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

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s share price fell 5.6% on Thursday . The company traded as low as $47.16 and last traded at $48.29. 100,444 shares changed hands during trading, a decline of 90% from the average session volume of 1,019,359 shares. The stock had previously closed at $51.16.

Analyst Ratings Changes

ICHR has been the subject of a number of analyst reports. Craig Hallum restated a “buy” rating and set a $36.00 price objective on shares of Ichor in a research report on Wednesday, January 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ichor in a research report on Monday, December 29th. B. Riley Financial raised shares of Ichor from a “neutral” rating to a “buy” rating in a report on Tuesday, February 10th. Stifel Nicolaus upgraded shares of Ichor from a “hold” rating to a “buy” rating and upped their price target for the stock from $30.00 to $55.00 in a research report on Tuesday, March 17th. Finally, DA Davidson increased their price objective on shares of Ichor from $30.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.14.

Ichor Trading Down 0.5%

The company has a current ratio of 3.16, a quick ratio of 1.38 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -29.37 and a beta of 1.76. The firm has a 50-day moving average of $41.77 and a 200 day moving average of $26.93.

Insider Activity at Ichor

In related news, CFO Greg Swyt sold 3,000 shares of Ichor 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 sale, the chief financial officer directly owned 78,679 shares in the company, valued at $4,028,364.80. The trade was 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 available through the SEC website. Also, COO Bruce Ragsdale sold 21,276 shares of the stock in a transaction dated 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 completion of the transaction, the chief operating officer owned 97,661 shares of the company’s stock, valued at $4,849,845.26. This represents a 17.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 120,259 shares of company stock valued at $5,689,250. 1.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ICHR. Invesco Ltd. raised its holdings in Ichor by 141.2% during the fourth quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock worth $55,730,000 after purchasing an additional 1,770,425 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in 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 purchasing an additional 1,413,870 shares in the last quarter. Millennium Management LLC boosted its stake in 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 purchasing an additional 807,792 shares in the last quarter. Royce & Associates LP increased its position in shares of Ichor by 48.5% during the 4th quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock valued at $26,707,000 after purchasing an additional 473,440 shares during the period. Finally, J. Goldman & Co LP acquired a new position in shares of Ichor during the 4th quarter valued at $6,663,000. 94.81% of the stock is currently owned by institutional investors.

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.