Insider Selling: Ichor (NASDAQ:ICHR) Director Sells 1,200 Shares of Stock

Ichor Holdings, Ltd. (NASDAQ:ICHR) Director Jorge Titinger sold 1,200 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $50.11, for a total transaction of $60,132.00. Following the transaction, the director directly owned 13,969 shares of the company’s stock, valued at approximately $699,986.59. This represents a 7.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ichor Stock Performance

Shares of NASDAQ:ICHR traded down $1.17 during midday trading on Wednesday, hitting $52.41. The company’s stock had a trading volume of 1,120,761 shares, compared to its average volume of 1,179,529. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.38 and a current ratio of 3.16. The stock’s 50 day simple moving average is $30.36 and its 200 day simple moving average is $22.41. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of -34.03 and a beta of 1.89. Ichor Holdings, Ltd. has a fifty-two week low of $13.12 and a fifty-two week high of $55.33.

Hedge Funds Weigh In On Ichor

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its position in shares of Ichor by 27.7% during the 1st quarter. Royal Bank of Canada now owns 9,891 shares of the technology company’s stock valued at $224,000 after acquiring an additional 2,146 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 purchasing an additional 865 shares during the period. Jane Street Group LLC lifted 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 purchasing an additional 39,476 shares during the period. CWM LLC boosted its holdings in Ichor by 105.6% during the second quarter. CWM LLC now owns 4,532 shares of the technology company’s stock valued at $89,000 after purchasing an additional 2,328 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Ichor by 1,060.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,753 shares of the technology company’s stock valued at $34,000 after purchasing an additional 1,602 shares during the period. 94.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Zacks Research upgraded Ichor from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Oppenheimer upped their target price on shares of Ichor from $32.00 to $36.00 and gave the company a “market perform” rating in a research note on Tuesday, February 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a research report on Monday, December 29th. Craig Hallum restated a “buy” rating and set a $36.00 price objective on shares of Ichor in a report on Wednesday, January 14th. Finally, Needham & Company LLC upped their price objective on shares of Ichor from $36.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Ichor presently has an average rating of “Hold” and a consensus target price of $39.57.

About Ichor

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.