Ichor Holdings Ltd (NASDAQ:ICHR) COO Kevin M. Canty sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $32.80, for a total transaction of $32,800.00. Following the sale, the chief operating officer now owns 46,379 shares of the company’s stock, valued at approximately $1,521,231.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Ichor stock traded down $0.60 during mid-day trading on Friday, reaching $30.74. The company’s stock had a trading volume of 215,287 shares, compared to its average volume of 242,937. Ichor Holdings Ltd has a 12-month low of $17.32 and a 12-month high of $34.70. The company has a market capitalization of $691.50 million, a P/E ratio of 11.02 and a beta of 2.79. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.98 and a current ratio of 1.90. The firm’s fifty day moving average price is $32.42 and its two-hundred day moving average price is $26.87.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Tuesday, November 5th. The technology company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.08. Ichor had a net margin of 1.09% and a return on equity of 9.41%. The firm had revenue of $154.46 million during the quarter, compared to the consensus estimate of $149.96 million. During the same period last year, the firm earned $0.55 EPS. The business’s quarterly revenue was down 11.8% compared to the same quarter last year. On average, research analysts predict that Ichor Holdings Ltd will post 0.98 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. California Public Employees Retirement System bought a new position in Ichor in the 3rd quarter valued at $272,000. Russell Investments Group Ltd. boosted its holdings in Ichor by 64.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 25,609 shares of the technology company’s stock valued at $619,000 after purchasing an additional 10,017 shares during the period. Point72 Asset Management L.P. boosted its holdings in Ichor by 24.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 548,100 shares of the technology company’s stock valued at $13,253,000 after purchasing an additional 108,670 shares during the period. California State Teachers Retirement System boosted its holdings in Ichor by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 34,295 shares of the technology company’s stock valued at $829,000 after purchasing an additional 410 shares during the period. Finally, State Street Corp boosted its holdings in Ichor by 0.6% in the 3rd quarter. State Street Corp now owns 655,066 shares of the technology company’s stock valued at $15,839,000 after purchasing an additional 3,727 shares during the period. 85.69% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on ICHR shares. DA Davidson upgraded shares of Ichor from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $25.00 to $34.00 in a research note on Thursday, October 24th. Deutsche Bank set a $32.00 price objective on shares of Ichor and gave the company a “buy” rating in a research note on Friday, November 1st. Cowen lifted their price objective on shares of Ichor from $26.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, November 6th. Needham & Company LLC lifted their price objective on shares of Ichor to $36.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, ValuEngine upgraded shares of Ichor from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $33.03.

Ichor Company Profile

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising electroplating and cleaning.

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