Mutual of America Capital Management LLC Has $280,000 Stock Holdings in Ichor Holdings, Ltd. $ICHR

Mutual of America Capital Management LLC reduced its stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 86.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,002 shares of the technology company’s stock after selling 101,151 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Ichor were worth $280,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in shares of Ichor by 27.7% in the 1st quarter. Royal Bank of Canada now owns 9,891 shares of the technology company’s stock worth $224,000 after purchasing an additional 2,146 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Ichor by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company’s stock worth $444,000 after buying an additional 865 shares during the last quarter. Jane Street Group LLC raised its stake in Ichor by 286.0% during the first quarter. Jane Street Group LLC now owns 53,277 shares of the technology company’s stock worth $1,205,000 after buying an additional 39,476 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Ichor by 8.2% in the second quarter. State of Alaska Department of Revenue now owns 20,304 shares of the technology company’s stock valued at $398,000 after buying an additional 1,542 shares during the period. Finally, Janney Montgomery Scott LLC bought a new stake in Ichor during the second quarter valued at $924,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

Insiders Place Their Bets

In other news, Director Iain Mackenzie acquired 10,000 shares of the business’s stock in a transaction on Monday, November 17th. The shares were purchased at an average cost of $14.53 per share, with a total value of $145,300.00. Following the acquisition, the director directly owned 130,011 shares of the company’s stock, valued at $1,889,059.83. The trade was a 8.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ICHR. Craig Hallum reissued a “buy” rating and issued a $36.00 price objective on shares of Ichor in a research report on Wednesday, January 14th. Needham & Company LLC upgraded Ichor from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Tuesday, January 20th. B. Riley boosted their price target on Ichor from $19.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, January 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ichor in a research report on Monday, December 29th. Finally, Oppenheimer lowered shares of Ichor from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $30.00 to $32.00 in a research note on Tuesday, January 27th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Ichor has an average rating of “Hold” and a consensus price target of $30.14.

Ichor Trading Up 1.8%

ICHR opened at $28.52 on Friday. Ichor Holdings, Ltd. has a fifty-two week low of $13.12 and a fifty-two week high of $35.56. The firm has a market capitalization of $980.52 million, a PE ratio of -23.77 and a beta of 1.89. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.08 and a quick ratio of 1.33. The company’s 50-day moving average is $23.05 and its 200 day moving average is $20.00.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings data on Monday, November 3rd. The technology company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). Ichor had a negative return on equity of 0.96% and a negative net margin of 4.26%.The company had revenue of $239.30 million for the quarter, compared to the consensus estimate of $235.14 million. During the same period in the prior year, the firm posted $0.12 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, research analysts predict that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current fiscal year.

Ichor Profile

Ichor Holdings Ltd. is a global supplier of critical subsystems used in the fabrication of semiconductor devices. The company specializes in the design, engineering and manufacturing of gas delivery systems, vacuum pumps and abatement solutions that manage process gases and by-products in wafer-processing tools. Its modular subsystems are designed to integrate with lithography, etch, deposition and cleaning equipment, helping to ensure precise control of gas flow, pressure and purity throughout the chip-manufacturing cycle.

Founded in the mid-1980s and headquartered in Fremont, California, Ichor has expanded its footprint across Asia, Europe and North America.