Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) fell 10.8% on Tuesday following insider selling activity. The stock traded as low as $23.46 and last traded at $23.61. 2,545,500 shares changed hands during trading, an increase of 275% from the average session volume of 677,985 shares. The stock had previously closed at $26.47.
Specifically, CFO Maurice Eugene Carson sold 17,300 shares of the stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $22.42, for a total value of $387,866.00. Following the transaction, the chief financial officer now owns 57,300 shares of the company’s stock, valued at $1,284,666. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas M. Rohrs sold 130,767 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $27.85, for a total value of $3,641,860.95. Following the completion of the transaction, the chief executive officer now directly owns 173,090 shares in the company, valued at approximately $4,820,556.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 258,274 shares of company stock worth $7,041,233. Corporate insiders own 5.80% of the company’s stock.
A number of research analysts have weighed in on ICHR shares. Royal Bank Of Canada reissued a “buy” rating and issued a $37.00 target price on shares of Ichor in a report on Friday, October 20th. Deutsche Bank reissued a “buy” rating and issued a $26.00 target price (up previously from $24.00) on shares of Ichor in a report on Wednesday, August 9th. Stifel Nicolaus increased their target price on Ichor from $26.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Needham & Company LLC reissued a “buy” rating and issued a $30.00 target price on shares of Ichor in a report on Tuesday, September 19th. Finally, Zacks Investment Research raised Ichor from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Thursday, October 12th. Six investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of $35.17.
The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $625.14 and a PE ratio of 12.03.
Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Thursday, November 9th. The technology company reported $0.62 EPS for the quarter, hitting analysts’ consensus estimates of $0.62. The business had revenue of $164.50 million during the quarter, compared to analysts’ expectations of $165.16 million. Ichor had a return on equity of 32.99% and a net margin of 7.43%. The company’s revenue was up 55.6% on a year-over-year basis. equities research analysts anticipate that Ichor Holdings, Ltd. will post 2.4 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Paradigm Capital Management Inc. NY increased its position in Ichor by 76.1% in the third quarter. Paradigm Capital Management Inc. NY now owns 1,596,100 shares of the technology company’s stock worth $42,776,000 after buying an additional 689,500 shares in the last quarter. Neuberger Berman Group LLC increased its position in Ichor by 13.4% in the third quarter. Neuberger Berman Group LLC now owns 1,203,503 shares of the technology company’s stock worth $32,254,000 after buying an additional 142,668 shares in the last quarter. Ameriprise Financial Inc. increased its position in Ichor by 262.9% in the second quarter. Ameriprise Financial Inc. now owns 943,466 shares of the technology company’s stock worth $19,021,000 after buying an additional 683,466 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Ichor in the third quarter worth about $15,509,000. Finally, Vanguard Group Inc. increased its position in Ichor by 182.9% in the second quarter. Vanguard Group Inc. now owns 481,158 shares of the technology company’s stock worth $9,700,000 after buying an additional 311,083 shares in the last quarter. Institutional investors and hedge funds own 75.49% of the company’s stock.
Ichor Company Profile
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.
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