Ichor (NASDAQ:ICHR) Shares Down 8.2% – Should You Sell?

Ichor Holdings, Ltd. (NASDAQ:ICHR) traded down 8.2% during trading on Thursday . The stock traded as low as $42.04 and last traded at $41.1680. 103,119 shares traded hands during trading, a decline of 90% from the average session volume of 1,084,120 shares. The stock had previously closed at $44.83.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ICHR shares. Craig Hallum reissued a “buy” rating and issued a $36.00 price target on shares of Ichor in a report on Wednesday, January 14th. Needham & Company LLC raised their price target on Ichor from $36.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. B. Riley Financial raised Ichor from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 10th. Stifel Nicolaus set a $30.00 price objective on Ichor in a report on Tuesday, February 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a research report on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $39.57.

Ichor Stock Down 0.5%

The stock has a market capitalization of $1.44 billion, a P/E ratio of -26.90 and a beta of 1.76. The stock has a 50 day moving average price of $37.26 and a 200-day moving average price of $24.80. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.16 and a quick ratio of 1.38.

Insider Transactions at Ichor

In other news, CFO Greg Swyt sold 3,000 shares of the firm’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 owned 78,679 shares in the company, valued at approximately $4,028,364.80. This trade represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Bruce Ragsdale sold 21,276 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $49.66, for a total transaction of $1,056,566.16. Following the sale, the chief operating officer directly owned 97,661 shares of the company’s stock, valued at $4,849,845.26. The trade was a 17.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 120,259 shares of company stock valued at $5,689,250. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Ichor by 4.7% in the 4th quarter. Vanguard Group Inc. now owns 3,333,902 shares of the technology company’s stock worth $61,444,000 after buying an additional 148,993 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Ichor by 141.2% during 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 stake in Ichor by 15.3% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,957,656 shares of the technology company’s stock worth $36,080,000 after acquiring an additional 259,417 shares during the period. Royce & Associates LP lifted its stake in Ichor by 48.5% in the fourth quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock worth $26,707,000 after acquiring an additional 473,440 shares during the period. Finally, State Street Corp boosted its holdings in Ichor by 0.9% in the fourth quarter. State Street Corp now owns 1,285,419 shares of the technology company’s stock valued at $23,690,000 after acquiring an additional 11,645 shares in the last quarter. 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.