Ichor (NASDAQ:ICHR) CEO Philip Ryan Sr. Barros Sells 21,000 Shares

Ichor Holdings, Ltd. (NASDAQ:ICHR) CEO Philip Ryan Sr. Barros sold 21,000 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $46.63, for a total value of $979,230.00. Following the completion of the transaction, the chief executive officer owned 153,936 shares in the company, valued at $7,178,035.68. The trade was a 12.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Ichor Trading Up 1.4%

Shares of ICHR stock traded up $0.65 during mid-day trading on Friday, reaching $47.55. 1,381,863 shares of the stock traded hands, compared to its average volume of 1,187,696. The company has a market cap of $1.65 billion, a price-to-earnings ratio of -30.88 and a beta of 1.89. The company has a quick ratio of 1.38, a current ratio of 3.16 and a debt-to-equity ratio of 0.18. Ichor Holdings, Ltd. has a 1-year low of $13.12 and a 1-year high of $55.33. The stock’s fifty day simple moving average is $32.27 and its two-hundred day simple moving average is $23.01.

Institutional Trading of Ichor

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Invesco Ltd. increased its holdings in shares of Ichor by 141.2% in the fourth quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock valued at $55,730,000 after purchasing an additional 1,770,425 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in Ichor in the 4th quarter worth about $252,000. Voloridge Investment Management LLC purchased a new stake in shares of Ichor during the fourth quarter worth $545,000. Tudor Investment Corp ET AL acquired a new stake in shares of Ichor in the fourth quarter valued at approximately $636,000. Finally, Numerai GP LLC raised its stake in Ichor by 28.4% during the fourth quarter. Numerai GP LLC now owns 36,227 shares of the technology company’s stock worth $668,000 after purchasing an additional 8,019 shares during the period. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Analysts Set New Price Targets

ICHR has been the topic of several research analyst reports. B. Riley Financial upgraded Ichor from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 10th. Stifel Nicolaus set a $30.00 price target on shares of Ichor in a research note on Tuesday, February 10th. DA Davidson raised their target price on Ichor from $30.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Wall Street Zen upgraded Ichor from a “strong sell” rating to a “hold” rating in a report on Sunday, February 15th. Finally, Oppenheimer lifted their price objective on Ichor from $32.00 to $36.00 and gave the company a “market perform” rating in a research note on Tuesday, February 10th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Ichor currently has an average rating of “Hold” and a consensus target price 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.