Ichor (NASDAQ:ICHR) Trading Down 7.4% Following Analyst Downgrade

Ichor Holdings, Ltd. (NASDAQ:ICHR) traded down 7.4% during mid-day trading on Tuesday after B. Riley Financial lowered their price target on the stock from $125.00 to $105.00. B. Riley Financial currently has a buy rating on the stock. Ichor traded as low as $69.03 and last traded at $74.2890. Approximately 414,745 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 1,044,368 shares. The stock had previously closed at $80.23.

ICHR has been the topic of a number of other research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a research note on Wednesday, June 24th. Zacks Research downgraded Ichor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. TD Cowen reissued a “buy” rating on shares of Ichor in a research report on Tuesday. Oppenheimer upped their price target on Ichor from $36.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, May 5th. Finally, Needham & Company LLC increased their price objective on shares of Ichor from $72.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Ichor has a consensus rating of “Moderate Buy” and an average price target of $81.71.

Insider Buying and Selling

In other news, Director Jorge Titinger sold 4,000 shares of Ichor stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $64.21, for a total transaction of $256,840.00. Following the sale, the director directly owned 12,318 shares of the company’s stock, valued at approximately $790,938.78. The trade was a 24.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Greg Swyt sold 19,662 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $70.42, for a total value of $1,384,598.04. Following the completion of the transaction, the chief financial officer owned 60,971 shares in the company, valued at approximately $4,293,577.82. This trade represents a 24.38% 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 a total of 79,447 shares of company stock worth $5,678,621 over the last quarter. Company insiders own 1.70% of the company’s stock.

Key Headlines Impacting Ichor

Here are the key news stories impacting Ichor this week:

• Positive Sentiment: Ichor reported adjusted second-quarter earnings of $0.34 per share, above the $0.31 analyst consensus and well ahead of $0.03 a year earlier. Gross-margin gains helped offset weaker-than-expected revenue. ICHR Q2 Earnings Beat Estimates on Margin Gains, Revenues Rise Year over Year
• Positive Sentiment: Third-quarter guidance exceeded expectations: revenue of $315 million to $345 million versus consensus of $313.8 million, and EPS of $0.40 to $0.50 versus $0.39 expected. Management expects second-half volumes to be at least 25% above the first half as supply constraints ease and semiconductor-related demand improves. Ichor Q3 Revenue and Margin Outlook
• Positive Sentiment: Needham raised its price target to $88 from $72 and maintained a Buy rating. B. Riley also maintained Buy, although it reduced its target to $105 from $125. Needham Raises Ichor Price Target
• Neutral Sentiment: Management highlighted a steeper second-half ramp, improving quarterly margins and stronger potential growth in 2027 as internal content increases and supply issues moderate. Ichor Earnings Call Takeaways
• Negative Sentiment: Second-quarter revenue was $294.8 million, below the $300.2 million consensus, even though it increased about 24% year over year. The miss likely outweighs the EPS beat for short-term investors, particularly because GAAP profitability remains pressured and gross margin was only about 14%. Ichor Holdings Falls on Q2 Revenue Miss

Institutional Investors Weigh In On Ichor

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc grew its position in shares of Ichor by 100.0% during the second quarter. Versant Capital Management Inc now owns 252 shares of the technology company’s stock worth $28,000 after buying an additional 126 shares in the last quarter. AdvisorNet Financial Inc acquired a new stake in Ichor in the first quarter valued at $37,000. KBC Group NV bought a new position in Ichor during the 1st quarter valued at $44,000. Newbridge Financial Services Group Inc. bought a new position in Ichor during the 2nd quarter valued at $27,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in Ichor during the 4th quarter worth $26,000. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Ichor Stock Performance

The company’s fifty day simple moving average is $85.71 and its two-hundred day simple moving average is $62.91. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of -48.67 and a beta of 1.82. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.21 and a current ratio of 2.82.

Ichor (NASDAQ:ICHR) last issued 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 business had revenue of $294.78 million for the quarter, compared to analysts’ expectations of $300.17 million. Ichor had a negative net margin of 5.28% and a negative return on equity of 1.10%. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.03 earnings per share. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. Equities research analysts predict that Ichor Holdings, Ltd. will post 0.97 earnings per share for the current fiscal year.

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.