Greg Swyt Sells 3,000 Shares of Ichor (NASDAQ:ICHR) Stock

Ichor Holdings, Ltd. (NASDAQ:ICHR) CFO Greg Swyt sold 3,000 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $51.20, for a total transaction of $153,600.00. Following the transaction, the chief financial officer directly owned 78,679 shares of the company’s stock, valued at approximately $4,028,364.80. This represents a 3.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Ichor Price Performance

ICHR opened at $46.90 on Friday. Ichor Holdings, Ltd. has a 1 year low of $13.12 and a 1 year high of $55.33. The company’s 50 day simple moving average is $31.67 and its 200 day simple moving average is $22.79. The stock has a market capitalization of $1.62 billion, a PE 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.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ICHR shares. Zacks Research upgraded Ichor from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. DA Davidson raised their price objective on Ichor from $30.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. B. Riley Financial raised Ichor from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 10th. Wall Street Zen raised shares of Ichor from a “strong sell” rating to a “hold” rating in a research report on Sunday, February 15th. Finally, Oppenheimer raised their price target 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. 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 company has a consensus rating of “Hold” and an average target price of $39.57.

Institutional Investors Weigh In On Ichor

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its holdings in Ichor by 27.7% in the 1st quarter. Royal Bank of Canada now owns 9,891 shares of the technology company’s stock worth $224,000 after acquiring an additional 2,146 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Ichor by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company’s stock worth $444,000 after purchasing an additional 865 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Ichor by 286.0% during the first quarter. Jane Street Group LLC now owns 53,277 shares of the technology company’s stock worth $1,205,000 after purchasing an additional 39,476 shares in the last quarter. CWM LLC boosted its stake in shares of Ichor by 105.6% in the second quarter. CWM LLC now owns 4,532 shares of the technology company’s stock valued at $89,000 after purchasing an additional 2,328 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in Ichor by 1,060.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,753 shares of the technology company’s stock valued at $34,000 after purchasing an additional 1,602 shares in the last quarter. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

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.

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.