Ichor (NASDAQ:ICHR) CFO Greg Swyt Sells 3,000 Shares

Ichor Holdings, Ltd. (NASDAQ:ICHR) CFO Greg Swyt sold 3,000 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $51.20, for a total value of $153,600.00. Following the transaction, the chief financial officer directly owned 78,679 shares of the company’s stock, valued at approximately $4,028,364.80. This trade represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Ichor Price Performance

Shares of ICHR traded down $1.17 during mid-day trading on Wednesday, hitting $52.41. The company’s stock had a trading volume of 1,120,761 shares, compared to its average volume of 1,179,529. The company has a current ratio of 3.16, a quick ratio of 1.38 and a debt-to-equity ratio of 0.18. Ichor Holdings, Ltd. has a 1-year low of $13.12 and a 1-year high of $55.33. The firm has a market capitalization of $1.82 billion, a P/E ratio of -34.03 and a beta of 1.89. The firm has a 50-day simple moving average of $30.36 and a 200 day simple moving average of $22.41.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ICHR shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ichor in a report on Monday, December 29th. TD Cowen restated a “buy” rating on shares of Ichor in a research report on Tuesday, February 10th. Wall Street Zen upgraded shares of Ichor from a “strong sell” rating to a “hold” rating in a research report on Sunday, February 15th. B. Riley Financial raised Ichor from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 10th. Finally, Zacks Research upgraded Ichor from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $39.57.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Invesco Ltd. boosted its position in shares of Ichor by 141.2% in the fourth quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock worth $55,730,000 after acquiring an additional 1,770,425 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in 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 worth $29,753,000 after purchasing an additional 1,413,870 shares during the last quarter. Millennium Management LLC raised its stake in Ichor by 1,710.7% during the third quarter. Millennium Management LLC now owns 855,011 shares of the technology company’s stock worth $14,980,000 after purchasing an additional 807,792 shares during the period. Royce & Associates LP boosted its holdings in shares of Ichor by 48.5% in the 4th quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock valued at $26,707,000 after purchasing an additional 473,440 shares during the last quarter. Finally, J. Goldman & Co LP purchased a new stake in shares of Ichor during the 4th quarter valued at $6,663,000. 94.81% of the stock is owned by hedge funds and other institutional investors.

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.