Bank of New York Mellon Corp Decreases Stock Position in Ichor Holdings, Ltd. (NASDAQ:ICHR)

Bank of New York Mellon Corp lessened its stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 242,661 shares of the technology company’s stock after selling 1,158 shares during the quarter. Bank of New York Mellon Corp owned about 0.84% of Ichor worth $9,100,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in shares of Ichor by 62.2% during the 1st quarter. JPMorgan Chase & Co. now owns 207,864 shares of the technology company’s stock valued at $7,404,000 after buying an additional 79,674 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Ichor by 12.4% during the 1st quarter. Raymond James & Associates now owns 43,800 shares of the technology company’s stock valued at $1,560,000 after buying an additional 4,832 shares during the last quarter. Citigroup Inc. boosted its stake in shares of Ichor by 12.4% during the 1st quarter. Citigroup Inc. now owns 25,987 shares of the technology company’s stock valued at $926,000 after buying an additional 2,863 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Ichor by 9.5% during the 1st quarter. Bank of Montreal Can now owns 9,423 shares of the technology company’s stock valued at $358,000 after buying an additional 818 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Ichor by 6.0% during the 1st quarter. Rhumbline Advisers now owns 71,779 shares of the technology company’s stock valued at $2,557,000 after buying an additional 4,038 shares during the last quarter. Hedge funds and other institutional investors own 89.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ICHR. StockNews.com cut Ichor from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. TheStreet cut Ichor from a “b-” rating to a “c+” rating in a research note on Friday, August 11th. Stifel Nicolaus raised their price objective on Ichor from $37.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. Finally, Needham & Company LLC reduced their price objective on Ichor from $40.00 to $34.00 and set a “buy” rating on the stock in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.83.

Ichor Price Performance

Shares of NASDAQ ICHR opened at $25.16 on Friday. Ichor Holdings, Ltd. has a 1-year low of $22.26 and a 1-year high of $39.73. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.90 and a quick ratio of 1.59. The business’s fifty day moving average price is $27.98 and its two-hundred day moving average price is $31.87. The firm has a market capitalization of $739.20 million, a PE ratio of -43.38 and a beta of 2.01.

Insiders Place Their Bets

In other Ichor news, Director Thomas M. Rohrs sold 80,000 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $36.78, for a total value of $2,942,400.00. Following the sale, the director now directly owns 93,764 shares of the company’s stock, valued at $3,448,639.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CTO Philip Ryan Sr. Barros sold 14,965 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $34.46, for a total transaction of $515,693.90. Following the transaction, the chief technology officer now directly owns 57,485 shares of the company’s stock, valued at $1,980,933.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas M. Rohrs sold 80,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $36.78, for a total value of $2,942,400.00. Following the transaction, the director now directly owns 93,764 shares in the company, valued at $3,448,639.92. The disclosure for this sale can be found here. 2.80% of the stock is owned by corporate insiders.

About Ichor

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.