Ichor (ICHR) Stock Price Up 6.5%

Ichor Holdings, Ltd. (NASDAQ:ICHR) rose 6.5% during mid-day trading on Monday . The company traded as high as $27.65 and last traded at $27.50. Approximately 1,195,700 shares changed hands during trading, an increase of 31% from the average daily volume of 911,900 shares. The stock had previously closed at $25.81.

ICHR has been the subject of a number of research reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $37.00 target price on shares of Ichor in a report on Friday, October 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 target price on shares of Ichor in a report on Tuesday, September 19th. Deutsche Bank reaffirmed a “buy” rating and set a $32.00 target price (up previously from $26.00) on shares of Ichor in a report on Tuesday, October 10th. Zacks Investment Research lowered shares of Ichor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 13th. Finally, Cowen reaffirmed an “outperform” rating and set a $40.00 target price (up previously from $38.00) on shares of Ichor in a report on Friday, November 10th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $34.17.

The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.99 and a current ratio of 2.03. The stock has a market cap of $680.15 and a PE ratio of 6.58.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Thursday, November 9th. The technology company reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62. The firm had revenue of $164.50 million for the quarter, compared to analysts’ expectations of $165.16 million. Ichor had a net margin of 7.43% and a return on equity of 32.99%. The company’s revenue was up 55.6% on a year-over-year basis. equities analysts forecast that Ichor Holdings, Ltd. will post 2.4 EPS for the current year.

In other news, Director Dipanjan Deb sold 6,287 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $30.12, for a total transaction of $189,364.44. Following the sale, the director now owns 20,000 shares of the company’s stock, valued at $602,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Maurice Eugene Carson sold 17,300 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $29.37, for a total transaction of $508,101.00. Following the sale, the chief financial officer now directly owns 52,922 shares in the company, valued at approximately $1,554,319.14. The disclosure for this sale can be found here. Insiders sold 207,304 shares of company stock worth $5,735,791 in the last ninety days. 5.80% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Hancock Holding Co. lifted its position in shares of Ichor by 1.2% during the second quarter. Hancock Holding Co. now owns 10,326 shares of the technology company’s stock worth $208,000 after purchasing an additional 126 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Ichor by 8.7% during the second quarter. Cubist Systematic Strategies LLC now owns 15,350 shares of the technology company’s stock worth $309,000 after buying an additional 1,231 shares during the period. Cadence Capital Management LLC increased its stake in shares of Ichor by 5.1% during the third quarter. Cadence Capital Management LLC now owns 52,489 shares of the technology company’s stock worth $1,407,000 after buying an additional 2,539 shares during the period. Royal Bank of Canada increased its stake in shares of Ichor by 38.2% during the second quarter. Royal Bank of Canada now owns 9,400 shares of the technology company’s stock worth $189,000 after buying an additional 2,600 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of Ichor by 22.6% during the third quarter. Rhumbline Advisers now owns 14,502 shares of the technology company’s stock worth $389,000 after buying an additional 2,675 shares during the period. 75.43% of the stock is currently owned by institutional investors and hedge funds.

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About Ichor

Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices.

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