Insider Selling: Ichor Holdings, Ltd. (ICHR) Director Sells 4,690 Shares of Stock

Ichor Holdings, Ltd. (NASDAQ:ICHR) Director Iain Mackenzie sold 4,690 shares of the business’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $26.10, for a total transaction of $122,409.00. Following the completion of the sale, the director now owns 4,690 shares of the company’s stock, valued at $122,409. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Ichor Holdings, Ltd. (NASDAQ ICHR) traded down $0.16 during mid-day trading on Wednesday, reaching $26.14. 1,053,700 shares of the company were exchanged, compared to its average volume of 989,817. Ichor Holdings, Ltd. has a fifty-two week low of $12.72 and a fifty-two week high of $35.51. The company has a market capitalization of $654.05 and a price-to-earnings ratio of 6.25. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.03 and a quick ratio of 0.99.

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

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $37.00 target price on shares of Ichor in a research report on Friday, October 20th. Deutsche Bank reaffirmed a “buy” rating and set a $32.00 target price (up previously from $26.00) on shares of Ichor in a research report on Tuesday, October 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 target price on shares of Ichor in a research report on Tuesday, September 19th. Zacks Investment Research raised shares of Ichor from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research report on Thursday, October 12th. Finally, Cowen reaffirmed an “outperform” rating and set a $40.00 target price (up previously from $38.00) on shares of Ichor in a research report on Friday, November 10th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $34.17.

Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in Ichor in the 3rd quarter valued at $107,000. C M Bidwell & Associates Ltd. bought a new stake in Ichor in the 2nd quarter valued at $162,000. The Manufacturers Life Insurance Company bought a new stake in Ichor in the 2nd quarter valued at $180,000. Royal Bank of Canada increased its holdings in Ichor by 38.2% in the 2nd quarter. Royal Bank of Canada now owns 9,400 shares of the technology company’s stock valued at $189,000 after buying an additional 2,600 shares during the period. Finally, Hancock Holding Co. increased its holdings in Ichor by 1.2% in the 2nd quarter. Hancock Holding Co. now owns 10,326 shares of the technology company’s stock valued at $208,000 after buying an additional 126 shares during the period. 75.43% of the stock is currently owned by hedge funds and other institutional investors.

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Ichor Company Profile

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.

Insider Buying and Selling by Quarter for Ichor (NASDAQ:ICHR)

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