Strs Ohio purchased a new position in Ichor Holdings, Ltd. (NASDAQ:ICHR – Free Report) during the first quarter, Holdings Channel reports. The fund purchased 5,200 shares of the technology company’s stock, valued at approximately $242,000.
A number of other institutional investors have also recently made changes to their positions in ICHR. Steward Partners Investment Advisory LLC bought a new position in shares of Ichor in the fourth quarter worth approximately $26,000. Newbridge Financial Services Group Inc. bought a new stake in Ichor during the 2nd quarter valued at $27,000. Hantz Financial Services Inc. boosted its position in Ichor by 64.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock valued at $28,000 after buying an additional 590 shares during the period. Danske Bank A S purchased a new stake in Ichor during the 3rd quarter valued at $28,000. Finally, AdvisorNet Financial Inc bought a new stake in Ichor in the 1st quarter worth $37,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.
Ichor Trading Up 4.0%
ICHR stock traded up $3.86 during trading on Friday, reaching $100.30. The company had a trading volume of 881,521 shares, compared to its average volume of 1,265,133. The business has a 50 day moving average of $81.40 and a 200 day moving average of $55.57. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.82 and a quick ratio of 1.21. The company has a market cap of $3.50 billion, a P/E ratio of -67.77 and a beta of 1.78. Ichor Holdings, Ltd. has a 52 week low of $13.12 and a 52 week high of $113.58.
Wall Street Analyst Weigh In
ICHR has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ichor in a research note on Wednesday, June 24th. Stifel Nicolaus boosted their price target on Ichor from $76.00 to $115.00 and gave the company a “buy” rating in a report on Friday. Oppenheimer increased their price objective on Ichor from $36.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, May 5th. Zacks Research upgraded Ichor from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 3rd. Finally, TD Cowen boosted their target price on Ichor from $80.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $82.29.
Check Out Our Latest Stock Report on Ichor
Insiders Place Their Bets
In related news, Director Marc Haugen sold 9,923 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $72.11, for a total value of $715,547.53. Following the completion of the transaction, the director directly owned 16,162 shares in the company, valued at $1,165,441.82. This trade represents a 38.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jorge Titinger sold 4,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $64.21, for a total transaction of $256,840.00. Following the sale, the director directly owned 12,318 shares in the company, valued at $790,938.78. The trade was a 24.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 79,447 shares of company stock valued at $5,678,621 in the last 90 days. Corporate insiders own 1.70% of the company’s stock.
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.
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