Farther Finance Advisors LLC Raises Stock Holdings in Ichor Holdings, Ltd. $ICHR

Key Points

• Farther Finance Advisors LLC boosted its stake in Ichor by 1,272.0% in Q4, acquiring an additional 19,347 shares to own 20,868 shares worth about $385,000.
• Company insiders have been net sellers recently — including CFO Greg Swyt and Director Jorge Titinger — with insiders selling 120,259 shares valued at about $5.69 million over the last three months; insiders now hold 1.70% of the stock.
• Analysts lean positive (six Buys, two Holds, one Sell) with an average rating of "Moderate Buy" and an average price target of $46.43, notably below the recent share price (opened at about $70.68).

Farther Finance Advisors LLC boosted its stake in Ichor Holdings, Ltd. (NASDAQ:ICHR - Free Report) by 1,272.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,868 shares of the technology company's stock after buying an additional 19,347 shares during the period. Farther Finance Advisors LLC owned approximately 0.06% of Ichor worth $385,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. purchased a new stake in Ichor in the 2nd quarter valued at about $27,000. Danske Bank A S purchased a new stake in Ichor in the 3rd quarter valued at about $28,000. Tower Research Capital LLC TRC raised its holdings in Ichor by 380.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,624 shares of the technology company's stock valued at $71,000 after buying an additional 2,870 shares during the period. SG Americas Securities LLC purchased a new stake in Ichor in the 3rd quarter valued at about $115,000. Finally, Arizona State Retirement System purchased a new stake in Ichor in the 3rd quarter valued at about $176,000. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ichor

In other Ichor news, CFO Greg Swyt sold 3,000 shares of the business's stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $51.20, for a total transaction of $153,600.00. Following the sale, the chief financial officer directly owned 78,679 shares in the company, valued at $4,028,364.80. This represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jorge Titinger sold 1,200 shares of the business's stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $50.11, for a total transaction of $60,132.00. Following the sale, the director owned 13,969 shares in the company, valued at $699,986.59. This trade represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 120,259 shares of company stock valued at $5,689,250. 1.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ICHR shares. Oppenheimer boosted their price objective on shares of Ichor from $32.00 to $36.00 and gave the company a "market perform" rating in a report on Tuesday, February 10th. TD Cowen restated a "buy" rating on shares of Ichor in a report on Tuesday, February 10th. B. Riley Financial reiterated a "buy" rating on shares of Ichor in a research note on Monday, April 20th. Stifel Nicolaus upgraded shares of Ichor from a "hold" rating to a "buy" rating and boosted their price target for the stock from $30.00 to $55.00 in a research note on Tuesday, March 17th. Finally, DA Davidson boosted their price target on shares of Ichor from $30.00 to $53.00 and gave the stock a "buy" rating in a research note on Wednesday, February 11th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Ichor has an average rating of "Moderate Buy" and an average price target of $46.43.

Ichor Stock Down 0.4%

Shares of NASDAQ:ICHR opened at $70.68 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.16 and a quick ratio of 1.38. The firm has a market capitalization of $2.46 billion, a PE ratio of -45.90 and a beta of 1.67. The firm's 50-day moving average is $51.54 and its two-hundred day moving average is $32.95. Ichor Holdings, Ltd. has a 1 year low of $13.12 and a 1 year high of $72.87.

Ichor 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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