Ichor (NASDAQ:ICHR) COO Bruce Ragsdale Sells 21,276 Shares

Ichor Holdings, Ltd. (NASDAQ:ICHR) COO Bruce Ragsdale sold 21,276 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $49.66, for a total transaction of $1,056,566.16. Following the transaction, the chief operating officer owned 97,661 shares in the company, valued at approximately $4,849,845.26. This trade represents a 17.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Ichor Stock Performance

ICHR traded down $5.66 on Thursday, reaching $46.75. 149,409 shares of the stock were exchanged, compared to its average volume of 1,150,769. The company’s 50-day moving average price is $31.08 and its 200 day moving average price is $22.62. The firm has a market capitalization of $1.62 billion, a PE ratio of -30.05 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. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.16 and a quick ratio of 1.38.

Institutional Trading of Ichor

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Linden Thomas Advisory Services LLC grew its stake in Ichor by 0.8% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 50,702 shares of the technology company’s stock valued at $934,000 after acquiring an additional 398 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Ichor by 64.8% in the fourth quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock valued at $28,000 after purchasing an additional 590 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Ichor by 5.7% in the second quarter. The Manufacturers Life Insurance Company now owns 12,447 shares of the technology company’s stock valued at $244,000 after purchasing an additional 666 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Ichor by 0.6% in the fourth quarter. AQR Capital Management LLC now owns 134,194 shares of the technology company’s stock valued at $2,473,000 after purchasing an additional 817 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Ichor by 4.6% during the 1st 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 in the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ICHR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ichor in a research note on Monday, December 29th. Craig Hallum reaffirmed a “buy” rating and set a $36.00 target price on shares of Ichor in a report on Wednesday, January 14th. Needham & Company LLC boosted their target price on shares of Ichor from $36.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Wall Street Zen upgraded Ichor from a “strong sell” rating to a “hold” rating in a report on Sunday, February 15th. Finally, DA Davidson raised their price target on shares of Ichor from $30.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $39.57.

Ichor Company 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.