Ichor (NASDAQ:ICHR) Trading 7.5% Higher – Should You Buy?

Ichor Holdings, Ltd. (NASDAQ:ICHR) shares rose 7.5% on Thursday . The stock traded as high as $49.88 and last traded at $50.3350. Approximately 319,523 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 1,046,218 shares. The stock had previously closed at $46.81.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. TD Cowen reaffirmed a “buy” rating on shares of Ichor in a research report on Tuesday, February 10th. DA Davidson boosted their target price on Ichor from $30.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Oppenheimer upped their target price on Ichor from $32.00 to $36.00 and gave the company a “market perform” rating in a research report on Tuesday, February 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ichor in a research note on Monday, December 29th. Finally, Zacks Research raised Ichor from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.14.

Ichor Stock Up 7.2%

The business has a fifty day moving average price of $38.65 and a two-hundred day moving average price of $25.44. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.16 and a quick ratio of 1.38. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of -32.70 and a beta of 1.76.

Insider Transactions at Ichor

In related news, COO Bruce Ragsdale sold 21,276 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $49.66, for a total value of $1,056,566.16. Following the transaction, the chief operating officer owned 97,661 shares in the company, valued at approximately $4,849,845.26. This represents a 17.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jorge Titinger sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $50.11, for a total transaction of $60,132.00. Following the transaction, the director directly owned 13,969 shares of the company’s stock, valued at $699,986.59. This represents a 7.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 120,259 shares of company stock valued at $5,689,250 over the last quarter. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Ichor

Several hedge funds have recently added to or reduced their stakes in ICHR. Steward Partners Investment Advisory LLC acquired a new stake in shares of Ichor during the 4th quarter worth approximately $26,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Ichor in the 2nd quarter valued at $27,000. Hantz Financial Services Inc. boosted its holdings in Ichor by 64.8% during 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 in the last quarter. Danske Bank A S purchased a new stake in Ichor during the third quarter worth $28,000. Finally, State of Wyoming grew its position in Ichor by 607.7% during the fourth quarter. State of Wyoming now owns 3,234 shares of the technology company’s stock valued at $60,000 after buying an additional 2,777 shares during the period. 94.81% of the stock is owned by hedge funds and other institutional investors.

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.