Ichor (NASDAQ:ICHR) Director Marc Haugen Sells 19,875 Shares

Ichor Holdings, Ltd. (NASDAQ:ICHR) Director Marc Haugen sold 19,875 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $49.71, for a total transaction of $987,986.25. Following the transaction, the director directly owned 26,085 shares of the company’s stock, valued at approximately $1,296,685.35. This represents a 43.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ichor Stock Performance

Shares of NASDAQ:ICHR traded down $5.66 during midday trading on Thursday, hitting $46.75. The company’s stock had a trading volume of 149,409 shares, compared to its average volume of 1,150,769. The stock’s 50 day simple moving average is $31.08 and its 200 day simple moving average is $22.62. Ichor Holdings, Ltd. has a fifty-two week low of $13.12 and a fifty-two week high of $55.33. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of -30.05 and a beta of 1.89. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.38 and a current ratio of 3.16.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ICHR. Oppenheimer increased their price target on shares of Ichor from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Tuesday, February 10th. TD Cowen reissued a “buy” rating on shares of Ichor in a research report on Tuesday, February 10th. Stifel Nicolaus set a $30.00 price target on Ichor in a report on Tuesday, February 10th. Zacks Research upgraded Ichor from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a research report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $39.57.

Institutional Trading of Ichor

Large investors have recently bought and sold shares of the stock. Invesco Ltd. raised its stake in Ichor by 141.2% during 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 in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Ichor during the 4th quarter worth about $252,000. Voloridge Investment Management LLC bought a new position in Ichor during the 4th quarter valued at about $545,000. Tudor Investment Corp ET AL acquired a new position in Ichor in the fourth quarter valued at about $636,000. Finally, Numerai GP LLC grew its stake in Ichor by 28.4% during the fourth quarter. Numerai GP LLC now owns 36,227 shares of the technology company’s stock worth $668,000 after buying an additional 8,019 shares during the last quarter. 94.81% of the stock is currently owned by 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.