Insider Selling: Ichor Holdings, Ltd. (ICHR) Insider Sells $940,090.50 in Stock
Ichor Holdings, Ltd. (NASDAQ:ICHR) insider Philip Ryan Sr. Barros sold 35,650 shares of Ichor stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $26.37, for a total transaction of $940,090.50. Following the sale, the insider now directly owns 32,090 shares in the company, valued at $846,213.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Philip Ryan Sr. Barros also recently made the following trade(s):
- On Tuesday, September 5th, Philip Ryan Sr. Barros sold 35,650 shares of Ichor stock. The shares were sold at an average price of $22.48, for a total transaction of $801,412.00.
Shares of Ichor Holdings, Ltd. (NASDAQ ICHR) opened at $24.05 on Thursday. Ichor Holdings, Ltd. has a 1-year low of $9.76 and a 1-year high of $35.51. The company has a current ratio of 2.03, a quick ratio of 0.99 and a debt-to-equity ratio of 0.34. The firm has a market cap of $606.46 and a P/E ratio of 10.77.
Ichor (NASDAQ:ICHR) last posted its earnings results on Thursday, November 9th. The technology company reported $0.62 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.62. Ichor had a net margin of 7.43% and a return on equity of 32.99%. The firm had revenue of $164.50 million for the quarter, compared to analyst estimates of $165.16 million. The firm’s revenue 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 fiscal year.
Large investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Ichor in the 3rd quarter valued at $107,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Ichor in the 2nd quarter valued at $162,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Ichor in the 3rd quarter valued at $228,000. The Manufacturers Life Insurance Company bought a new stake in shares of Ichor in the 2nd quarter valued at $180,000. Finally, Royal Bank of Canada boosted its stake in shares of Ichor by 38.2% in the 2nd quarter. Royal Bank of Canada now owns 9,400 shares of the technology company’s stock valued at $189,000 after purchasing an additional 2,600 shares during the last quarter. 75.49% of the stock is currently owned by institutional investors.
Several brokerages recently issued reports on ICHR. Stifel Nicolaus lifted their price target on shares of Ichor from $26.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Deutsche Bank reissued a “buy” rating and set a $26.00 target price (up from $24.00) on shares of Ichor in a report on Wednesday, August 9th. Royal Bank Of Canada reissued an “outperform” rating and set a $27.00 target price (up from $26.00) on shares of Ichor in a report on Wednesday, August 9th. Needham & Company LLC boosted their target price on shares of Ichor from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Finally, Cowen boosted their target price on shares of Ichor from $27.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. Six equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of $35.17.
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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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