Ichor (NASDAQ:ICHR) Shares Gap Down – Should You Sell?

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $57.35, but opened at $52.10. Ichor shares last traded at $53.20, with a volume of 118,289 shares traded.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Oppenheimer boosted their price target on shares of Ichor from $60.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, August 4th. Wall Street Zen downgraded shares of Ichor from a “buy” rating to a “hold” rating in a report on Sunday. Stifel Nicolaus lifted their price objective on shares of Ichor from $76.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, July 10th. DA Davidson set a $85.00 target price on shares of Ichor in a report on Wednesday, August 5th. Finally, B. Riley Financial dropped their target price on Ichor from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Ichor has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Ichor Stock Performance

The stock has a market capitalization of $1.91 billion, a P/E ratio of -43.67 and a beta of 1.81. The company has a quick ratio of 2.07, a current ratio of 3.70 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $69.98 and a two-hundred day moving average price of $67.89.

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

Insider Activity

In other news, Director Iain MacKenzie sold 9,933 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $65.76, for a total value of $653,194.08. Following the transaction, the director owned 122,427 shares of the company’s stock, valued at approximately $8,050,799.52. This represents a 7.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Greg Swyt sold 2,068 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $58.02, for a total value of $119,985.36. Following the completion of the sale, the chief financial officer owned 47,832 shares in the company, valued at $2,775,212.64. This trade represents a 4.14% 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. Insiders sold 23,902 shares of company stock valued at $1,404,273 in the last quarter. 1.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ichor

A number of institutional investors have recently added to or reduced their stakes in ICHR. Tidal Investments LLC raised its holdings in shares of Ichor by 30.1% in the 2nd quarter. Tidal Investments LLC now owns 12,866 shares of the technology company’s stock valued at $1,445,000 after acquiring an additional 2,978 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC purchased a new position in shares of Ichor during the second quarter worth about $288,000. Integrated Wealth Concepts LLC bought a new position in shares of Ichor in the second quarter worth approximately $45,000. NewEdge Advisors LLC increased its position in shares of Ichor by 1,712.4% in the second quarter. NewEdge Advisors LLC now owns 1,613 shares of the technology company’s stock worth $181,000 after purchasing an additional 1,524 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Ichor in the second quarter valued at approximately $894,000. 94.81% of the stock is currently owned by institutional investors.

Ichor Company Profile

Ichor Holdings, Ltd. (NASDAQ: ICHR) designs, manufactures and services critical fluid-delivery systems and components used in semiconductor manufacturing equipment. Its products help control and deliver gases and chemicals used in processes such as wafer fabrication, including deposition, etching and cleaning.

The company’s offerings include gas and chemical delivery modules, fluid-management systems, precision-machined components, weldments and related assemblies. Ichor also provides capabilities such as precision machining, welding, electropolishing, cleaning and component testing, allowing it to supply integrated subsystems to semiconductor capital-equipment manufacturers.

Founded in 1999 and headquartered in Fremont, California, Ichor serves a global customer base through engineering and manufacturing operations in North America, Europe and Asia.