Ichor (NASDAQ:ICHR) Reaches New 12-Month High – Still a Buy?

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $55.50 and last traded at $54.3650, with a volume of 183143 shares trading hands. The stock had previously closed at $48.85.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ICHR shares. DA Davidson increased their price target on Ichor from $30.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. B. Riley Financial upgraded Ichor from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 10th. Craig Hallum reiterated a “buy” rating and issued a $36.00 price target on shares of Ichor in a research report on Wednesday, January 14th. Wall Street Zen upgraded Ichor from a “strong sell” rating to a “hold” rating in a research report on Sunday, February 15th. Finally, Needham & Company LLC increased their price target on Ichor from $36.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Six equities 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.14.

Ichor Price Performance

The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of -34.62 and a beta of 1.67. The company has a current ratio of 3.16, a quick ratio of 1.38 and a debt-to-equity ratio of 0.18. The stock has a 50-day simple moving average of $43.96 and a 200 day simple moving average of $28.55.

Insider Activity

In other Ichor news, CEO Philip Ryan Sr. Barros sold 21,000 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was 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 approximately $7,178,035.68. This trade represents a 12.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Bruce Ragsdale sold 21,276 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $49.66, for a total value of $1,056,566.16. Following the sale, the chief operating officer owned 97,661 shares of the company’s stock, valued at $4,849,845.26. The trade was a 17.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 120,259 shares of company stock worth $5,689,250. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Ichor

A number of institutional investors have recently bought and sold shares of the business. Linden Thomas Advisory Services LLC boosted 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 worth $934,000 after acquiring an additional 398 shares during the period. Hantz Financial Services Inc. boosted its position in Ichor by 64.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock worth $28,000 after acquiring an additional 590 shares during the period. The Manufacturers Life Insurance Company boosted its position in Ichor by 5.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,447 shares of the technology company’s stock worth $244,000 after acquiring an additional 666 shares during the period. AQR Capital Management LLC raised its stake in shares of Ichor by 0.6% during the 4th quarter. AQR Capital Management LLC now owns 134,194 shares of the technology company’s stock worth $2,473,000 after purchasing an additional 817 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ichor by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company’s stock worth $444,000 after purchasing an additional 865 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.

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.