Jeff Andreson Buys 10,000 Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) Stock

Ichor Holdings, Ltd. (NASDAQ:ICHR) CEO Jeff Andreson purchased 10,000 shares of the company’s stock in a transaction dated Thursday, May 8th. The stock was purchased at an average price of $16.86 per share, with a total value of $168,600.00. Following the transaction, the chief executive officer now owns 285,594 shares of the company’s stock, valued at approximately $4,815,114.84. This represents a 3.63 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ichor Price Performance

Shares of NASDAQ:ICHR opened at $16.99 on Friday. The business has a fifty day simple moving average of $21.65 and a 200-day simple moving average of $27.93. Ichor Holdings, Ltd. has a 52 week low of $15.38 and a 52 week high of $42.70. The company has a market cap of $579.58 million, a P/E ratio of -26.14 and a beta of 1.83. The company has a quick ratio of 1.49, a current ratio of 3.34 and a debt-to-equity ratio of 0.17.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Monday, May 5th. The technology company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.14). Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. The company had revenue of $244.47 million for the quarter, compared to analyst estimates of $244.95 million. During the same period in the prior year, the company earned ($0.09) EPS. The company’s revenue was up 21.4% compared to the same quarter last year. Equities research analysts forecast that Ichor Holdings, Ltd. will post 1.01 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ICHR. StockNews.com downgraded shares of Ichor from a “hold” rating to a “sell” rating in a report on Thursday, April 10th. Needham & Company LLC restated a “hold” rating on shares of Ichor in a research report on Tuesday. TD Cowen lowered their target price on Ichor from $38.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday. Oppenheimer cut their price target on Ichor from $35.00 to $25.00 and set a “market perform” rating for the company in a report on Friday, April 11th. Finally, Stifel Nicolaus decreased their price objective on Ichor from $35.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $34.00.

Institutional Trading of Ichor

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in Ichor by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,724,058 shares of the technology company’s stock valued at $55,547,000 after acquiring an additional 111,337 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Ichor by 7.9% during the 1st quarter. Royce & Associates LP now owns 932,925 shares of the technology company’s stock worth $21,093,000 after purchasing an additional 68,680 shares during the period. Nuveen Asset Management LLC increased its position in Ichor by 18.7% during the 4th quarter. Nuveen Asset Management LLC now owns 777,289 shares of the technology company’s stock worth $25,044,000 after purchasing an additional 122,280 shares in the last quarter. JPMorgan Chase & Co. increased its position in Ichor by 73.6% during the 4th quarter. JPMorgan Chase & Co. now owns 590,630 shares of the technology company’s stock worth $19,030,000 after purchasing an additional 250,383 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Ichor by 3.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 520,274 shares of the technology company’s stock valued at $11,763,000 after buying an additional 17,981 shares during the period. 94.81% of the stock is owned by hedge funds and other institutional investors.

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.