Ichor (NASDAQ:ICHR) Trading Down 5.6% – Time to Sell?

Ichor Holdings, Ltd. (NASDAQ:ICHR) shares were down 5.6% during mid-day trading on Thursday . The company traded as low as $47.16 and last traded at $48.29. Approximately 100,444 shares traded hands during trading, a decline of 90% from the average daily volume of 1,019,359 shares. The stock had previously closed at $51.16.

Analyst Ratings Changes

ICHR has been the topic of a number of recent research reports. Craig Hallum reaffirmed a “buy” rating and set a $36.00 price target on shares of Ichor in a research report on Wednesday, January 14th. TD Cowen reissued a “buy” rating on shares of Ichor in a research note on Tuesday, February 10th. Wall Street Zen upgraded shares of Ichor from a “strong sell” rating to a “hold” rating in a report on Sunday, February 15th. B. Riley Financial raised shares of Ichor from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 10th. Finally, Zacks Research upgraded Ichor from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.14.

Ichor Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.38 and a current ratio of 3.16. The stock has a fifty day simple moving average of $41.13 and a two-hundred day simple moving average of $26.60. The stock has a market cap of $1.59 billion, a PE ratio of -29.68 and a beta of 1.76.

Insiders Place Their Bets

In other Ichor news, COO Bruce Ragsdale sold 21,276 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $49.66, for a total value of $1,056,566.16. Following the transaction, the chief operating officer owned 97,661 shares in the company, valued at $4,849,845.26. The trade was a 17.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Philip Ryan Sr. Barros sold 21,000 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $46.63, for a total transaction of $979,230.00. Following the completion of the transaction, the chief executive officer directly owned 153,936 shares of the company’s stock, valued at approximately $7,178,035.68. The trade was a 12.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 120,259 shares of company stock valued at $5,689,250. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

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