Recent insider trends for Ichor Holdings, Ltd. (NASDAQ:ICHR) have caught the attention of investors. Analysts study insider data to get a sense of sense of what key shareholders think about the outlook for a particular stock. In the case of ICHR, the data has some interesting implications for where the stock might be headed.
Institutions own 68.93% of Ichor Holdings, Ltd. (ICHR)’s shares. The total value of these holdings, in millions, is $410. Among active positions in the latest quarter, 101 holders increased their positions by a total of 3.98 million shares, 42 holders decreased the positions by a total of 3.08 million shares, and 2 holders held their positions. This works out to a net increase in ownership of 904508 shares, and suggests that institutions are feeling bullish about the stock.
Among new and sold out positions, 52 holders initiated new positions by a total of 2.32 million shares and 15 holders exited their positions by a total of 670596 shares. This nets out to an increase of 1.65 million shares and is a bullish sign for ICHR.
In the last three months, insiders executed a total of 5 trades. 5 were sells. Insider ownership decreased by a total of 83927 shares, which suggests that ICHR’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 1 buys and 33 sells, and ownership decreased by a net of 28.54 million shares.
Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Ichor Holdings, Ltd. (NASDAQ:ICHR)’s short interest is 2.59 million shares, or 12.94% of the float. This represents a decrease of -3% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.
Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that ICHR is a sell, which implies that ICHR is expected to underperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that Ichor Holdings, Ltd. (NASDAQ:ICHR) is overvalued.