Ichor (NASDAQ:ICHR) COO Bruce Ragsdale Sells 10,587 Shares of Stock

Ichor Holdings, Ltd. (NASDAQ:ICHR) COO Bruce Ragsdale sold 10,587 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $51.93, for a total value of $549,782.91. Following the transaction, the chief operating officer owned 92,324 shares of the company’s stock, valued at approximately $4,794,385.32. The trade was a 10.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ichor Stock Down 3.4%

Shares of ICHR opened at $51.76 on Wednesday. The firm has a fifty day moving average price of $78.69 and a 200-day moving average price of $67.46. The company has a current ratio of 3.70, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $1.94 billion, a P/E ratio of -44.24 and a beta of 1.82. Ichor Holdings, Ltd. has a 12-month low of $14.06 and a 12-month high of $113.58.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings results on Monday, August 3rd. The technology company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. The company had revenue of $294.78 million for the quarter, compared to the consensus estimate 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 was up 22.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.03 EPS. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. Equities research analysts expect that Ichor Holdings, Ltd. will post 1.13 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on ICHR shares. DA Davidson set a $85.00 price objective on Ichor in a research note on Wednesday, August 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ichor in a report on Wednesday, June 24th. Needham & Company LLC increased their price target on Ichor from $72.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Oppenheimer raised their price target on Ichor from $60.00 to $80.00 and gave the company a “market perform” rating in a research note on Tuesday, August 4th. Finally, TD Cowen decreased their price objective on Ichor from $115.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ichor presently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Hedge Funds Weigh In On Ichor

Several hedge funds and other institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System boosted its position in Ichor by 10,835.2% in the second quarter. California State Teachers Retirement System now owns 4,462,232 shares of the technology company’s stock valued at $501,019,000 after buying an additional 4,421,426 shares during the last quarter. Invesco Ltd. raised its position in Ichor by 141.2% during the 4th quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock worth $55,730,000 after buying an additional 1,770,425 shares during the last quarter. Millennium Management LLC lifted its stake in Ichor by 1,710.7% during the 3rd quarter. Millennium Management LLC now owns 855,011 shares of the technology company’s stock valued at $14,980,000 after acquiring an additional 807,792 shares during the period. Royce & Associates LP boosted its holdings in shares of Ichor by 48.5% in the 4th quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock valued at $26,707,000 after acquiring an additional 473,440 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Ichor by 54.3% in the 2nd quarter. Wellington Management Group LLP now owns 1,108,844 shares of the technology company’s stock valued at $124,501,000 after acquiring an additional 390,017 shares during the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

Ichor Company Profile

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.