Ichor Holdings, Ltd. (NASDAQ:ICHR) Director Jorge Titinger Sells 3,000 Shares

Ichor Holdings, Ltd. (NASDAQ:ICHR) Director Jorge Titinger sold 3,000 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $32.04, for a total value of $96,120.00. Following the completion of the transaction, the director now owns 9,832 shares in the company, valued at $315,017.28. This represents a 23.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Ichor Price Performance

Shares of NASDAQ:ICHR opened at $32.40 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.34 and a quick ratio of 1.69. The stock has a market capitalization of $1.09 billion, a P/E ratio of -49.85 and a beta of 1.91. The business has a 50-day moving average of $31.33 and a two-hundred day moving average of $30.55. Ichor Holdings, Ltd. has a fifty-two week low of $25.95 and a fifty-two week high of $46.43.

Ichor (NASDAQ:ICHR) last posted its earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.14). Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. On average, equities research analysts predict that Ichor Holdings, Ltd. will post 0.86 EPS for the current fiscal year.

Institutional Trading of Ichor

Large investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Ichor during the 4th quarter worth $8,489,000. JPMorgan Chase & Co. boosted its stake in Ichor by 157.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 340,247 shares of the technology company’s stock valued at $10,823,000 after purchasing an additional 208,328 shares during the period. Millennium Management LLC acquired a new stake in Ichor in the 2nd quarter valued at approximately $6,382,000. Royce & Associates LP increased its position in Ichor by 20.8% in the 3rd quarter. Royce & Associates LP now owns 718,967 shares of the technology company’s stock worth $22,870,000 after buying an additional 123,585 shares during the period. Finally, Segall Bryant & Hamill LLC lifted its holdings in shares of Ichor by 26.8% during the third quarter. Segall Bryant & Hamill LLC now owns 568,117 shares of the technology company’s stock worth $18,072,000 after buying an additional 120,133 shares during the last quarter. 94.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ICHR shares. B. Riley reiterated a “buy” rating and issued a $38.00 price objective (up previously from $36.00) on shares of Ichor in a research note on Tuesday, November 5th. Needham & Company LLC restated a “hold” rating on shares of Ichor in a research note on Wednesday, February 5th. Finally, TD Cowen cut their price target on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.29.

About Ichor

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.