Insider Buying: Ichor Holdings, Ltd. (NASDAQ:ICHR) CEO Buys 10,000 Shares of Stock

Ichor Holdings, Ltd. (NASDAQ:ICHR) CEO Jeff Andreson acquired 10,000 shares of Ichor stock in a transaction on Thursday, May 8th. The shares were bought at an average price of $16.86 per share, for a total transaction of $168,600.00. Following the purchase, the chief executive officer now owns 285,594 shares of the company’s stock, valued at $4,815,114.84. This represents a 3.63 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Ichor Stock Performance

Shares of Ichor stock opened at $16.99 on Friday. The firm has a market cap of $579.58 million, a PE ratio of -26.14 and a beta of 1.83. Ichor Holdings, Ltd. has a 1 year low of $15.38 and a 1 year high of $42.70. The firm’s 50-day simple moving average is $21.65 and its 200-day simple moving average is $27.93. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 3.34.

Ichor (NASDAQ:ICHR) last released its earnings results on Monday, May 5th. The technology company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.14). The firm had revenue of $244.47 million for the quarter, compared to the consensus estimate of $244.95 million. Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. The company’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.09) EPS. Equities analysts forecast that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current fiscal year.

Institutional Trading of Ichor

A number of institutional investors and hedge funds have recently modified their holdings of ICHR. Headlands Technologies LLC raised its stake in Ichor by 570.9% during the first quarter. Headlands Technologies LLC now owns 8,044 shares of the technology company’s stock worth $182,000 after acquiring an additional 6,845 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Ichor by 3.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 520,274 shares of the technology company’s stock valued at $11,763,000 after purchasing an additional 17,981 shares during the period. Natixis Advisors LLC grew its stake in Ichor by 4.0% during the 1st quarter. Natixis Advisors LLC now owns 29,546 shares of the technology company’s stock worth $668,000 after buying an additional 1,131 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Ichor by 35.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,340 shares of the technology company’s stock valued at $211,000 after buying an additional 2,439 shares during the last quarter. Finally, Royce & Associates LP grew its position in shares of Ichor by 7.9% during the first quarter. Royce & Associates LP now owns 932,925 shares of the technology company’s stock worth $21,093,000 after acquiring an additional 68,680 shares during the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ICHR shares. Oppenheimer decreased their price target on Ichor from $35.00 to $25.00 and set a “market perform” rating for the company in a report on Friday, April 11th. DA Davidson decreased their target price on shares of Ichor from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday. TD Cowen lowered their price target on shares of Ichor from $38.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday. Stifel Nicolaus cut their price objective on shares of Ichor from $35.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, StockNews.com lowered Ichor from a “hold” rating to a “sell” rating in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $34.00.

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.