also raised the target price from$30-00 to around $40:. Additionally! Stifel Nicolaus increased their target price from $37-00 to $40-00 and gave the stock a “buy” rating. Currently, Ichor holds an average rating of “Moderate Buy” with a consensus price target of almost $38.83.
As investors and market analysts continue to assess Ichor Holdings’ performance, these recent developments may influence future investment decisions and shape customer perceptions.
