Insider Selling: Ichor Holdings Ltd (NASDAQ:ICHR) Director Sells 11,102 Shares of Stock

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Ichor Holdings Ltd (NASDAQ:ICHR) Director Iain Mackenzie sold 11,102 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $37.17, for a total value of $412,661.34. Following the completion of the transaction, the director now directly owns 19,344 shares in the company, valued at $719,016.48. The sale was disclosed in a legal filing with the SEC, which is available through this link.

ICHR opened at $35.48 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.69 and a debt-to-equity ratio of 0.81. Ichor Holdings Ltd has a 12 month low of $18.62 and a 12 month high of $39.83. The company has a fifty day simple moving average of $34.86 and a 200 day simple moving average of $28.91. The stock has a market cap of $846.93 million, a P/E ratio of 41.37 and a beta of 2.79.

Ichor (NASDAQ:ICHR) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.06. Ichor had a net margin of 1.73% and a return on equity of 10.03%. The business had revenue of $189.40 million during the quarter, compared to analysts’ expectations of $158.37 million. During the same quarter in the prior year, the company earned $0.32 EPS. The firm’s quarterly revenue was up 33.9% on a year-over-year basis. On average, equities research analysts expect that Ichor Holdings Ltd will post 2.26 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Driehaus Capital Management LLC increased its position in shares of Ichor by 360.2% in the 4th quarter. Driehaus Capital Management LLC now owns 986,260 shares of the technology company’s stock valued at $32,813,000 after buying an additional 771,941 shares in the last quarter. State Street Corp increased its position in shares of Ichor by 3.9% in the 4th quarter. State Street Corp now owns 680,482 shares of the technology company’s stock valued at $22,640,000 after buying an additional 25,416 shares in the last quarter. Lord Abbett & CO. LLC increased its position in shares of Ichor by 36.2% in the 4th quarter. Lord Abbett & CO. LLC now owns 647,281 shares of the technology company’s stock valued at $21,535,000 after buying an additional 172,146 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Ichor by 24.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 548,100 shares of the technology company’s stock valued at $13,253,000 after buying an additional 108,670 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Ichor by 358.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 268,685 shares of the technology company’s stock valued at $8,939,000 after buying an additional 210,073 shares in the last quarter. Institutional investors and hedge funds own 85.76% of the company’s stock.

Several research analysts have recently commented on ICHR shares. TheStreet raised Ichor from a “c” rating to a “b” rating in a report on Wednesday, February 5th. DA Davidson raised Ichor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $25.00 to $34.00 in a report on Thursday, October 24th. BidaskClub downgraded Ichor from a “hold” rating to a “sell” rating in a report on Tuesday, January 28th. Stifel Nicolaus upped their price objective on Ichor from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, Deutsche Bank set a $32.00 price target on Ichor and gave the company a “buy” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Ichor presently has a consensus rating of “Hold” and a consensus target price of $37.38.

Ichor Company Profile

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 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 electroplating and cleaning.

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