Traders Purchase High Volume of Put Options on Ichor (ICHR)

Ichor Holdings Ltd (NASDAQ:ICHR) was the recipient of some unusual options trading activity on Thursday. Investors bought 5,064 put options on the stock. This is an increase of 2,382% compared to the average daily volume of 204 put options.

ICHR opened at $16.70 on Friday. Ichor has a 12-month low of $15.21 and a 12-month high of $34.78. The company has a quick ratio of 1.00, a current ratio of 2.10 and a debt-to-equity ratio of 0.73. The company has a market cap of $469.64 million, a price-to-earnings ratio of 6.93 and a beta of 3.82.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Ichor had a net margin of 7.95% and a return on equity of 35.06%. The company had revenue of $175.20 million during the quarter, compared to analyst estimates of $179.84 million. During the same period last year, the firm posted $0.62 EPS. Ichor’s revenue for the quarter was up 6.5% compared to the same quarter last year. Analysts expect that Ichor will post 2.99 EPS for the current year.

In related news, CFO Jeff Andreson acquired 5,200 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The stock was purchased at an average cost of $24.22 per share, with a total value of $125,944.00. Following the transaction, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $242,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its position in Ichor by 35.1% during the 2nd quarter. BlackRock Inc. now owns 1,603,700 shares of the technology company’s stock worth $34,030,000 after buying an additional 416,283 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ichor by 103.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,158,654 shares of the technology company’s stock valued at $24,587,000 after purchasing an additional 587,943 shares in the last quarter. Selz Capital LLC increased its holdings in shares of Ichor by 296.7% during the 2nd quarter. Selz Capital LLC now owns 671,877 shares of the technology company’s stock valued at $14,257,000 after purchasing an additional 502,516 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Ichor by 245.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 546,840 shares of the technology company’s stock valued at $11,166,000 after purchasing an additional 388,397 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC purchased a new position in shares of Ichor during the 3rd quarter valued at approximately $9,969,000. 84.96% of the stock is owned by institutional investors.

Several equities analysts recently commented on ICHR shares. BidaskClub lowered shares of Ichor from a “hold” rating to a “sell” rating in a research report on Tuesday, July 17th. Royal Bank of Canada reduced their price target on shares of Ichor from $40.00 to $33.00 and set a “$20.46” rating for the company in a research report on Wednesday, July 18th. Cowen set a $32.00 price target on shares of Ichor and gave the stock an “outperform” rating in a research report on Wednesday, August 8th. ValuEngine lowered shares of Ichor from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Finally, Zacks Investment Research raised shares of Ichor from a “hold” rating to a “strong-buy” rating and set a $23.00 price target for the company in a research report on Tuesday, October 9th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $32.00.

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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, the United Kingdom, Singapore, Malaysia, and South Korea. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices.

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