Ichor Holdings, Ltd. (NASDAQ:ICHR) Shares Sold by IFP Advisors Inc

IFP Advisors Inc cut its position in Ichor Holdings, Ltd. (NASDAQ:ICHR – Get Rating) by 73.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,830 shares of the technology company’s stock after selling 5,000 shares during the quarter. IFP Advisors Inc’s holdings in Ichor were worth $47,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new position in Ichor during the 2nd quarter valued at $28,000. Public Employees Retirement System of Ohio raised its position in shares of Ichor by 48.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,155 shares of the technology company’s stock worth $28,000 after buying an additional 376 shares in the last quarter. Signaturefd LLC raised its position in shares of Ichor by 50.3% during the 3rd quarter. Signaturefd LLC now owns 1,174 shares of the technology company’s stock worth $28,000 after buying an additional 393 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Ichor by 232.6% in the 1st quarter. Captrust Financial Advisors now owns 1,284 shares of the technology company’s stock worth $46,000 after purchasing an additional 898 shares in the last quarter. Finally, UBS Group AG raised its holdings in shares of Ichor by 73.8% in the 3rd quarter. UBS Group AG now owns 1,582 shares of the technology company’s stock worth $39,000 after purchasing an additional 672 shares in the last quarter. 83.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Marc Haugen sold 5,544 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $27.90, for a total transaction of $154,677.60. Following the completion of the sale, the director now directly owns 25,948 shares of the company’s stock, valued at approximately $723,949.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Wendy Arienzo sold 7,899 shares of the firm’s stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $32.88, for a total transaction of $259,719.12. Following the completion of the transaction, the director now directly owns 8,924 shares of the company’s stock, valued at approximately $293,421.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Marc Haugen sold 5,544 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $27.90, for a total transaction of $154,677.60. Following the transaction, the director now directly owns 25,948 shares of the company’s stock, valued at $723,949.20. The disclosure for this sale can be found here. 2.80% of the stock is owned by company insiders.

Ichor Stock Performance

Shares of NASDAQ:ICHR opened at $29.73 on Thursday. The company has a market capitalization of $863.95 million, a price-to-earnings ratio of 13.33 and a beta of 1.95. The firm’s 50 day simple moving average is $29.16 and its 200 day simple moving average is $29.92. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.97 and a quick ratio of 1.68. Ichor Holdings, Ltd. has a fifty-two week low of $21.03 and a fifty-two week high of $39.73.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ICHR shares. Stifel Nicolaus dropped their target price on shares of Ichor from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Tuesday, April 18th. DA Davidson upped their target price on shares of Ichor from $31.00 to $40.00 in a research note on Wednesday, February 8th. TheStreet upgraded shares of Ichor from a “c+” rating to a “b-” rating in a research note on Monday, March 20th. B. Riley boosted their price target on shares of Ichor from $33.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, February 8th. Finally, Needham & Company LLC lowered their target price on shares of Ichor from $40.00 to $32.00 in a report on Wednesday, May 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.43.

Ichor Company Profile

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Ichor Holdings Ltd. engages in designing, engineering, and manufacturing fluid delivery subsystems for semiconductor capital equipment. It offers gas and chemical delivery systems, which are key elements of the process tools used in the manufacturing of semiconductor devices. The firm also manufactures precision machined components, weldments, and proprietary products for use in fluid delivery systems for direct sales to its customers.