GSA Capital Partners LLP Trims Stock Position in Ichor Holdings, Ltd. $ICHR

GSA Capital Partners LLP cut its position in Ichor Holdings, Ltd. (NASDAQ:ICHR) by 59.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 20,826 shares of the technology company’s stock after selling 30,163 shares during the quarter. GSA Capital Partners LLP’s holdings in Ichor were worth $365,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in Ichor by 47.6% during the second quarter. JPMorgan Chase & Co. now owns 699,511 shares of the technology company’s stock worth $13,738,000 after buying an additional 225,738 shares in the last quarter. Rice Hall James & Associates LLC bought a new stake in shares of Ichor during the 3rd quarter valued at about $3,877,000. Bank of New York Mellon Corp grew its holdings in shares of Ichor by 143.9% during the second quarter. Bank of New York Mellon Corp now owns 515,638 shares of the technology company’s stock worth $10,127,000 after purchasing an additional 304,228 shares in the last quarter. CSM Advisors LLC bought a new position in shares of Ichor in the second quarter worth approximately $2,866,000. Finally, Kennedy Capital Management LLC increased its position in shares of Ichor by 12.1% in the second quarter. Kennedy Capital Management LLC now owns 617,204 shares of the technology company’s stock worth $12,122,000 after purchasing an additional 66,435 shares during the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on ICHR. Wall Street Zen raised shares of Ichor from a “strong sell” rating to a “hold” rating in a research note on Sunday, February 15th. DA Davidson upped their target price on shares of Ichor from $30.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Oppenheimer increased their target price on Ichor from $32.00 to $36.00 and gave the company a “market perform” rating in a research note on Tuesday, February 10th. TD Cowen restated a “buy” rating on shares of Ichor in a research report on Tuesday, February 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ichor in a report on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $39.57.

Insider Buying and Selling

In other Ichor news, Director Jorge Titinger sold 1,200 shares of Ichor stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $50.11, for a total value of $60,132.00. Following the transaction, the director directly owned 13,969 shares of the company’s stock, valued at $699,986.59. The trade was a 7.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Greg Swyt sold 3,000 shares of the 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 sale, the chief financial officer directly owned 78,679 shares of the company’s stock, valued at approximately $4,028,364.80. This trade represents a 3.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 99,259 shares of company stock worth $4,710,020 in the last 90 days. 1.90% of the stock is currently owned by company insiders.

Ichor Stock Performance

Ichor stock opened at $46.90 on Friday. The firm has a fifty day simple moving average of $31.67 and a two-hundred day simple moving average of $22.79. The company has a quick ratio of 1.38, a current ratio of 3.16 and a debt-to-equity ratio of 0.18. Ichor Holdings, Ltd. has a twelve month low of $13.12 and a twelve month high of $55.33. The company has a market capitalization of $1.62 billion, a PE ratio of -30.45 and a beta of 1.89.

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.

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.