Ichor Holdings, Ltd. (NASDAQ:ICHR)’s share price dropped 6.3% on Thursday following insider selling activity. The company traded as low as $17.76 and last traded at $18.03, with a volume of 1,390,474 shares traded. The stock had previously closed at $19.25.
Specifically, insider Philip Ryan Sr. Barros sold 35,650 shares of the stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $25.84, for a total value of $921,196.00. Following the completion of the transaction, the insider now owns 32,090 shares in the company, valued at $829,205.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dipanjan Deb sold 5,423,692 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $18.50, for a total value of $100,338,302.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,562,680 shares of company stock valued at $103,376,948. 5.80% of the stock is owned by corporate insiders.
ICHR has been the subject of a number of research reports. Zacks Investment Research downgraded Ichor Holdings from a “strong-buy” rating to a “sell” rating in a report on Friday, July 7th. Deutsche Bank AG reiterated a “buy” rating and issued a $24.00 price objective (up previously from $20.00) on shares of Ichor Holdings in a report on Saturday, April 29th. Stifel Nicolaus increased their price objective on Ichor Holdings from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Monday, July 10th. Royal Bank Of Canada reiterated a “buy” rating and issued a $24.00 price objective on shares of Ichor Holdings in a report on Friday, June 16th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price objective (up previously from $21.00) on shares of Ichor Holdings in a report on Monday, May 1st. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $27.33.
The firm’s 50-day moving average is $21.52 and its 200 day moving average is $19.93. The company has a market capitalization of $447.25 million and a PE ratio of 9.70.
Ichor Holdings (NASDAQ:ICHR) last issued its quarterly earnings data on Thursday, May 11th. The technology company reported $0.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.57. The company had revenue of $148.70 million for the quarter, compared to analysts’ expectations of $148.69 million. The business’s quarterly revenue was up 102.9% on a year-over-year basis. Analysts anticipate that Ichor Holdings, Ltd. will post $2.40 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the company. Pier Capital LLC bought a new stake in shares of Ichor Holdings during the first quarter worth $1,933,000. Norges Bank bought a new stake in shares of Ichor Holdings during the fourth quarter worth $541,000. Hancock Holding Co. bought a new stake in shares of Ichor Holdings during the first quarter worth $202,000. Whittier Trust Co. bought a new stake in shares of Ichor Holdings during the second quarter worth $485,000. Finally, EAM Investors LLC bought a new stake in shares of Ichor Holdings during the first quarter worth $938,000. Hedge funds and other institutional investors own 88.46% of the company’s stock.
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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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