Ichor Holdings, Ltd. (NASDAQ:ICHR) Director Jorge Titinger Sells 3,000 Shares of Stock

Ichor Holdings, Ltd. (NASDAQ:ICHR) Director Jorge Titinger sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $32.04, for a total value of $96,120.00. Following the completion of the transaction, the director now owns 9,832 shares of the company’s stock, valued at $315,017.28. The trade was a 23.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ichor Price Performance

Shares of ICHR opened at $32.40 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.69 and a current ratio of 3.34. The business has a fifty day moving average of $31.34 and a 200 day moving average of $30.63. Ichor Holdings, Ltd. has a 52-week low of $25.95 and a 52-week high of $46.43.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.14). Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. On average, research analysts predict that Ichor Holdings, Ltd. will post 0.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ICHR has been the subject of several research reports. Needham & Company LLC reissued a “hold” rating on shares of Ichor in a report on Wednesday. TD Cowen lowered their target price on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Finally, B. Riley restated a “buy” rating and issued a $38.00 price target (up previously from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $42.29.

Hedge Funds Weigh In On Ichor

A number of large investors have recently bought and sold shares of ICHR. GAMMA Investing LLC lifted its position in shares of Ichor by 136.2% during the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock worth $34,000 after purchasing an additional 625 shares during the last quarter. Signaturefd LLC increased its position in shares of Ichor by 214.6% during the third quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock worth $40,000 after acquiring an additional 854 shares during the period. Quarry LP boosted its holdings in shares of Ichor by 80.4% in the third quarter. Quarry LP now owns 1,566 shares of the technology company’s stock valued at $50,000 after purchasing an additional 698 shares during the period. KBC Group NV boosted its holdings in shares of Ichor by 83.5% in the fourth quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock valued at $67,000 after purchasing an additional 949 shares during the period. Finally, CWM LLC grew its stake in Ichor by 134.9% in the third quarter. CWM LLC now owns 3,617 shares of the technology company’s stock worth $115,000 after purchasing an additional 2,077 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ichor Company Profile

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.