Insider Selling: Ichor (NASDAQ:ICHR) Director Sells 19,875 Shares of Stock

Ichor Holdings, Ltd. (NASDAQ:ICHR) Director Marc Haugen sold 19,875 shares of Ichor stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $49.71, for a total value of $987,986.25. Following the completion of the transaction, the director owned 26,085 shares of the company’s stock, valued at approximately $1,296,685.35. This represents a 43.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Ichor Price Performance

NASDAQ ICHR traded down $1.17 during trading hours on Wednesday, reaching $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 current ratio of 3.16 and a quick ratio of 1.38. Ichor Holdings, Ltd. has a 1-year low of $13.12 and a 1-year high of $55.33. The company’s 50-day moving average is $30.36 and its two-hundred day moving average is $22.41. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of -34.03 and a beta of 1.89.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ICHR shares. Oppenheimer boosted their price target on shares of Ichor from $32.00 to $36.00 and gave the stock a “market perform” rating in a report on Tuesday, February 10th. Wall Street Zen upgraded shares of Ichor from a “strong sell” rating to a “hold” rating in a research report on Sunday, February 15th. Craig Hallum restated a “buy” rating and set a $36.00 price target on shares of Ichor in a research report on Wednesday, January 14th. TD Cowen reaffirmed a “buy” rating on shares of Ichor in a research note on Tuesday, February 10th. Finally, Stifel Nicolaus set a $30.00 price objective on Ichor in a research note on Tuesday, February 10th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Ichor presently has an average rating of “Hold” and a consensus price target of $39.57.

Institutional Trading of Ichor

Several large investors have recently bought and sold shares of ICHR. JPMorgan Chase & Co. lifted its position in Ichor by 47.6% during the second quarter. JPMorgan Chase & Co. now owns 699,511 shares of the technology company’s stock worth $13,738,000 after buying an additional 225,738 shares in the last quarter. Rice Hall James & Associates LLC purchased a new stake in Ichor in the 3rd quarter valued at $3,877,000. Bank of New York Mellon Corp increased its stake in shares of Ichor by 143.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 515,638 shares of the technology company’s stock worth $10,127,000 after acquiring an additional 304,228 shares during the last quarter. CSM Advisors LLC purchased a new position in shares of Ichor during the 2nd quarter worth $2,866,000. Finally, Kennedy Capital Management LLC boosted its position in shares of Ichor by 12.1% during the 2nd quarter. Kennedy Capital Management LLC now owns 617,204 shares of the technology company’s stock valued at $12,122,000 after acquiring an additional 66,435 shares during the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

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.