Ichor Holdings, Ltd. $ICHR Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 66.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 237,863 shares of the technology company’s stock after selling 461,648 shares during the period. JPMorgan Chase & Co. owned about 0.69% of Ichor worth $4,167,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC raised its position in Ichor by 497.2% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,698,239 shares of the technology company’s stock valued at $29,753,000 after purchasing an additional 1,413,870 shares in the last quarter. Millennium Management LLC grew its position in shares of Ichor by 1,710.7% during the third quarter. Millennium Management LLC now owns 855,011 shares of the technology company’s stock worth $14,980,000 after buying an additional 807,792 shares in the last quarter. Invesco Ltd. increased its stake in shares of Ichor by 61.8% during the third quarter. Invesco Ltd. now owns 1,253,457 shares of the technology company’s stock worth $21,961,000 after buying an additional 478,952 shares during the period. Ameriprise Financial Inc. raised its holdings in Ichor by 231.3% in the second quarter. Ameriprise Financial Inc. now owns 393,371 shares of the technology company’s stock valued at $7,726,000 after acquiring an additional 274,633 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Ichor by 42.0% in the second quarter. Alliancebernstein L.P. now owns 796,891 shares of the technology company’s stock valued at $15,651,000 after acquiring an additional 235,667 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Philip Ryan Sr. Barros sold 21,000 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $46.63, for a total value of $979,230.00. Following the transaction, the chief executive officer directly owned 153,936 shares of the company’s stock, valued at $7,178,035.68. This trade represents a 12.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Thomas M. Rohrs sold 53,908 shares of Ichor stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $45.48, for a total transaction of $2,451,735.84. Following the sale, the director owned 53,024 shares in the company, valued at $2,411,531.52. This represents a 50.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 120,259 shares of company stock worth $5,689,250. 1.90% of the stock is currently owned by company insiders.

Ichor Stock Performance

Shares of Ichor stock opened at $48.12 on Friday. The company has a quick ratio of 1.38, a current ratio of 3.16 and a debt-to-equity ratio of 0.18. Ichor Holdings, Ltd. has a 52 week low of $13.12 and a 52 week high of $55.33. The firm’s 50 day moving average is $43.26 and its two-hundred day moving average is $27.96. The firm has a market capitalization of $1.67 billion, a P/E ratio of -31.25 and a beta of 1.67.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Craig Hallum reiterated a “buy” rating and set a $36.00 price target on shares of Ichor in a report on Wednesday, January 14th. Wall Street Zen raised shares of Ichor from a “strong sell” rating to a “hold” rating in a research report on Sunday, February 15th. Needham & Company LLC boosted their target price on shares of Ichor from $36.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. DA Davidson raised their price target on Ichor from $30.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, B. Riley Financial upgraded Ichor from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 10th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Ichor presently has a consensus rating of “Moderate Buy” and an average target price of $43.14.

Ichor Company Profile

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.