Bruce Ragsdale Sells 21,276 Shares of Ichor (NASDAQ:ICHR) Stock

Ichor Holdings, Ltd. (NASDAQ:ICHR) COO Bruce Ragsdale sold 21,276 shares of Ichor stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $49.66, for a total value of $1,056,566.16. Following the sale, the chief operating officer owned 97,661 shares of the company’s stock, valued at approximately $4,849,845.26. This represents a 17.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Ichor Price Performance

Ichor stock opened at $46.90 on Friday. The stock has a market capitalization of $1.62 billion, a P/E ratio of -30.45 and a beta of 1.89. Ichor Holdings, Ltd. has a 12-month low of $13.12 and a 12-month high of $55.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.16 and a quick ratio of 1.38. The firm’s 50-day moving average is $31.67 and its two-hundred day moving average is $22.79.

Hedge Funds Weigh In On Ichor

A number of large investors have recently modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of Ichor by 27.7% during the 1st quarter. Royal Bank of Canada now owns 9,891 shares of the technology company’s stock worth $224,000 after purchasing an additional 2,146 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Ichor by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company’s stock valued at $444,000 after buying an additional 865 shares during the period. Jane Street Group LLC lifted its position in Ichor by 286.0% during the first quarter. Jane Street Group LLC now owns 53,277 shares of the technology company’s stock valued at $1,205,000 after buying an additional 39,476 shares in the last quarter. CWM LLC grew its stake in Ichor by 105.6% during the second quarter. CWM LLC now owns 4,532 shares of the technology company’s stock worth $89,000 after buying an additional 2,328 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in shares of Ichor by 1,060.9% in the second 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 in the last quarter. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about 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.

Analyst Ratings Changes

ICHR has been the topic of several analyst reports. Craig Hallum restated a “buy” rating and set a $36.00 price objective on shares of Ichor in a report on Wednesday, January 14th. B. Riley Financial upgraded Ichor from a “neutral” rating to a “buy” rating in a research report on Tuesday, February 10th. Stifel Nicolaus set a $30.00 price target on Ichor in a report on Tuesday, February 10th. Wall Street Zen raised shares of Ichor from a “strong sell” rating to a “hold” rating in a research note on Sunday, February 15th. Finally, Needham & Company LLC increased their price objective on shares of Ichor from $36.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.57.

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.