Ichor (NASDAQ:ICHR) Shares Gap Down – Here’s Why

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $78.30, but opened at $72.47. Ichor shares last traded at $67.4570, with a volume of 166,558 shares trading hands.

Analyst Ratings Changes

ICHR has been the subject of several analyst reports. Zacks Research cut shares of Ichor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Oppenheimer increased their price objective on shares of Ichor from $36.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, May 5th. Needham & Company LLC raised their price objective on shares of Ichor from $48.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. TD Cowen lifted their target price on shares of Ichor from $80.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, B. Riley Financial upped their target price on shares of Ichor from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Ichor has an average rating of “Moderate Buy” and a consensus target price of $82.29.

Ichor Price Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.21 and a current ratio of 2.82. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of -42.06 and a beta of 1.78. The company has a 50-day moving average price of $85.16 and a 200-day moving average price of $61.81.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings results on Monday, May 4th. The technology company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Ichor had a negative net margin of 5.28% and a negative return on equity of 1.10%. The business had revenue of $256.07 million for the quarter, compared to the consensus estimate of $251.32 million. During the same period last year, the company posted $0.12 EPS. Ichor’s revenue for the quarter was up 4.7% on a year-over-year basis. Ichor has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, equities research analysts expect that Ichor Holdings, Ltd. will post 0.97 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Laura A. Black sold 20,000 shares of Ichor stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $75.02, for a total transaction of $1,500,400.00. Following the transaction, the director directly owned 20,462 shares of the company’s stock, valued at $1,535,059.24. This trade represents a 49.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Philip Ryan Sr. Barros sold 13,705 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $70.19, for a total transaction of $961,953.95. Following the completion of the transaction, the chief executive officer directly owned 165,078 shares of the company’s stock, valued at $11,586,824.82. This trade represents a 7.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 79,447 shares of company stock valued at $5,678,621. 1.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ICHR. SG Americas Securities LLC lifted its holdings in shares of Ichor by 295.5% during the 4th quarter. SG Americas Securities LLC now owns 26,073 shares of the technology company’s stock valued at $481,000 after purchasing an additional 19,481 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Ichor in the 4th quarter valued at approximately $607,000. Cambiar Investors LLC bought a new stake in Ichor during the 4th quarter worth approximately $1,595,000. Kennedy Capital Management LLC increased its stake in Ichor by 20.9% during the 4th quarter. Kennedy Capital Management LLC now owns 892,524 shares of the technology company’s stock worth $16,449,000 after purchasing an additional 154,404 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Ichor by 1,272.0% during the 4th quarter. Farther Finance Advisors LLC now owns 20,868 shares of the technology company’s stock worth $385,000 after buying an additional 19,347 shares during the period. 94.81% of the stock is owned by institutional investors and hedge funds.

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.