Insider Selling: Ichor Holdings, Ltd. (ICHR) Insider Sells $801,412.00 in Stock
Ichor Holdings, Ltd. (NASDAQ:ICHR) insider Philip Ryan Sr. Barros sold 35,650 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $22.48, for a total value of $801,412.00. Following the completion of the transaction, the insider now owns 32,090 shares in the company, valued at approximately $721,383.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Philip Ryan Sr. Barros also recently made the following trade(s):
- On Wednesday, August 23rd, Philip Ryan Sr. Barros sold 8,290 shares of Ichor Holdings stock. The stock was sold at an average price of $18.50, for a total value of $153,365.00.
Ichor Holdings, Ltd. (NASDAQ:ICHR) opened at 22.57 on Friday. The company has a market cap of $566.85 million and a PE ratio of 12.98. Ichor Holdings, Ltd. has a 12 month low of $9.76 and a 12 month high of $29.73. The company has a 50 day moving average price of $20.89 and a 200-day moving average price of $20.57.
Ichor Holdings (NASDAQ:ICHR) last issued its quarterly earnings data on Thursday, August 10th. The technology company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by $0.02. The company had revenue of $159.70 million during the quarter, compared to analyst estimates of $159.36 million. The business’s revenue was up 67.4% on a year-over-year basis. Equities analysts predict that Ichor Holdings, Ltd. will post $2.41 earnings per share for the current fiscal year.
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A number of research analysts recently commented on ICHR shares. Zacks Investment Research cut Ichor Holdings from a “strong-buy” rating to a “sell” rating in a research report on Friday, July 7th. Stifel Nicolaus raised their price target on Ichor Holdings from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Monday, July 10th. Cowen and Company set a $25.00 price target on Ichor Holdings and gave the stock a “buy” rating in a research report on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating and issued a $24.00 price target on shares of Ichor Holdings in a research report on Friday, June 16th. Finally, Needham & Company LLC restated a “positive” rating and issued a $30.00 price target (up previously from $25.00) on shares of Ichor Holdings in a research report on Monday, July 31st. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $27.17.
A number of institutional investors and hedge funds have recently modified their holdings of ICHR. C M Bidwell & Associates Ltd. purchased a new stake in Ichor Holdings during the 2nd quarter worth about $162,000. The Manufacturers Life Insurance Company purchased a new stake in Ichor Holdings during the 2nd quarter worth about $180,000. Royal Bank of Canada lifted its holdings in Ichor Holdings by 38.2% during the 2nd quarter. Royal Bank of Canada now owns 9,400 shares of the technology company’s stock worth $189,000 after purchasing an additional 2,600 shares in the last quarter. Hancock Holding Co. purchased a new stake in Ichor Holdings during the 1st quarter worth about $202,000. Finally, TIAA CREF Investment Management LLC purchased a new stake in Ichor Holdings during the 1st quarter worth about $219,000. 83.68% of the stock is currently owned by institutional investors and hedge funds.
About Ichor Holdings
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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