Insider Selling: Ichor (NASDAQ:ICHR) CFO Sells $153,600.00 in Stock

Ichor Holdings, Ltd. (NASDAQ:ICHR) CFO Greg Swyt sold 3,000 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $51.20, for a total transaction of $153,600.00. Following the sale, the chief financial officer directly owned 78,679 shares in the company, valued at $4,028,364.80. The trade was a 3.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ichor Price Performance

Shares of NASDAQ ICHR opened at $47.55 on Friday. The stock has a market cap of $1.65 billion, a PE ratio of -30.88 and a beta of 1.89. Ichor Holdings, Ltd. has a fifty-two week low of $13.12 and a fifty-two week high of $55.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.38 and a current ratio of 3.16. The stock has a fifty day moving average of $32.27 and a 200-day moving average of $23.01.

Institutional Investors Weigh In On Ichor

Several hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its holdings in shares of Ichor by 27.7% in the 1st quarter. Royal Bank of Canada now owns 9,891 shares of the technology company’s stock worth $224,000 after buying an additional 2,146 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Ichor by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company’s stock worth $444,000 after acquiring an additional 865 shares in the last quarter. Jane Street Group LLC increased its stake in Ichor by 286.0% in the first quarter. Jane Street Group LLC now owns 53,277 shares of the technology company’s stock valued at $1,205,000 after acquiring an additional 39,476 shares during the last quarter. CWM LLC increased its stake in Ichor by 105.6% in the second quarter. CWM LLC now owns 4,532 shares of the technology company’s stock valued at $89,000 after acquiring an additional 2,328 shares during the last quarter. 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 purchasing an additional 1,602 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ICHR shares. Oppenheimer upped their price target on Ichor from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Tuesday, February 10th. Craig Hallum reaffirmed a “buy” rating and set a $36.00 price objective on shares of Ichor in a research note on Wednesday, January 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ichor in a report on Monday, December 29th. B. Riley Financial raised shares of Ichor from a “neutral” rating to a “buy” rating in a report on Tuesday, February 10th. Finally, Wall Street Zen upgraded shares of Ichor from a “strong sell” rating to a “hold” rating in a research report on Sunday, February 15th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Ichor currently has an average rating of “Hold” and an average price target of $39.57.

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.