Ichor Holdings, Ltd. (NASDAQ:ICHR) CEO Thomas M. Rohrs sold 130,767 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $27.85, for a total value of $3,641,860.95. Following the completion of the sale, the chief executive officer now directly owns 173,090 shares of the company’s stock, valued at approximately $4,820,556.50. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) traded up $1.00 during mid-day trading on Tuesday, reaching $28.98. The company had a trading volume of 2,006,800 shares, compared to its average volume of 608,076. The stock has a market cap of $714.54 and a price-to-earnings ratio of 12.72. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.79 and a quick ratio of 0.96. Ichor Holdings, Ltd. has a one year low of $9.76 and a one year high of $35.51.
Ichor Holdings (NASDAQ:ICHR) last issued its earnings results on Thursday, November 9th. The technology company reported $0.62 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.62. The company had revenue of $164.50 million during the quarter, compared to analyst estimates of $165.16 million. Ichor Holdings had a return on equity of 34.76% and a net margin of 7.43%. The business’s revenue for the quarter was up 55.6% compared to the same quarter last year. equities analysts predict that Ichor Holdings, Ltd. will post 2.4 earnings per share for the current year.
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A number of research firms have recently weighed in on ICHR. Stifel Nicolaus raised their price objective on Ichor Holdings from $26.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Deutsche Bank AG restated a “buy” rating and issued a $26.00 target price (up previously from $24.00) on shares of Ichor Holdings in a research note on Wednesday, August 9th. Royal Bank Of Canada restated an “outperform” rating and issued a $27.00 target price (up previously from $26.00) on shares of Ichor Holdings in a research note on Wednesday, August 9th. Needham & Company LLC raised their target price on Ichor Holdings from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Finally, Cowen and Company raised their target price on Ichor Holdings from $27.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 18th. Six equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average price target of $35.17.
A number of hedge funds have recently modified their holdings of the stock. Paradigm Capital Management Inc. NY raised its stake in shares of Ichor Holdings by 2,598.2% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 906,600 shares of the technology company’s stock valued at $18,277,000 after buying an additional 873,000 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Ichor Holdings by 262.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 943,466 shares of the technology company’s stock valued at $19,021,000 after buying an additional 683,466 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Ichor Holdings by 182.9% during the 2nd quarter. Vanguard Group Inc. now owns 481,158 shares of the technology company’s stock valued at $9,700,000 after buying an additional 311,083 shares during the last quarter. Neuberger Berman Group LLC raised its stake in shares of Ichor Holdings by 38.0% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,060,835 shares of the technology company’s stock valued at $21,386,000 after buying an additional 292,351 shares during the last quarter. Finally, Foundry Partners LLC purchased a new position in shares of Ichor Holdings during the 3rd quarter valued at about $7,822,000. Institutional investors own 85.74% of the company’s stock.
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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