Ichor (NASDAQ:ICHR) Trading Down 8.7% After Insider Selling

Ichor Holdings, Ltd. (NASDAQ:ICHR) shares traded down 8.7% during mid-day trading on Thursday after an insider sold shares in the company. The company traded as low as $46.21 and last traded at $47.8260. 357,435 shares changed hands during trading, a decline of 69% from the average session volume of 1,155,338 shares. The stock had previously closed at $52.41.

Specifically, CFO Greg Swyt sold 3,000 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $51.20, for a total value of $153,600.00. Following the completion of the transaction, the chief financial officer directly owned 78,679 shares of the company’s stock, valued at approximately $4,028,364.80. This trade represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jorge Titinger sold 1,200 shares of the company’s stock in a transaction on 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 directly 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. In other news, Director Marc Haugen sold 19,875 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $49.71, for a total transaction of $987,986.25. Following the transaction, the director directly owned 26,085 shares in the company, valued at $1,296,685.35. The trade was a 43.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Wall Street Analysts Forecast Growth

ICHR has been the subject of a number of research analyst reports. Zacks Research upgraded Ichor from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ichor in a research note on Monday, December 29th. B. Riley Financial upgraded Ichor from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 10th. DA Davidson lifted their price objective on shares of Ichor from $30.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Ichor in a research report on Tuesday, February 10th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $39.57.

Key Headlines Impacting Ichor

Here are the key news stories impacting Ichor this week:

• Positive Sentiment: Sharp drop in short interest — Short interest fell about 18.5% in February to ~2.26M shares (≈6.7% of float), lowering the days-to-cover to ~1.4. Reduced short pressure can remove a source of forced selling and be supportive to the shares.
• Positive Sentiment: Ichor to present at a Stifel Technology 1×1 investor event — Management exposure at the conference could clarify near-term outlook and act as a catalyst if commentary or guidance is upbeat. Read More.
• Neutral Sentiment: Analyst mix remains mixed — Several firms have reaffirmed or raised coverage (DA Davidson raised its target to $53; TD Cowen remains constructive) but consensus is still a “Hold” with an average target near $39.6, indicating divergent views rather than a clear near-term runway.
• Neutral Sentiment: High institutional ownership — ~94.8% of shares are held by institutions, which can stabilize trading but also concentrate buying/selling flows; recent small institutional moves were noted in filings.
• Negative Sentiment: Significant insider selling by senior management — Multiple Form 4 filings show large disposals in late Feb: COO Bruce Ragsdale sold 21,276 shares (~$49.66 avg), Director Marc Haugen sold 19,875 shares (~$49.71 avg), CFO Greg Swyt sold 3,000 shares (~$51.20 avg), and Director Jorge Titinger sold 1,200 shares (~$50.11 avg). The size and timing of these sales are the most likely proximate cause of today’s negative sentiment. Read More. Read More. Read More. Read More.

Ichor Stock Down 10.5%

The stock’s fifty day simple moving average is $31.67 and its 200-day simple moving average is $22.79. The stock has a market cap of $1.62 billion, a P/E ratio of -30.45 and a beta of 1.89. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.38 and a current ratio of 3.16.

Hedge Funds Weigh In On Ichor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC bought a new position in shares of Ichor in the fourth quarter worth $26,000. Newbridge Financial Services Group Inc. acquired a new stake in Ichor during the second quarter worth about $27,000. Hantz Financial Services Inc. increased its holdings in Ichor by 64.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock valued at $28,000 after buying an additional 590 shares during the period. Danske Bank A S acquired a new position in shares of Ichor in the 3rd quarter valued at approximately $28,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Ichor by 1,060.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,753 shares of the technology company’s stock worth $34,000 after acquiring an additional 1,602 shares during the period. 94.81% of the stock is owned by institutional investors and hedge funds.

About Ichor

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.