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 value of $979,230.00. Following the completion of the sale, the chief executive officer directly owned 153,936 shares of the company’s stock, valued at $7,178,035.68. The trade was a 12.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Ichor Price Performance

Shares of ICHR stock traded up $0.65 on Friday, hitting $47.55. 1,381,863 shares of the stock traded hands, compared to its average volume of 1,187,696. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of -30.88 and a beta of 1.89. The firm has a 50 day simple moving average of $32.27 and a two-hundred day simple moving average of $23.01. Ichor Holdings, Ltd. has a 52 week low of $13.12 and a 52 week high of $55.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.16 and a quick ratio of 1.38.

Institutional Investors Weigh In On Ichor

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Ichor by 47.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 699,511 shares of the technology company’s stock valued at $13,738,000 after purchasing an additional 225,738 shares in the last quarter. Rice Hall James & Associates LLC bought a new stake in Ichor during the 3rd quarter worth about $3,877,000. Bank of New York Mellon Corp raised its stake in shares of Ichor by 143.9% during the second quarter. Bank of New York Mellon Corp now owns 515,638 shares of the technology company’s stock worth $10,127,000 after buying an additional 304,228 shares during the last quarter. CSM Advisors LLC bought a new stake in Ichor in the second quarter valued at approximately $2,866,000. Finally, CenterBook Partners LP acquired a new position in Ichor in the 3rd quarter worth $263,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ICHR has been the topic of a number of recent analyst reports. B. Riley Financial upgraded shares of Ichor from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 10th. Craig Hallum restated a “buy” rating and set a $36.00 price objective on shares of Ichor in a research report on Wednesday, January 14th. Wall Street Zen upgraded shares of Ichor from a “strong sell” rating to a “hold” rating in a report on Sunday, February 15th. Zacks Research upgraded Ichor from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Finally, Needham & Company LLC increased their price target on shares of Ichor from $36.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ichor has an average rating of “Hold” and an average price target of $39.57.

About Ichor

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.