Ichor (NASDAQ:ICHR) Trading Up 11.8% – Here’s What Happened

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) rose 11.8% on Thursday . The company traded as high as $100.81 and last traded at $99.2640. Approximately 257,344 shares traded hands during trading, a decline of 76% from the average daily volume of 1,056,683 shares. The stock had previously closed at $88.81.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ICHR shares. B. Riley Financial upped their price target on shares of Ichor from $90.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Needham & Company LLC raised their price objective on shares of Ichor from $48.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Zacks Research raised shares of Ichor from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 3rd. Oppenheimer boosted their target price on shares of Ichor from $36.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a research note on Wednesday, June 24th. One 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 issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.29.

Ichor Trading Up 4.0%

The company has a current ratio of 2.82, a quick ratio of 1.21 and a debt-to-equity ratio of 0.17. The company has a market cap of $3.50 billion, a price-to-earnings ratio of -67.77 and a beta of 1.78. The firm has a 50-day moving average price of $81.40 and a 200 day moving average price of $55.57.

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

Insider Activity at Ichor

In other news, CFO Greg Swyt sold 6,820 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $66.81, for a total value of $455,644.20. Following the transaction, the chief financial officer directly owned 53,070 shares in the company, valued at approximately $3,545,606.70. This trade represents a 11.39% decrease in their position. The transaction was disclosed in a filing 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, Director Marc Haugen sold 5,337 shares of Ichor stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $75.63, for a total transaction of $403,637.31. Following the completion of the transaction, the director directly owned 10,825 shares of the company’s stock, valued at $818,694.75. This trade represents a 33.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 79,447 shares of company stock valued at $5,678,621 in the last ninety days. 1.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Ichor

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Invesco Ltd. grew its holdings in shares of Ichor by 141.2% during the fourth quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock valued at $55,730,000 after purchasing an additional 1,770,425 shares during the last quarter. Millennium Management LLC grew 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 worth $14,980,000 after buying an additional 807,792 shares during the last quarter. Royce & Associates LP increased its position in Ichor by 48.5% in the fourth quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock worth $26,707,000 after buying an additional 473,440 shares during the period. J. Goldman & Co LP acquired a new stake in Ichor in the fourth quarter worth $6,663,000. Finally, Heartland Advisors Inc. bought a new stake in Ichor in the fourth quarter valued at $5,529,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.

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.