Ichor (NASDAQ:ICHR) Stock Price Down 8.7% on Insider Selling

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

Specifically, CFO Greg Swyt sold 3,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 78,679 shares in the company, valued at approximately $4,028,364.80. This represents a 3.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 value of $60,132.00. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. In other Ichor news, Director Marc Haugen sold 19,875 shares of Ichor stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $49.71, for a total value of $987,986.25. Following the completion of the transaction, the director directly owned 26,085 shares of the company’s stock, valued at $1,296,685.35. The trade was a 43.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Oppenheimer lifted 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. Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a research note on Monday, December 29th. Needham & Company LLC upped their price objective on Ichor from $36.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. B. Riley Financial upgraded Ichor from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 10th. Finally, Wall Street Zen upgraded Ichor from a “strong sell” rating to a “hold” rating in a report on Sunday, February 15th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.57.

Ichor News Summary

Here are the key news stories impacting Ichor this week:

• Positive Sentiment: Sharp drop in short interest — Short interest fell 18.5% in February to 2,261,421 shares (about 6.7% of float), lowering the days-to-cover to ~1.4 days; less short pressure can reduce forced selling risk and support the stock.
• Positive Sentiment: Ichor to present at Stifel Technology 1×1 conference — Management will get investor visibility that can help refine outlook and catalyze re-rating if guidance or commentary is favorable. Ichor to Participate in Upcoming Stifel Technology 1×1 Conference
• Neutral Sentiment: Analyst mix is mixed but trending bullish — several firms reaffirmed/raised coverage (DA Davidson boosted its price target to $53; TD Cowen and Craig Hallum maintain buy ratings) while consensus remains a “Hold” with an average target near $39.57 — suggests diverging views rather than a clear catalyst.
• Neutral Sentiment: Institutional position changes — A number of institutions (e.g., RBC, Jane Street) have recently increased stakes and 94.8% of shares are institutionally owned, which can stabilize trading but also concentrate flows.
• Negative Sentiment: Large insider sales by senior executives — Multiple filings show sizable disposals by top insiders: COO Bruce Ragsdale sold 21,276 shares at ~$49.66 (Ragsdale Form 4), Director Marc Haugen sold 19,875 shares at ~$49.71 (Haugen Form 4), CFO Greg Swyt sold 3,000 shares at ~$51.20 (Swyt Form 4), and Director Jorge Titinger sold 1,200 shares at ~$50.11 (Titinger Form 4). The scale and timing of insider selling likely weighed on sentiment and contributed to the share decline today.

Ichor Stock Down 7.9%

The stock has a market cap of $1.67 billion, a PE ratio of -31.14 and a beta of 1.89. The company has a quick ratio of 1.38, a current ratio of 3.16 and a debt-to-equity ratio of 0.18. The firm has a fifty day moving average of $31.08 and a 200 day moving average of $22.62.

Institutional Trading of Ichor

Several institutional investors have recently modified their holdings of ICHR. Invesco Ltd. boosted its stake in Ichor by 141.2% in the fourth quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock valued at $55,730,000 after acquiring an additional 1,770,425 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Ichor by 497.2% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,698,239 shares of the technology company’s stock valued at $29,753,000 after purchasing an additional 1,413,870 shares during the last quarter. Millennium Management LLC boosted its position in shares of Ichor by 1,710.7% in the 3rd quarter. Millennium Management LLC now owns 855,011 shares of the technology company’s stock valued at $14,980,000 after purchasing an additional 807,792 shares during the period. Royce & Associates LP boosted its position in shares of Ichor by 48.5% in the 4th quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock valued at $26,707,000 after purchasing an additional 473,440 shares during the period. Finally, J. Goldman & Co LP purchased a new position in Ichor during the 4th quarter worth approximately $6,663,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ichor Company 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.