Ichor Holdings, Ltd. (NASDAQ:ICHR) Director Sells $72,050.00 in Stock

Ichor Holdings, Ltd. (NASDAQ:ICHRGet Rating) Director Iain Mackenzie sold 2,500 shares of Ichor stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $28.82, for a total value of $72,050.00. Following the completion of the transaction, the director now owns 15,364 shares of the company’s stock, valued at approximately $442,790.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of NASDAQ:ICHR opened at $28.69 on Thursday. The company has a quick ratio of 1.01, a current ratio of 2.37 and a debt-to-equity ratio of 0.55. Ichor Holdings, Ltd. has a 52-week low of $23.10 and a 52-week high of $58.75. The stock’s fifty day simple moving average is $31.75 and its 200-day simple moving average is $39.18. The company has a market capitalization of $821.39 million, a P/E ratio of 12.92 and a beta of 2.10.

Ichor (NASDAQ:ICHRGet Rating) last announced its quarterly earnings results on Tuesday, May 10th. The technology company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.20). The firm had revenue of $293.15 million for the quarter, compared to analyst estimates of $300.08 million. Ichor had a return on equity of 17.89% and a net margin of 5.71%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 earnings per share. On average, sell-side analysts anticipate that Ichor Holdings, Ltd. will post 3.75 earnings per share for the current year.

Several brokerages have recently issued reports on ICHR. DA Davidson decreased their price objective on Ichor from $75.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, May 11th. Cowen decreased their target price on Ichor from $50.00 to $41.00 in a research note on Wednesday, May 11th. StockNews.com started coverage on Ichor in a research note on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research lowered Ichor from a “buy” rating to a “hold” rating in a research report on Friday, May 13th. Finally, TheStreet lowered Ichor from a “b-” rating to a “c+” rating in a research report on Tuesday, May 10th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $44.00.

Institutional investors and hedge funds have recently modified their holdings of the stock. Pinnacle Associates Ltd. lifted its holdings in Ichor by 1,341.5% during the 1st quarter. Pinnacle Associates Ltd. now owns 371,679 shares of the technology company’s stock worth $13,239,000 after buying an additional 345,894 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Ichor by 45.1% during the 4th quarter. American Century Companies Inc. now owns 537,701 shares of the technology company’s stock worth $24,750,000 after acquiring an additional 167,103 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Ichor during the 4th quarter worth $6,947,000. Morgan Stanley boosted its position in shares of Ichor by 126.7% in the second quarter. Morgan Stanley now owns 258,045 shares of the technology company’s stock worth $13,883,000 after buying an additional 144,216 shares during the period. Finally, Paradigm Capital Management Inc. NY boosted its position in shares of Ichor by 20.6% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 674,232 shares of the technology company’s stock worth $31,034,000 after buying an additional 115,232 shares during the period. 86.95% of the stock is owned by hedge funds and other institutional investors.

Ichor Company Profile (Get Rating)

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising chemical-mechanical planarization, electroplating, and cleaning.

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