Ichor (NASDAQ:ICHR) Shares Gap Down – What’s Next?

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) gapped down prior to trading on Thursday. The stock had previously closed at $43.34, but opened at $40.11. Ichor shares last traded at $38.6790, with a volume of 198,864 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ICHR shares. Zacks Research lowered Ichor from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Freedom Broker assumed coverage on Ichor in a research report on Friday, October 9th. They issued a “buy” rating and a $82.00 price target on the stock. TD Cowen cut their price objective on Ichor from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Oppenheimer lifted their price target on Ichor from $60.00 to $80.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ichor in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $85.89.

Ichor Stock Up 0.2%

The stock has a market capitalization of $1.42 billion, a P/E ratio of -32.43 and a beta of 1.79. The firm’s fifty day moving average is $55.30 and its 200-day moving average is $69.26. The company has a current ratio of 3.70, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13.

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

Insider Buying and Selling

In other Ichor news, CEO Philip Barros, Jr. sold 1,314 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $61.88, for a total value of $81,310.32. Following the sale, the chief executive officer directly owned 161,562 shares in the company, valued at approximately $9,997,456.56. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Iain MacKenzie sold 20,000 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $50.66, for a total value of $1,013,200.00. Following the sale, the director directly owned 102,427 shares in the company, valued at $5,188,951.82. The trade was a 16.34% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 46,740 shares of company stock worth $2,602,960. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Ichor

Large investors have recently made changes to their positions in the stock. Wellington Management Group LLP increased its holdings in shares of Ichor by 54.3% during the second quarter. Wellington Management Group LLP now owns 1,108,844 shares of the technology company’s stock worth $124,501,000 after purchasing an additional 390,017 shares during the period. 1492 Capital Management LLC bought a new position in shares of Ichor in the first quarter worth $2,919,000. Hsbc Holdings PLC acquired a new stake in Ichor during the fourth quarter worth about $1,101,000. Lombard Odier Asset Management Europe Ltd acquired a new position in shares of Ichor in the 1st quarter valued at approximately $2,684,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Ichor in the 2nd quarter valued at approximately $5,165,000. Institutional investors own 94.81% of the company’s stock.

Ichor Company Profile

Ichor Holdings, Ltd. (NASDAQ: ICHR) is a supplier to the semiconductor equipment industry. The company designs, engineers and manufactures critical fluid-delivery subsystems used in semiconductor fabrication equipment, including systems that deliver and control gases and chemicals during the wafer-manufacturing process.

Ichor’s products and services include gas and chemical delivery systems, precision-machined components, weldments, fluid-management assemblies and related engineering and manufacturing services.