Jorge Titinger Sells 1,200 Shares of Ichor (NASDAQ:ICHR) Stock

Ichor Holdings, Ltd. (NASDAQ:ICHR) Director Jorge Titinger sold 1,200 shares of the business’s stock in a transaction dated 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. The trade was a 7.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Ichor Price Performance

Shares of NASDAQ ICHR opened at $46.90 on Friday. The company has a 50 day simple moving average of $31.67 and a two-hundred day simple moving average of $22.79. Ichor Holdings, Ltd. has a fifty-two week low of $13.12 and a fifty-two week high of $55.33. The company has a market capitalization of $1.62 billion, a price-to-earnings 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ICHR shares. Wall Street Zen raised Ichor from a “strong sell” rating to a “hold” rating in a research note on Sunday, February 15th. Stifel Nicolaus set a $30.00 price target on shares of Ichor in a research note on Tuesday, February 10th. DA Davidson raised their price objective on shares of Ichor from $30.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Needham & Company LLC lifted their target price on shares of Ichor from $36.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ichor in a report on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Ichor has an average rating of “Hold” and an average target price 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 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.

Hedge Funds Weigh In On Ichor

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Invesco Ltd. grew its stake in shares of Ichor by 141.2% in the fourth quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock worth $55,730,000 after acquiring an additional 1,770,425 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new stake in Ichor in the fourth quarter worth approximately $252,000. Voloridge Investment Management LLC purchased a new stake in Ichor in the fourth quarter worth approximately $545,000. Tudor Investment Corp ET AL bought a new stake in Ichor in the 4th quarter worth approximately $636,000. Finally, Numerai GP LLC raised its stake in Ichor by 28.4% during the 4th quarter. Numerai GP LLC now owns 36,227 shares of the technology company’s stock valued at $668,000 after buying an additional 8,019 shares during the last quarter. Institutional investors own 94.81% of the company’s stock.

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.