Philip Ryan Sr. Barros Sells 21,000 Shares of Ichor (NASDAQ:ICHR) Stock

Ichor Holdings, Ltd. (NASDAQ:ICHR) CEO Philip Ryan Sr. Barros sold 21,000 shares of Ichor stock in a transaction on Thursday, February 26th. The stock was 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 $7,178,035.68. This represents a 12.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ichor Price Performance

Shares of Ichor stock opened at $47.55 on Friday. The stock has a market cap of $1.65 billion, a P/E ratio of -30.88 and a beta of 1.89. 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’s fifty day moving average is $32.27 and its 200 day moving average is $23.04. Ichor Holdings, Ltd. has a one year low of $13.12 and a one year high of $55.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Ichor by 4.7% during the fourth quarter. Vanguard Group Inc. now owns 3,333,902 shares of the technology company’s stock valued at $61,444,000 after purchasing an additional 148,993 shares in the last quarter. Invesco Ltd. increased its stake in Ichor by 141.2% in the 4th quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock worth $55,730,000 after acquiring an additional 1,770,425 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Ichor by 15.3% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,957,656 shares of the technology company’s stock worth $36,080,000 after acquiring an additional 259,417 shares in the last quarter. Royce & Associates LP boosted its position in shares of Ichor by 48.5% during the 4th quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock valued at $26,707,000 after acquiring an additional 473,440 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Ichor by 0.9% during the 4th quarter. State Street Corp now owns 1,285,419 shares of the technology company’s stock valued at $23,690,000 after acquiring an additional 11,645 shares during the last quarter. Institutional investors own 94.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. DA Davidson boosted their price objective on Ichor from $30.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. TD Cowen reissued a “buy” rating on shares of Ichor in a research note on Tuesday, February 10th. B. Riley Financial upgraded shares of Ichor from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 10th. Wall Street Zen raised shares of Ichor from a “strong sell” rating to a “hold” rating in a report on Sunday, February 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ichor in a research note on Monday, December 29th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.