Insider Buying: Ichor Holdings Ltd (ICHR) CFO Acquires 4,800 Shares of Stock

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Ichor Holdings Ltd (NASDAQ:ICHR) CFO Jeff Andreson purchased 4,800 shares of the stock in a transaction on Thursday, March 8th. The shares were acquired at an average cost of $27.53 per share, for a total transaction of $132,144.00. Following the transaction, the chief financial officer now owns 4,800 shares of the company’s stock, valued at $132,144. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

NASDAQ:ICHR traded down $0.43 during trading hours on Friday, reaching $23.24. 643,600 shares of the company were exchanged, compared to its average volume of 1,505,458. The company has a market capitalization of $629.07, a P/E ratio of 9.64 and a beta of 4.91. Ichor Holdings Ltd has a 1-year low of $16.82 and a 1-year high of $35.51. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.89 and a quick ratio of 0.84.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.68 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.68. The business had revenue of $182.94 million for the quarter, compared to the consensus estimate of $183.06 million. Ichor had a return on equity of 33.93% and a net margin of 7.83%. sell-side analysts anticipate that Ichor Holdings Ltd will post 3.56 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in Ichor during the third quarter worth approximately $107,000. Hershey Trust Co. acquired a new stake in Ichor during the fourth quarter worth approximately $111,000. Toronto Dominion Bank bought a new stake in Ichor during the fourth quarter worth $197,000. Dynamic Technology Lab Private Ltd bought a new stake in Ichor during the third quarter worth $228,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Ichor during the second quarter worth $180,000. 70.52% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently commented on ICHR. Zacks Investment Research downgraded Ichor from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. BidaskClub downgraded Ichor from a “hold” rating to a “sell” rating in a research report on Friday, March 30th. ValuEngine raised Ichor from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $42.00 target price (up previously from $36.00) on shares of Ichor in a research report on Friday, January 19th. Finally, Deutsche Bank upped their target price on Ichor to $38.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Ichor currently has a consensus rating of “Buy” and a consensus price target of $38.33.

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About Ichor

Ichor Holdings, Ltd. is engaged in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The Company’s primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices.

Insider Buying and Selling by Quarter for Ichor (NASDAQ:ICHR)

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