Ichor Holdings, Ltd. $ICHR Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. cut its holdings in shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) by 9.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,174 shares of the technology company’s stock after selling 11,011 shares during the period. Polar Asset Management Partners Inc.’s holdings in Ichor were worth $1,773,000 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 business. Newbridge Financial Services Group Inc. acquired a new stake in Ichor in the 2nd quarter valued at approximately $27,000. Danske Bank A S acquired a new position in Ichor during the 3rd quarter valued at about $28,000. Tower Research Capital LLC TRC increased its stake in Ichor by 380.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,624 shares of the technology company’s stock valued at $71,000 after buying an additional 2,870 shares during the period. SG Americas Securities LLC bought a new stake in shares of Ichor during the 3rd quarter worth about $115,000. Finally, Royal Bank of Canada lifted its stake 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 acquiring an additional 2,146 shares during the period. 94.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Ichor from a “strong sell” rating to a “hold” rating in a report on Sunday, February 15th. Stifel Nicolaus raised Ichor from a “hold” rating to a “buy” rating and boosted their target price for the stock from $30.00 to $55.00 in a report on Tuesday. Needham & Company LLC upped their target price on Ichor from $36.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ichor in a research note on Monday, December 29th. Finally, Craig Hallum reiterated a “buy” rating and set a $36.00 price target on shares of Ichor in a research report on Wednesday, January 14th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.14.

Ichor Stock Performance

NASDAQ:ICHR opened at $51.12 on Friday. The company has a 50-day moving average of $39.22 and a 200-day moving average of $25.62. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of -33.19 and a beta of 1.76. The company has a current ratio of 3.16, a quick ratio of 1.38 and a debt-to-equity ratio of 0.18. Ichor Holdings, Ltd. has a twelve month low of $13.12 and a twelve month high of $55.33.

Insider Buying and Selling at Ichor

In related news, CEO Philip Ryan Sr. Barros sold 21,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $46.63, for a total transaction of $979,230.00. Following the completion of the sale, the chief executive officer directly owned 153,936 shares in the company, valued at approximately $7,178,035.68. This trade represents a 12.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Bruce Ragsdale sold 21,276 shares of Ichor stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $49.66, for a total transaction of $1,056,566.16. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 120,259 shares of company stock valued at $5,689,250. Corporate insiders own 1.90% 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.