Insider Selling: Ichor Holdings, Ltd. (NASDAQ:ICHR) Director Sells 3,000 Shares of Stock

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) Director Jorge Titinger sold 3,000 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.04, for a total value of $96,120.00. Following the transaction, the director now directly owns 9,832 shares in the company, valued at approximately $315,017.28. The trade was a 23.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Ichor Price Performance

Shares of NASDAQ:ICHR traded down $1.31 during trading on Tuesday, hitting $32.75. 332,850 shares of the stock were exchanged, compared to its average volume of 294,931. The company has a fifty day moving average price of $31.30 and a two-hundred day moving average price of $30.52. The company has a market cap of $1.10 billion, a PE ratio of -50.38 and a beta of 1.91. The company has a current ratio of 3.34, a quick ratio of 1.69 and a debt-to-equity ratio of 0.17. Ichor Holdings, Ltd. has a 12-month low of $25.95 and a 12-month high of $46.43.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.14). Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. On average, analysts forecast that Ichor Holdings, Ltd. will post 0.86 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ICHR. Needham & Company LLC restated a "hold" rating on shares of Ichor in a research report on Wednesday, February 5th. B. Riley reaffirmed a "buy" rating and issued a $38.00 price objective (up previously from $36.00) on shares of Ichor in a report on Tuesday, November 5th. Finally, TD Cowen lowered their price objective on Ichor from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, January 17th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Ichor has an average rating of "Moderate Buy" and an average target price of $42.29.

Institutional Investors Weigh In On Ichor

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. KLP Kapitalforvaltning AS acquired a new stake in shares of Ichor during the 4th quarter worth $193,000. Sei Investments Co. increased its holdings in shares of Ichor by 57.9% during the 4th quarter. Sei Investments Co. now owns 12,943 shares of the technology company's stock worth $417,000 after buying an additional 4,745 shares during the last quarter. American Century Companies Inc. acquired a new stake in shares of Ichor during the 4th quarter worth $382,000. Quantbot Technologies LP increased its holdings in shares of Ichor by 88.7% during the 4th quarter. Quantbot Technologies LP now owns 13,293 shares of the technology company's stock worth $428,000 after buying an additional 6,248 shares during the last quarter. Finally, Summit Global Investments acquired a new stake in shares of Ichor during the 4th quarter worth $253,000. Hedge funds and other institutional investors own 94.81% of the company's stock.

Ichor Company Profile

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.