Ichor Holdings, Ltd. (NASDAQ:ICHR – Get Free Report) Director Jorge Titinger sold 4,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $64.21, for a total value of $256,840.00. Following the sale, the director owned 12,318 shares in the company, valued at $790,938.78. The trade was a 24.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Jorge Titinger also recently made the following trade(s):
- On Monday, February 23rd, Jorge Titinger sold 1,200 shares of Ichor stock. The shares were sold at an average price of $50.11, for a total value of $60,132.00.
Ichor Stock Performance
NASDAQ:ICHR opened at $65.32 on Friday. The stock’s fifty day moving average is $58.78 and its 200 day moving average is $38.32. Ichor Holdings, Ltd. has a fifty-two week low of $13.12 and a fifty-two week high of $78.00. The firm has a market capitalization of $2.28 billion, a PE ratio of -44.13 and a beta of 1.87. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.21 and a current ratio of 2.82.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on ICHR. Stifel Nicolaus set a $76.00 target price on Ichor in a research note on Friday, May 1st. TD Cowen increased their target price on Ichor from $55.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. B. Riley Financial reiterated a “buy” rating on shares of Ichor in a research note on Monday, April 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ichor in a research note on Friday, March 27th. Finally, Needham & Company LLC increased their target price on Ichor from $48.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.57.
Read Our Latest Research Report on Ichor
Hedge Funds Weigh In On Ichor
Several institutional investors have recently made changes to their positions in ICHR. Invesco Ltd. increased its stake in shares of Ichor by 141.2% during the fourth quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock valued at $55,730,000 after buying an additional 1,770,425 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Ichor by 497.2% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,698,239 shares of the technology company’s stock valued at $29,753,000 after buying an additional 1,413,870 shares during the period. Millennium Management LLC increased its stake in shares of Ichor by 1,710.7% during the third quarter. Millennium Management LLC now owns 855,011 shares of the technology company’s stock valued at $14,980,000 after buying an additional 807,792 shares during the period. Royce & Associates LP increased its stake in shares of Ichor by 48.5% during the fourth quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock valued at $26,707,000 after buying an additional 473,440 shares during the period. Finally, J. Goldman & Co LP purchased a new position in shares of Ichor during the fourth quarter valued at $6,663,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.
About Ichor
Ichor Holdings Ltd. is a global supplier of critical subsystems used in the fabrication of semiconductor devices. The company specializes in the design, engineering and manufacturing of gas delivery systems, vacuum pumps and abatement solutions that manage process gases and by-products in wafer-processing tools. Its modular subsystems are designed to integrate with lithography, etch, deposition and cleaning equipment, helping to ensure precise control of gas flow, pressure and purity throughout the chip-manufacturing cycle.
Founded in the mid-1980s and headquartered in Fremont, California, Ichor has expanded its footprint across Asia, Europe and North America.
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