Ichor Holdings, Ltd. (NASDAQ:ICHR) Director Iain Mackenzie Acquires 25,000 Shares

Key Points

• Iain Mackenzie, a director at Ichor Holdings, acquired 25,000 shares of the company at an average price of $16.63 per share, increasing his total ownership to approximately $997,982.
• Ichor's stock experienced a 7.9% decline on Monday, closing at $16.06, notably below its 50-day moving average of $19.88 and its 200-day average of $22.26.
• The company reported earnings of $0.03 EPS, missing estimates, while its quarterly revenue rose by 18.2% year-over-year, reflecting resilience despite a negative net margin.

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) Director Iain Mackenzie acquired 25,000 shares of the business's stock in a transaction on Thursday, August 7th. The shares were bought at an average cost of $16.63 per share, with a total value of $415,750.00. Following the completion of the acquisition, the director owned 60,011 shares of the company's stock, valued at approximately $997,982.93. This trade represents a 71.41% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Ichor Stock Down 7.9%

Ichor stock traded down $1.38 during trading on Monday, hitting $16.06. 1,415,556 shares of the company were exchanged, compared to its average volume of 477,733. The business's 50 day moving average is $19.88 and its 200 day moving average is $22.26. The company has a market capitalization of $551.34 million, a P/E ratio of -26.33 and a beta of 1.75. Ichor Holdings, Ltd. has a 52 week low of $13.12 and a 52 week high of $36.48. The company has a current ratio of 3.22, a quick ratio of 1.32 and a debt-to-equity ratio of 0.17.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The technology company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.11). The firm had revenue of $240.29 million for the quarter, compared to the consensus estimate of $234.51 million. Ichor had a negative net margin of 2.23% and a negative return on equity of 0.77%. The firm's revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 earnings per share. Analysts predict that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its position in shares of Ichor by 95.1% during the second quarter. GAMMA Investing LLC now owns 1,619 shares of the technology company's stock worth $32,000 after buying an additional 789 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Ichor by 1,060.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,753 shares of the technology company's stock valued at $34,000 after buying an additional 1,602 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in Ichor in the 2nd quarter valued at $37,000. Quarry LP grew its holdings in shares of Ichor by 54.9% during the fourth quarter. Quarry LP now owns 2,426 shares of the technology company's stock worth $78,000 after purchasing an additional 860 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Ichor by 105.6% in the 2nd quarter. CWM LLC now owns 4,532 shares of the technology company's stock worth $89,000 after purchasing an additional 2,328 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ICHR shares. B. Riley lowered Ichor from a "buy" rating to a "neutral" rating and set a $18.00 price objective on the stock. in a research note on Tuesday, August 5th. Wall Street Zen lowered shares of Ichor from a "hold" rating to a "sell" rating in a research note on Saturday. Stifel Nicolaus set a $23.00 target price on shares of Ichor and gave the company a "buy" rating in a research report on Tuesday, August 5th. TD Cowen cut their price objective on shares of Ichor from $28.00 to $22.00 and set a "buy" rating on the stock in a research report on Tuesday, August 5th. Finally, Oppenheimer set a $21.00 price target on Ichor and gave the company a "market perform" rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Ichor currently has a consensus rating of "Hold" and a consensus target price of $23.80.

About Ichor

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.

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