Jeff Andreson Sells 21,400 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) Stock

Ichor Holdings, Ltd. (NASDAQ:ICHR) CEO Jeff Andreson sold 21,400 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $38.74, for a total transaction of $829,036.00. Following the completion of the sale, the chief executive officer now owns 282,141 shares of the company’s stock, valued at $10,930,142.34. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Ichor Stock Up 0.9 %

ICHR stock opened at $38.74 on Friday. Ichor Holdings, Ltd. has a fifty-two week low of $22.26 and a fifty-two week high of $46.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.16 and a quick ratio of 1.78. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -21.89 and a beta of 1.98. The business’s fifty day moving average price is $38.22 and its two-hundred day moving average price is $35.76.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective on Ichor from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Needham & Company LLC reaffirmed a “hold” rating and set a $42.00 price target on shares of Ichor in a report on Wednesday, May 8th. Craig Hallum reduced their price objective on shares of Ichor from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. TD Cowen increased their price objective on shares of Ichor from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Finally, StockNews.com upgraded shares of Ichor from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.60.

Hedge Funds Weigh In On Ichor

Several institutional investors and hedge funds have recently modified their holdings of the business. Signaturefd LLC boosted its holdings in Ichor by 207.2% in the 3rd quarter. Signaturefd LLC now owns 1,109 shares of the technology company’s stock valued at $34,000 after purchasing an additional 748 shares during the period. Illinois Municipal Retirement Fund bought a new stake in shares of Ichor in the third quarter valued at approximately $582,000. Swiss National Bank grew its position in Ichor by 1.1% during the third quarter. Swiss National Bank now owns 63,900 shares of the technology company’s stock worth $1,978,000 after buying an additional 700 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Ichor by 21.5% during the 3rd quarter. First Eagle Investment Management LLC now owns 311,707 shares of the technology company’s stock worth $9,650,000 after acquiring an additional 55,229 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Ichor by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 361,530 shares of the technology company’s stock valued at $11,193,000 after acquiring an additional 16,426 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.

About Ichor

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.