Insider Selling: Ichor Holdings, Ltd. (ICHR) CEO Sells 130,767 Shares of Stock
Ichor Holdings, Ltd. (NASDAQ:ICHR) CEO Thomas M. Rohrs sold 130,767 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $19.57, for a total transaction of $2,559,110.19. Following the sale, the chief executive officer now directly owns 125,558 shares in the company, valued at $2,457,170.06. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Ichor Holdings, Ltd. (ICHR) traded up 0.87% during midday trading on Tuesday, reaching $19.77. 717,359 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $21.17 and a 200-day moving average of $20.04. Ichor Holdings, Ltd. has a 12 month low of $9.76 and a 12 month high of $29.73. The stock has a market cap of $490.41 million and a PE ratio of 10.64.
Ichor Holdings (NASDAQ:ICHR) last issued its quarterly earnings results on Thursday, August 10th. The technology company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $159.70 million for the quarter, compared to analyst estimates of $159.36 million. The company’s revenue was up 67.4% compared to the same quarter last year. On average, equities research analysts predict that Ichor Holdings, Ltd. will post $2.41 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Pier Capital LLC acquired a new position in shares of Ichor Holdings during the first quarter worth approximately $1,933,000. Norges Bank acquired a new position in shares of Ichor Holdings during the fourth quarter worth approximately $541,000. Hancock Holding Co. acquired a new position in shares of Ichor Holdings during the first quarter worth approximately $202,000. Whittier Trust Co. acquired a new position in shares of Ichor Holdings during the second quarter worth approximately $485,000. Finally, Spark Investment Management LLC boosted its position in shares of Ichor Holdings by 47.5% in the second quarter. Spark Investment Management LLC now owns 284,200 shares of the technology company’s stock worth $5,729,000 after buying an additional 91,500 shares during the last quarter. Institutional investors and hedge funds own 68.53% of the company’s stock.
A number of equities research analysts have weighed in on ICHR shares. Needham & Company LLC reissued a “positive” rating and set a $30.00 target price (up from $25.00) on shares of Ichor Holdings in a report on Monday, July 31st. Cowen and Company set a $25.00 target price on shares of Ichor Holdings and gave the stock a “buy” rating in a report on Thursday, July 27th. Royal Bank Of Canada reissued a “buy” rating and set a $24.00 target price on shares of Ichor Holdings in a report on Friday, June 16th. Stifel Nicolaus boosted their target price on shares of Ichor Holdings from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Monday, July 10th. Finally, Zacks Investment Research lowered shares of Ichor Holdings from a “strong-buy” rating to a “sell” rating in a report on Friday, July 7th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $27.17.
About Ichor Holdings
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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