Insider Selling: Ichor (NASDAQ:ICHR) CEO Sells $979,230.00 in Stock

Ichor Holdings, Ltd. (NASDAQ:ICHR) CEO Philip Ryan Sr. Barros sold 21,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $46.63, for a total transaction of $979,230.00. Following the completion of the sale, the chief executive officer directly owned 153,936 shares in the company, valued at $7,178,035.68. This represents a 12.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Ichor Price Performance

Shares of NASDAQ:ICHR opened at $47.55 on Monday. The company’s fifty day moving average price is $32.27 and its 200-day moving average price is $23.07. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.16 and a quick ratio of 1.38. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of -30.88 and a beta of 1.76. Ichor Holdings, Ltd. has a one year low of $13.12 and a one year high of $55.33.

Institutional Trading of Ichor

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Linden Thomas Advisory Services LLC increased its position in Ichor by 0.8% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 50,702 shares of the technology company’s stock valued at $934,000 after purchasing an additional 398 shares during the period. Hantz Financial Services Inc. increased its position in shares of Ichor by 64.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock valued at $28,000 after buying an additional 590 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Ichor by 5.7% during the second quarter. The Manufacturers Life Insurance Company now owns 12,447 shares of the technology company’s stock valued at $244,000 after buying an additional 666 shares during the period. AQR Capital Management LLC raised its stake in Ichor by 0.6% in the fourth quarter. AQR Capital Management LLC now owns 134,194 shares of the technology company’s stock worth $2,473,000 after buying an additional 817 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Ichor by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company’s stock worth $444,000 after buying an additional 865 shares during the period. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. TD Cowen reiterated a “buy” rating on shares of Ichor in a report on Tuesday, February 10th. DA Davidson upped their target price on Ichor from $30.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Wall Street Zen raised shares of Ichor from a “strong sell” rating to a “hold” rating in a research note on Sunday, February 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a report on Monday, December 29th. Finally, Stifel Nicolaus set a $30.00 price objective on shares of Ichor in a research note on Tuesday, February 10th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $39.57.

About Ichor

Ichor Holdings Ltd. is a global supplier of critical subsystems used in the fabrication of semiconductor devices. The company specializes in the design, engineering and manufacturing of gas delivery systems, vacuum pumps and abatement solutions that manage process gases and by-products in wafer-processing tools. Its modular subsystems are designed to integrate with lithography, etch, deposition and cleaning equipment, helping to ensure precise control of gas flow, pressure and purity throughout the chip-manufacturing cycle.

Founded in the mid-1980s and headquartered in Fremont, California, Ichor has expanded its footprint across Asia, Europe and North America.