Harvey Partners LLC Purchases New Stake in Ichor Holdings, Ltd. $ICHR

Harvey Partners LLC acquired a new position in Ichor Holdings, Ltd. (NASDAQ:ICHR) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 182,000 shares of the technology company’s stock, valued at approximately $3,189,000. Harvey Partners LLC owned approximately 0.53% of Ichor at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Cinctive Capital Management LP purchased a new stake in shares of Ichor in the third quarter worth approximately $2,033,000. Aquatic Capital Management LLC boosted its holdings in shares of Ichor by 9.8% during the third quarter. Aquatic Capital Management LLC now owns 11,902 shares of the technology company’s stock worth $209,000 after purchasing an additional 1,058 shares during the period. Alliancebernstein L.P. grew its position in Ichor by 2.0% during the third quarter. Alliancebernstein L.P. now owns 812,815 shares of the technology company’s stock valued at $14,241,000 after purchasing an additional 15,924 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in Ichor during the third quarter valued at approximately $317,000. Finally, Raymond James Financial Inc. increased its stake in Ichor by 45.0% in the 3rd quarter. Raymond James Financial Inc. now owns 166,533 shares of the technology company’s stock valued at $2,918,000 after buying an additional 51,703 shares during the period. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ICHR shares. DA Davidson increased their target price on shares of Ichor from $30.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. B. Riley Financial upgraded shares of Ichor from a “neutral” rating to a “buy” rating in a report on Tuesday, February 10th. TD Cowen reiterated a “buy” rating on shares of Ichor in a report on Tuesday, February 10th. Wall Street Zen raised Ichor from a “strong sell” rating to a “hold” rating in a research report on Sunday, February 15th. Finally, Zacks Research upgraded Ichor from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Ichor presently has an average rating of “Hold” and an average target price of $39.57.

Insider Buying and Selling at Ichor

In other news, CEO Philip Ryan Sr. Barros sold 21,000 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $46.63, for a total transaction of $979,230.00. Following the transaction, the chief executive officer owned 153,936 shares in the company, valued at approximately $7,178,035.68. This trade represents a 12.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Greg Swyt sold 3,000 shares of Ichor stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $51.20, for a total transaction of $153,600.00. Following the completion of the sale, the chief financial officer directly owned 78,679 shares of the company’s stock, valued at approximately $4,028,364.80. The trade was a 3.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 120,259 shares of company stock worth $5,689,250 in the last ninety days. Company insiders own 1.90% of the company’s stock.

Ichor Price Performance

NASDAQ ICHR opened at $41.43 on Monday. The company has a quick ratio of 1.38, a current ratio of 3.16 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1.44 billion, a PE ratio of -26.90 and a beta of 1.76. The company has a 50 day moving average price of $37.26 and a two-hundred day moving average price of $24.90. Ichor Holdings, Ltd. has a 12-month low of $13.12 and a 12-month high of $55.33.

Ichor Company Profile

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.