Ichor (NASDAQ:ICHR) Shares Gap Down – Here’s What Happened

Ichor Holdings, Ltd. (NASDAQ:ICHR) gapped down prior to trading on Wednesday . The stock had previously closed at $95.85, but opened at $91.49. Ichor shares last traded at $96.90, with a volume of 66,804 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ICHR. Zacks Research raised shares of Ichor from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 3rd. TD Cowen raised their target price on shares of Ichor from $80.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a research report on Wednesday, June 24th. Stifel Nicolaus upped their price target on shares of Ichor from $76.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, B. Riley Financial upped their price target on shares of Ichor from $90.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. One equities research 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $82.29.

Ichor Stock Up 1.0%

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.21 and a current ratio of 2.82. The stock’s fifty day simple moving average is $83.85 and its two-hundred day simple moving average is $59.30. The stock has a market capitalization of $3.38 billion, a P/E ratio of -65.41 and a beta of 1.78.

Ichor (NASDAQ:ICHR) last released 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 firm 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 company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 earnings per share. Ichor has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, research analysts expect that Ichor Holdings, Ltd. will post 0.97 EPS for the current fiscal year.

Insider Buying and Selling at Ichor

In related news, CFO Greg Swyt sold 19,662 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $70.42, for a total transaction of $1,384,598.04. Following the completion of the transaction, the chief financial officer directly owned 60,971 shares of the company’s stock, valued at $4,293,577.82. This trade represents a 24.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 Ichor 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 $1,535,059.24. The trade was a 49.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 79,447 shares of company stock worth $5,678,621 over the last 90 days. Company insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Ichor

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. boosted its holdings in Ichor by 141.2% in the fourth quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock valued at $55,730,000 after acquiring an additional 1,770,425 shares during the last quarter. Millennium Management LLC increased its position 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 purchasing an additional 807,792 shares during the period. Royce & Associates LP raised its holdings in Ichor by 48.5% during the 4th quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock worth $26,707,000 after purchasing an additional 473,440 shares during the last quarter. J. Goldman & Co LP bought a new position in Ichor during the 4th quarter worth approximately $6,663,000. Finally, Heartland Advisors Inc. acquired a new position in shares of Ichor in the 4th quarter worth approximately $5,529,000. 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.