Whittier Trust Co. Buys New Stake in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Whittier Trust Co. bought a new position in Ichor Holdings, Ltd. (NASDAQ:ICHR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,054 shares of the technology company’s stock, valued at approximately $485,000. Whittier Trust Co. owned about 0.10% of Ichor Holdings as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Bank of Montreal Can bought a new position in shares of Ichor Holdings during the second quarter worth approximately $3,020,000. Symmetry Peak Management LLC bought a new position in shares of Ichor Holdings during the first quarter worth approximately $397,000. Geode Capital Management LLC raised its position in shares of Ichor Holdings by 538.3% in the first quarter. Geode Capital Management LLC now owns 70,649 shares of the technology company’s stock worth $1,400,000 after buying an additional 59,581 shares during the period. TIAA CREF Investment Management LLC bought a new position in shares of Ichor Holdings during the first quarter worth approximately $219,000. Finally, Spark Investment Management LLC raised its position in shares of Ichor Holdings by 982.6% in the first quarter. Spark Investment Management LLC now owns 192,700 shares of the technology company’s stock worth $3,821,000 after buying an additional 174,900 shares during the period. 68.53% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ichor Holdings, Ltd. (NASDAQ ICHR) traded up 6.65% during trading on Friday, reaching $20.36. 846,392 shares of the company traded hands. Ichor Holdings, Ltd. has a 52 week low of $9.76 and a 52 week high of $29.73. The firm’s 50 day moving average price is $20.87 and its 200-day moving average price is $20.09. The company has a market capitalization of $505.05 million and a price-to-earnings ratio of 10.96.

Ichor Holdings (NASDAQ:ICHR) last announced its earnings results on Thursday, August 10th. The technology company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.60 by $0.02. The company had revenue of $159.70 million for the quarter, compared to analysts’ expectations of $159.36 million. The company’s quarterly revenue was up 67.4% compared to the same quarter last year. Equities analysts anticipate that Ichor Holdings, Ltd. will post $2.41 EPS for the current fiscal year.

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A number of brokerages have recently commented on ICHR. Zacks Investment Research raised shares of Ichor Holdings from a “hold” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a research report on Friday, August 11th. Cowen and Company reaffirmed an “outperform” rating and set a $27.00 target price (up from $25.00) on shares of Ichor Holdings in a research report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $27.00 target price (up from $26.00) on shares of Ichor Holdings in a research report on Wednesday, August 9th. Deutsche Bank AG reissued a “buy” rating and set a $26.00 price objective (up from $24.00) on shares of Ichor Holdings in a report on Wednesday, August 9th. Finally, Stifel Nicolaus lifted their price objective on shares of Ichor Holdings from $26.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Ichor Holdings has an average rating of “Buy” and a consensus price target of $27.17.

In other Ichor Holdings news, CEO Thomas M. Rohrs sold 130,767 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $19.57, for a total value of $2,559,110.19. Following the sale, the chief executive officer now directly owns 125,558 shares of the company’s stock, valued at approximately $2,457,170.06. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Maurice Eugene Carson sold 17,300 shares of the stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $25.83, for a total transaction of $446,859.00. Following the completion of the sale, the chief financial officer now directly owns 91,709 shares in the company, valued at $2,368,843.47. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,693,447 shares of company stock worth $105,936,058. Insiders own 5.80% of the company’s stock.

Ichor Holdings Company Profile

Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices.

Institutional Ownership by Quarter for Ichor Holdings (NASDAQ:ICHR)

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