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

Ichor Holdings, Ltd. (NASDAQ:ICHR) shares gapped up prior to trading on Thursday . The stock had previously closed at $89.45, but opened at $96.22. Ichor shares last traded at $97.0590, with a volume of 230,789 shares.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ICHR. Needham & Company LLC lifted their price target on Ichor from $48.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. TD Cowen raised their target price on Ichor from $55.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. B. Riley Financial reaffirmed a “buy” rating on shares of Ichor in a report on Thursday. Weiss Ratings reissued a “sell (d-)” rating on shares of Ichor in a report on Friday, March 27th. Finally, Oppenheimer raised their price objective on shares of Ichor from $36.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.57.

Ichor Stock Performance

The firm has a market capitalization of $3.40 billion, a PE ratio of -66.06 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. The firm has a fifty day moving average price of $69.54 and a 200 day moving average price of $46.24.

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

Insiders Place Their Bets

In related news, CEO Philip Ryan Sr. Barros sold 13,705 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $70.19, for a total value of $961,953.95. Following the completion of the transaction, the chief executive officer owned 165,078 shares of the company’s stock, valued at approximately $11,586,824.82. This trade represents a 7.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jorge Titinger sold 4,000 shares of Ichor stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $64.21, for a total transaction of $256,840.00. Following the transaction, the director owned 12,318 shares in the company, valued at approximately $790,938.78. The trade was a 24.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 79,447 shares of company stock worth $5,678,621 in the last quarter. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Lombard Odier Asset Management Europe Ltd acquired a new position in Ichor during the first quarter valued at $2,684,000. Amundi purchased a new stake in Ichor in the 1st quarter worth approximately $217,000. California State Teachers Retirement System boosted its stake in shares of Ichor by 31.1% during the 1st quarter. California State Teachers Retirement System now owns 40,806 shares of the technology company’s stock valued at $1,902,000 after buying an additional 9,677 shares during the period. Maverick Capital Ltd. purchased a new position in shares of Ichor during the 1st quarter valued at $1,138,000. Finally, Gabelli Funds LLC purchased a new position in shares of Ichor during the 1st quarter valued at $979,000. 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.