Ichor Holdings, Ltd. (ICHR) Director Sells $312,356.80 in Stock
Ichor Holdings, Ltd. (NASDAQ:ICHR) Director Iain Mackenzie sold 11,690 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $26.72, for a total value of $312,356.80. Following the transaction, the director now owns 11,690 shares in the company, valued at approximately $312,356.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Ichor Holdings, Ltd. (NASDAQ ICHR) opened at 26.24 on Friday. The firm has a market cap of $659.04 million and a P/E ratio of 15.44. The firm has a 50 day moving average price of $25.14 and a 200-day moving average price of $25.14. Ichor Holdings, Ltd. has a one year low of $9.81 and a one year high of $28.36.
Ichor Holdings (NASDAQ:ICHR) last released its quarterly earnings results on Thursday, August 10th. The technology company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.02). The firm had revenue of $159.70 million for the quarter, compared to analysts’ expectations of $159.36 million. The company’s revenue was up 67.4% on a year-over-year basis. Analysts forecast that Ichor Holdings, Ltd. will post $2.41 earnings per share for the current year.
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A number of brokerages have weighed in on ICHR. Zacks Investment Research raised Ichor Holdings from a “hold” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a report on Friday, August 11th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $24.00 target price on shares of Ichor Holdings in a report on Friday, June 16th. Cowen and Company set a $25.00 target price on Ichor Holdings and gave the company a “buy” rating in a report on Thursday, July 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $30.00 target price on shares of Ichor Holdings in a report on Tuesday, September 19th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $26.00 target price (up previously from $24.00) on shares of Ichor Holdings in a report on Wednesday, August 9th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $27.17.
Several institutional investors have recently added to or reduced their stakes in the company. Delphi Management Inc. MA increased its holdings in shares of Ichor Holdings by 149.6% in the second quarter. Delphi Management Inc. MA now owns 41,931 shares of the technology company’s stock worth $845,000 after purchasing an additional 25,130 shares during the period. Scotia Capital Inc. increased its holdings in shares of Ichor Holdings by 2.9% in the second quarter. Scotia Capital Inc. now owns 102,124 shares of the technology company’s stock worth $2,058,000 after purchasing an additional 2,871 shares during the period. California State Teachers Retirement System increased its holdings in shares of Ichor Holdings by 53.3% in the second quarter. California State Teachers Retirement System now owns 20,700 shares of the technology company’s stock worth $417,000 after purchasing an additional 7,200 shares during the period. The Manufacturers Life Insurance Company bought a new position in shares of Ichor Holdings in the second quarter worth $180,000. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of Ichor Holdings in the second quarter worth $162,000. 83.68% of the stock is currently owned by hedge funds and other institutional investors.
Ichor Holdings 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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