Insider Selling: Ichor (NASDAQ:ICHR) Director Sells 53,908 Shares of Stock

Ichor Holdings, Ltd. (NASDAQ:ICHRGet Free Report) Director Thomas Rohrs sold 53,908 shares of the 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 completion of the sale, the director directly owned 53,024 shares in the company, valued at approximately $2,411,531.52. This trade represents a 50.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ichor Price Performance

NASDAQ ICHR traded down $3.66 on Thursday, hitting $43.93. The stock had a trading volume of 1,701,350 shares, compared to its average volume of 1,220,252. The company’s 50-day moving average is $25.41 and its two-hundred day moving average is $20.67. Ichor Holdings, Ltd. has a one year low of $13.12 and a one year high of $48.72. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.16 and a quick ratio of 1.33.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ICHR. B.Riley Securit raised Ichor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. DA Davidson upped their price objective on shares of Ichor from $30.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday. B. Riley Securities upgraded shares of Ichor from a “neutral” rating to a “buy” rating and increased their target price for the company from $30.00 to $52.00 in a research report on Tuesday. Wall Street Zen downgraded shares of Ichor from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Finally, Craig Hallum reiterated a “buy” rating and issued a $36.00 price objective on shares of Ichor in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $38.38.

View Our Latest Analysis on ICHR

Trending Headlines about Ichor

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Institutional Investors Weigh In On Ichor

Several hedge funds have recently made changes to their positions in ICHR. Newbridge Financial Services Group Inc. acquired a new position in Ichor in the 2nd quarter worth approximately $27,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Ichor in the fourth quarter valued at $26,000. Hantz Financial Services Inc. boosted its position in shares of Ichor by 64.8% in the fourth quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock worth $28,000 after buying an additional 590 shares during the period. Danske Bank A S purchased a new position in shares of Ichor during the third quarter valued at $28,000. Finally, Nisa Investment Advisors LLC raised its position in Ichor by 1,060.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,753 shares of the technology company’s stock valued at $34,000 after buying an additional 1,602 shares during the period. Hedge funds and other institutional investors own 94.81% of the company’s stock.

About Ichor

(Get Free Report)

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.

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