TPI Composites files for Chapter 11 bankruptcy, plans delisting from Nasdaq
Thomas M. Rohrs, a director at Ichor Holdings, Ltd. (NASDAQ:ICHR), recently executed several transactions involving the company’s ordinary shares. According to InvestingPro data, ICHR currently trades at $35.08, with the stock showing significant volatility over the past year, ranging from $25.95 to $45.25. On February 14, Rohrs acquired 78,128 shares at a price of $24.89 each, and an additional 46,872 shares under the same terms. These acquisitions were part of a broader exercise of options.
Following these acquisitions, Rohrs sold 78,128 shares on the same day at a price of $31.98 per share, generating approximately $2.5 million. A few days later, on February 18, he sold another 46,872 shares at $32.35 per share, amounting to nearly $1.5 million. These transactions were conducted under a Rule 10b5-1 trading plan, allowing Rohrs to streamline the execution of trades.
In other recent news, Ichor Holdings reported its fourth-quarter 2024 earnings, showcasing a significant revenue increase but falling short of earnings per share (EPS) expectations. The company achieved a revenue of $233 million, surpassing forecasts, while EPS was reported at $0.08, missing the anticipated $0.27. Despite this, the company’s total revenue for 2024 reached $849 million, reflecting a 5% growth from the previous year. Ichor Holdings also significantly reduced its total debt over the past year, contributing to investor optimism. Looking forward, the company provided guidance for the first quarter of 2025, projecting revenue between $235 million and $255 million, with an expected gross margin of 14-15%. Analysts from B. Riley Securities and Stifel have noted the company’s strategic positioning in the semiconductor market, particularly in advanced logic and DRAM sectors. Additionally, Ichor Holdings has made progress in qualifying new proprietary products, which are expected to drive margin improvements in 2025. The company’s CEO, Jeff Andreesen, expressed confidence in outperforming the growth in wafer fab equipment this year.
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