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

Ichor Holdings, Ltd. (NASDAQ:ICHR) shares gapped up before the market opened on Monday . The stock had previously closed at $62.91, but opened at $67.06. Ichor shares last traded at $66.2710, with a volume of 92,318 shares.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Ichor from a “strong sell” rating to a “hold” rating in a report on Sunday, February 15th. Oppenheimer upped their price objective on shares of Ichor from $36.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, May 5th. B. Riley Financial restated a “buy” rating on shares of Ichor in a report on Monday, April 20th. Stifel Nicolaus set a $76.00 price objective on shares of Ichor in a report on Friday, May 1st. Finally, TD Cowen upped their price objective on shares of Ichor from $55.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $64.57.

Ichor Stock Performance

The company’s fifty day moving average price is $65.00 and its 200 day moving average price is $43.33. The company has a market cap of $2.50 billion, a PE ratio of -48.38 and a beta of 1.87. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.82 and a quick ratio of 1.21.

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

Insider Buying and Selling

In other news, Director Laura A. Black sold 20,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $75.02, for a total value of $1,500,400.00. Following the completion of the sale, the director owned 20,462 shares in the company, valued at $1,535,059.24. This 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 at this hyperlink. Also, CEO Philip Ryan Sr. Barros sold 13,705 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 165,078 shares of the company’s stock, valued at approximately $11,586,824.82. This 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. Insiders have sold a total of 79,447 shares of company stock valued at $5,678,621 over the last 90 days. 1.70% of the stock is currently owned by company insiders.

Institutional Trading of Ichor

Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its position in Ichor by 27.7% during the first quarter. Royal Bank of Canada now owns 9,891 shares of the technology company’s stock valued at $224,000 after buying an additional 2,146 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Ichor by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company’s stock valued at $444,000 after buying an additional 865 shares during the period. Jane Street Group LLC grew its position in Ichor by 286.0% during the first quarter. Jane Street Group LLC now owns 53,277 shares of the technology company’s stock valued at $1,205,000 after buying an additional 39,476 shares during the period. Gamco Investors INC. ET AL grew its position in Ichor by 75.9% during the second quarter. Gamco Investors INC. ET AL now owns 24,100 shares of the technology company’s stock valued at $473,000 after buying an additional 10,400 shares during the period. Finally, Federated Hermes Inc. grew its position in Ichor by 243.1% during the second quarter. Federated Hermes Inc. now owns 107,629 shares of the technology company’s stock valued at $2,114,000 after buying an additional 76,257 shares during the period. Hedge funds and other institutional investors own 94.81% of the company’s stock.

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.