Harvey Partners LLC Takes Position in Ichor Holdings, Ltd. $ICHR

Harvey Partners LLC acquired a new stake in Ichor Holdings, Ltd. (NASDAQ:ICHR) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 182,000 shares of the technology company’s stock, valued at approximately $3,189,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Cinctive Capital Management LP bought a new stake in Ichor during the third quarter worth approximately $2,033,000. Aquatic Capital Management LLC raised its position in shares of Ichor by 9.8% in the third quarter. Aquatic Capital Management LLC now owns 11,902 shares of the technology company’s stock valued at $209,000 after purchasing an additional 1,058 shares during the period. Alliancebernstein L.P. raised its position in shares of Ichor by 2.0% in the third quarter. Alliancebernstein L.P. now owns 812,815 shares of the technology company’s stock valued at $14,241,000 after purchasing an additional 15,924 shares during the period. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Ichor in the third quarter worth $317,000. Finally, Raymond James Financial Inc. lifted its stake in shares of Ichor by 45.0% in the third quarter. Raymond James Financial Inc. now owns 166,533 shares of the technology company’s stock worth $2,918,000 after buying an additional 51,703 shares during the last quarter. Institutional investors own 94.81% of the company’s stock.

Insider Activity

In other news, CEO Philip Ryan Sr. Barros sold 21,000 shares of the business’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $46.63, for a total transaction of $979,230.00. Following the transaction, the chief executive officer owned 153,936 shares in the company, valued at approximately $7,178,035.68. The trade was a 12.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas M. Rohrs sold 53,908 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $45.48, for a total transaction of $2,451,735.84. Following the transaction, the director owned 53,024 shares in the company, valued at approximately $2,411,531.52. The trade was a 50.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 120,259 shares of company stock worth $5,689,250. Corporate insiders own 1.90% of the company’s stock.

Ichor Stock Down 0.5%

ICHR opened at $41.43 on Monday. The business has a 50 day moving average of $37.26 and a 200-day moving average of $24.90. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -26.90 and a beta of 1.76. The company has a current ratio of 3.16, a quick ratio of 1.38 and a debt-to-equity ratio of 0.18. Ichor Holdings, Ltd. has a 1-year low of $13.12 and a 1-year high of $55.33.

Analyst Ratings Changes

A number of research analysts recently issued reports on ICHR shares. Wall Street Zen upgraded shares of Ichor from a “strong sell” rating to a “hold” rating in a research note on Sunday, February 15th. Craig Hallum reissued a “buy” rating and set a $36.00 target price on shares of Ichor in a research report on Wednesday, January 14th. Needham & Company LLC upped their price target on shares of Ichor from $36.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. B. Riley Financial raised Ichor from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 10th. Finally, Zacks Research upgraded Ichor from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $39.57.

About Ichor

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.