Public Employees Retirement Association of Colorado purchased a new stake in shares of Ichor Holdings Ltd (NASDAQ:ICHR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 45,214 shares of the technology company’s stock, valued at approximately $1,112,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in Ichor during the third quarter valued at $107,000. Hershey Trust Co. bought a new position in shares of Ichor during the 4th quarter worth about $111,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Ichor during the 3rd quarter worth about $228,000. The Manufacturers Life Insurance Company bought a new position in shares of Ichor during the 2nd quarter worth about $180,000. Finally, Royal Bank of Canada boosted its position in shares of Ichor by 38.2% during the 2nd quarter. Royal Bank of Canada now owns 9,400 shares of the technology company’s stock worth $189,000 after purchasing an additional 2,600 shares in the last quarter. 76.40% of the stock is currently owned by institutional investors and hedge funds.
In related news, CFO Maurice Eugene Carson sold 17,300 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $26.38, for a total value of $456,374.00. Following the transaction, the chief financial officer now owns 47,922 shares of the company’s stock, valued at approximately $1,264,182.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Philip Ryan Sr. Barros sold 35,650 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $26.37, for a total transaction of $940,090.50. Following the completion of the transaction, the insider now directly owns 32,090 shares in the company, valued at approximately $846,213.30. The disclosure for this sale can be found here. Insiders have sold a total of 63,927 shares of company stock worth $1,708,238 in the last three months. Insiders own 5.80% of the company’s stock.
A number of equities analysts have recently issued reports on the stock. Cowen reissued a “buy” rating on shares of Ichor in a research report on Thursday. Needham & Company LLC raised shares of Ichor from a “buy” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a research report on Tuesday, February 13th. BidaskClub cut shares of Ichor from a “hold” rating to a “sell” rating in a research report on Saturday, February 10th. Stifel Nicolaus increased their price objective on shares of Ichor from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Finally, ValuEngine raised shares of Ichor from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and two have issued a strong buy rating to the stock. Ichor currently has a consensus rating of “Buy” and a consensus target price of $38.33.
Ichor Holdings Ltd (ICHR) opened at $25.17 on Friday. The stock has a market cap of $651.70, a PE ratio of 10.36 and a beta of 5.49. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34. Ichor Holdings Ltd has a 1 year low of $16.82 and a 1 year high of $35.51.
Ichor 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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