Buys Shares of 108400 Ichor Holdings Ltd (ICHR)

Marco Green
January 21, 2018

Other hedge funds and other institutional investors have also made changes to their positions in the company. NY lifted its holdings in Ichor by 76.1% during the 3rd quarter. The stock exchanged hands with 3,822,890 numbers of shares compared to its average daily volume of 1.14M shares. Finally, Goldman Sachs Group Inc. grew its stake in Ichor by 107.9% during the 2nd quarter. NY now owns 906,600 shares of the technology company's stock valued at $18,277,000 after acquiring an additional 873,000 shares in the last quarter. Goldman Sachs Group Inc. now owns 30,822 shares of the technology company's stock valued at $621,000 after purchasing an additional 15,995 shares during the period.

A number of brokerages have commented on ICHR. Staying on top of longer-term price action may help provide investors with a wider range of reference when doing stock analysis. Needham & Company LLC reissued a "buy" rating and set a $30.00 price objective on shares of Ichor in a report on Tuesday, September 19th. Zacks Investment Research lowered Ichor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 11th. Cowen boosted their target price on Ichor from $27.00 to $38.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 18th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock.

CHS is now overvalued by 4.25% relative to the average 1-year price target of $9.18 taken from a group of Wall Street Analysts. Finally, Hancock Holding Co. grew its position in Ichor by 1.2% in the second quarter. Ichor has a fifty-two week low of $14.98 and a fifty-two week high of $35.51. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.03 and a quick ratio of 0.99.

In order to put CHS's recent price performance into context, we need to get a sense of how the stock moves in relation to the overall market.

Ichor (NASDAQ:ICHR) last issued its earnings results on Thursday, November 9th. Previously Ichor (NASDAQ:ICHR) reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62 by $0 with surprise factor of 0%. Presently, it has a Return on Equity (ROE) of -121.30% and Return on Investment (ROI) of -7.70%. The business had revenue of $164.50 million during the quarter, compared to analyst estimates of $165.16 million.

While taking a look at financials, we can look at a number of key indicators about Ichor Holdings, Ltd. (ICHR).

In the transaction dated November 28, 2017, the great number of shares disposed came courtesy the Director, 10% Owner; Deb Dipanjan disposed a total of 6,287 shares at an average price of $30.12, amounting to approximately $189,364. The circumstantial evidence specially high/lower types of ownership has a vital gauge for investing research process and it should be done carefully, as rather than offering help in finding value; it can sometimes give false signals and lead an investor astray. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Thomas M. Rohrs sold 130,767 shares of the stock in a transaction dated Monday, November 13th.

On 12/1/2017 Maurice Eugene Carson, CFO, sold 17,300 with an average share price of $26.38 per share and the total transaction amounting to $456,374.00. Following the sale, the chief executive officer now owns 173,090 shares of the company's stock, valued at $4,820,556.50. The disclosure for this sale can be found here.

Consequently Ichor (NASDAQ:ICHR)'s weekly and monthly volatility is 6.79%, 5.69% respectively.

Multiple company employees have indulged in significant insider trading.

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