Toth Financial Advisory Corp bought a new position in Ichor Holdings, Ltd. (NASDAQ:ICHR) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,100 shares of the technology company’s stock, valued at approximately $597,000.
Several other institutional investors and hedge funds have also bought and sold shares of ICHR. Harbor Investment Advisory LLC purchased a new position in shares of Ichor in the first quarter worth about $25,000. Tompkins Financial Corp bought a new stake in Ichor during the fourth quarter valued at approximately $193,000. Arizona State Retirement System bought a new stake in Ichor during the fourth quarter valued at approximately $201,000. ExodusPoint Capital Management LP bought a new stake in Ichor during the fourth quarter valued at approximately $202,000. Finally, AJ Wealth Strategies LLC bought a new stake in Ichor during the fourth quarter valued at approximately $246,000. Hedge funds and other institutional investors own 78.20% of the company’s stock.
Shares of ICHR opened at $57.51 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.20 and a quick ratio of 1.27. Ichor Holdings, Ltd. has a 1 year low of $19.52 and a 1 year high of $63.42. The company has a 50 day simple moving average of $51.80 and a two-hundred day simple moving average of $37.97. The firm has a market cap of $1.61 billion, a P/E ratio of 46.01 and a beta of 2.33.
Ichor (NASDAQ:ICHR) last announced its quarterly earnings data on Monday, February 1st. The technology company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.10. Ichor had a net margin of 3.34% and a return on equity of 17.61%. The business had revenue of $245.00 million during the quarter, compared to analyst estimates of $188.90 million. During the same period last year, the firm posted $0.48 EPS. The company’s revenue was up 29.4% on a year-over-year basis. On average, sell-side analysts anticipate that Ichor Holdings, Ltd. will post 2.01 earnings per share for the current year.
A number of equities research analysts have recently weighed in on ICHR shares. B. Riley boosted their price objective on shares of Ichor from $63.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, April 5th. DA Davidson upped their price target on shares of Ichor from $50.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, April 14th. Needham & Company LLC boosted their price objective on shares of Ichor from $46.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Ichor from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, February 3rd. Finally, Cowen boosted their price objective on shares of Ichor from $48.00 to $61.00 and gave the company an “outperform” rating in a research report on Wednesday, April 14th. Eight equities research analysts have rated the stock with a buy rating, Ichor currently has an average rating of “Buy” and an average price target of $56.88.
In other news, COO Kevin M. Canty sold 1,500 shares of the stock in a transaction that occurred on Wednesday, April 7th. The stock was sold at an average price of $60.10, for a total transaction of $90,150.00. Following the completion of the transaction, the chief operating officer now directly owns 54,595 shares in the company, valued at approximately $3,281,159.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas M. Rohrs sold 25,000 shares of the stock in a transaction that occurred on Wednesday, February 10th. The shares were sold at an average price of $41.46, for a total value of $1,036,500.00. Following the transaction, the director now owns 149,595 shares of the company’s stock, valued at $6,202,208.70. The disclosure for this sale can be found here. Insiders have sold a total of 51,500 shares of company stock valued at $2,196,650 over the last quarter. Corporate insiders own 3.90% of the company’s stock.
Ichor Holdings Ltd. engages in designing, engineering, and manufacturing fluid delivery subsystems for semiconductor capital equipment. It offers gas and chemical delivery systems, which are key elements of the process tools used in the manufacturing of semiconductor devices. The firm also manufactures precision machined components, weldments, and proprietary products for use in fluid delivery systems for direct sales to its customers.
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