Insider Selling: Ichor Holdings, Ltd. (NASDAQ:ICHR) Director Sells 3,000 Shares of Stock

Ichor Holdings, Ltd. (NASDAQ:ICHR) Director Jorge Titinger sold 3,000 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $32.04, for a total value of $96,120.00. Following the completion of the sale, the director now directly owns 9,832 shares of the company’s stock, valued at $315,017.28. This represents a 23.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Ichor Price Performance

Ichor stock traded down $0.10 during mid-day trading on Friday, hitting $32.40. 428,310 shares of the company were exchanged, compared to its average volume of 289,008. The company has a quick ratio of 1.69, a current ratio of 3.64 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average of $31.34 and a 200 day moving average of $30.63. Ichor Holdings, Ltd. has a 1-year low of $25.95 and a 1-year high of $46.43. The company has a market capitalization of $1.09 billion, a PE ratio of -34.84 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.14). Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. As a group, sell-side analysts expect that Ichor Holdings, Ltd. will post -0.28 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ICHR shares. Needham & Company LLC reissued a “hold” rating on shares of Ichor in a research report on Wednesday. TD Cowen reduced their price objective on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Finally, B. Riley reissued a “buy” rating and issued a $38.00 price objective (up from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.29.

Institutional Trading of Ichor

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its holdings in Ichor by 136.2% in the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock valued at $34,000 after acquiring an additional 625 shares during the last quarter. Signaturefd LLC increased its position in shares of Ichor by 214.6% during the 3rd quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock worth $40,000 after purchasing an additional 854 shares during the last quarter. Quarry LP boosted its stake in shares of Ichor by 80.4% during the 3rd quarter. Quarry LP now owns 1,566 shares of the technology company’s stock worth $50,000 after acquiring an additional 698 shares during the period. KBC Group NV boosted its stake in Ichor by 83.5% in the 4th quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock valued at $67,000 after purchasing an additional 949 shares during the period. Finally, CWM LLC boosted its stake in Ichor by 134.9% in the 3rd quarter. CWM LLC now owns 3,617 shares of the technology company’s stock valued at $115,000 after purchasing an additional 2,077 shares during the period. 94.81% of the stock is currently owned by institutional investors and hedge funds.

About Ichor

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.