Ichor (NASDAQ:ICHR) Trading Down 6.2% – Here’s What Happened

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s share price dropped 6.2% during mid-day trading on Wednesday . The company traded as low as $62.58 and last traded at $61.9510. 85,147 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 1,036,723 shares. The stock had previously closed at $66.08.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ICHR shares. Zacks Research cut shares of Ichor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Stifel Nicolaus raised their price objective on shares of Ichor from $76.00 to $115.00 and gave the company a “buy” rating in a report on Friday, July 10th. B. Riley Financial decreased their price objective on shares of Ichor from $125.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Oppenheimer boosted their target price on shares of Ichor from $60.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Ichor in a report on Wednesday, June 24th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Ichor Price Performance

The company has a market capitalization of $2.20 billion, a PE ratio of -50.32 and a beta of 1.82. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.70 and a quick ratio of 2.07. The company’s 50 day simple moving average is $84.48 and its 200 day simple moving average is $66.23.

Ichor (NASDAQ:ICHR) last released its quarterly earnings data on Monday, August 3rd. The technology company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $294.78 million for the quarter, compared to analysts’ expectations of $300.17 million. Ichor had a negative net margin of 3.97% and a positive return on equity of 0.47%. The firm’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter last year, the company earned $0.03 earnings per share. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. As a group, sell-side analysts predict that Ichor Holdings, Ltd. will post 1.13 earnings per share for the current year.

Insider Activity at Ichor

In other Ichor news, CFO Greg Swyt sold 6,820 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $66.81, for a total value of $455,644.20. Following the completion of the transaction, the chief financial officer owned 53,070 shares in the company, valued at $3,545,606.70. This represents a 11.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Laura A. Black sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $75.02, for a total value of $1,500,400.00. Following the transaction, the director directly owned 20,462 shares in the company, valued at approximately $1,535,059.24. The trade was a 49.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 71,434 shares of company stock valued at $5,037,101 over the last quarter. 1.70% of the stock is owned by insiders.

Institutional Trading of Ichor

Large investors have recently made changes to their positions in the company. Teza Capital Management LLC purchased a new position in Ichor during the 2nd quarter worth approximately $476,000. Wellington Management Group LLP lifted its stake in Ichor by 54.3% in the second quarter. Wellington Management Group LLP now owns 1,108,844 shares of the technology company’s stock valued at $124,501,000 after buying an additional 390,017 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Ichor in the second quarter valued at approximately $114,000. Assenagon Asset Management S.A. purchased a new position in shares of Ichor during the second quarter worth approximately $5,165,000. Finally, Versant Capital Management Inc grew its position in shares of Ichor by 100.0% during the second quarter. Versant Capital Management Inc now owns 252 shares of the technology company’s stock worth $28,000 after acquiring an additional 126 shares during the last quarter. 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.