Ichor Holdings Ltd (NASDAQ:ICHR) Director Iain Mackenzie Sells 11,102 Shares of Stock

Ichor Holdings Ltd (NASDAQ:ICHR) Director Iain Mackenzie sold 11,102 shares of Ichor stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $37.17, for a total value of $412,661.34. Following the sale, the director now directly owns 19,344 shares of the company’s stock, valued at approximately $719,016.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NASDAQ:ICHR opened at $35.48 on Friday. Ichor Holdings Ltd has a fifty-two week low of $18.62 and a fifty-two week high of $39.83. The business has a 50-day moving average of $34.86 and a two-hundred day moving average of $28.91. The stock has a market capitalization of $846.93 million, a P/E ratio of 41.37 and a beta of 2.79. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.69 and a quick ratio of 0.91.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. Ichor had a return on equity of 10.03% and a net margin of 1.73%. The company had revenue of $189.40 million during the quarter, compared to analysts’ expectations of $158.37 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The business’s quarterly revenue was up 33.9% compared to the same quarter last year. As a group, research analysts expect that Ichor Holdings Ltd will post 2.26 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the business. California State Teachers Retirement System lifted its position in shares of Ichor by 1.2% in the third quarter. California State Teachers Retirement System now owns 34,295 shares of the technology company’s stock worth $829,000 after buying an additional 410 shares during the last quarter. Comerica Bank lifted its position in shares of Ichor by 2.1% during the 3rd quarter. Comerica Bank now owns 21,048 shares of the technology company’s stock worth $606,000 after purchasing an additional 442 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Ichor by 74.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,401 shares of the technology company’s stock worth $47,000 after purchasing an additional 597 shares during the last quarter. Whittier Trust Co. lifted its position in shares of Ichor by 2.4% during the 4th quarter. Whittier Trust Co. now owns 32,460 shares of the technology company’s stock worth $1,080,000 after purchasing an additional 751 shares during the last quarter. Finally, State of Tennessee Treasury Department lifted its position in shares of Ichor by 8.5% during the 3rd quarter. State of Tennessee Treasury Department now owns 10,041 shares of the technology company’s stock worth $243,000 after purchasing an additional 789 shares during the last quarter. 85.76% of the stock is owned by institutional investors.

A number of research firms recently issued reports on ICHR. ValuEngine raised Ichor from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. TheStreet raised Ichor from a “c” rating to a “b” rating in a research report on Wednesday, February 5th. DA Davidson raised Ichor from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $25.00 to $34.00 in a research report on Thursday, October 24th. Deutsche Bank set a $32.00 price objective on Ichor and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Cowen boosted their price target on Ichor from $26.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $37.38.

Ichor Company Profile

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising electroplating and cleaning.

Featured Story: Range Trading

Receive News & Ratings for Ichor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ichor and related companies with MarketBeat.com's FREE daily email newsletter.