Insider Selling: Ichor (NASDAQ:ICHR) Director Sells $987,986.25 in Stock

Ichor Holdings, Ltd. (NASDAQ:ICHR) Director Marc Haugen sold 19,875 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $49.71, for a total value of $987,986.25. Following the transaction, the director owned 26,085 shares of the company’s stock, valued at approximately $1,296,685.35. This trade represents a 43.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Ichor Trading Up 1.4%

Shares of ICHR stock opened at $47.55 on Friday. The firm has a market capitalization of $1.65 billion, a P/E ratio of -30.88 and a beta of 1.89. Ichor Holdings, Ltd. has a 1 year low of $13.12 and a 1 year high of $55.33. The firm’s fifty day simple moving average is $32.27 and its 200 day simple moving average is $23.01. The company has a current ratio of 3.16, a quick ratio of 1.38 and a debt-to-equity ratio of 0.18.

Analyst Ratings Changes

ICHR has been the topic of several research reports. B. Riley Financial upgraded Ichor from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 10th. Wall Street Zen raised Ichor from a “strong sell” rating to a “hold” rating in a report on Sunday, February 15th. Craig Hallum restated a “buy” rating and set a $36.00 price objective on shares of Ichor in a research report on Wednesday, January 14th. Zacks Research raised Ichor from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Finally, Stifel Nicolaus set a $30.00 price target on shares of Ichor in a research note on Tuesday, February 10th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Ichor presently has an average rating of “Hold” and a consensus target price of $39.57.

Hedge Funds Weigh In On Ichor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Invesco Ltd. grew its position in Ichor by 141.2% in the fourth quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock valued at $55,730,000 after acquiring an additional 1,770,425 shares during the period. Fuller & Thaler Asset Management Inc. bought a new position in shares of Ichor during the fourth quarter valued at $252,000. Voloridge Investment Management LLC acquired a new stake in shares of Ichor in the 4th quarter valued at $545,000. Tudor Investment Corp ET AL bought a new stake in shares of Ichor in the 4th quarter worth about $636,000. Finally, Numerai GP LLC increased its position in shares of Ichor by 28.4% during the 4th quarter. Numerai GP LLC now owns 36,227 shares of the technology company’s stock worth $668,000 after purchasing an additional 8,019 shares in the last quarter. Institutional investors own 94.81% of the company’s stock.

Ichor Company Profile

Ichor Holdings Ltd. is a global supplier of critical subsystems used in the fabrication of semiconductor devices. The company specializes in the design, engineering and manufacturing of gas delivery systems, vacuum pumps and abatement solutions that manage process gases and by-products in wafer-processing tools. Its modular subsystems are designed to integrate with lithography, etch, deposition and cleaning equipment, helping to ensure precise control of gas flow, pressure and purity throughout the chip-manufacturing cycle.

Founded in the mid-1980s and headquartered in Fremont, California, Ichor has expanded its footprint across Asia, Europe and North America.