Ichor (NASDAQ:ICHR) Shares Gap Down – Should You Sell?

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) gapped down before the market opened on Thursday . The stock had previously closed at $93.17, but opened at $88.10. Ichor shares last traded at $90.8510, with a volume of 79,444 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Needham & Company LLC lifted their target price on Ichor from $48.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Oppenheimer raised their price target on Ichor from $36.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. B. Riley Financial lifted their price objective on shares of Ichor from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Zacks Research upgraded shares of Ichor from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 3rd. Finally, TD Cowen increased their target price on shares of Ichor from $80.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.29.

Ichor Price Performance

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 firm has a fifty day simple moving average of $82.85 and a 200 day simple moving average of $57.40. The company has a market capitalization of $3.10 billion, a PE ratio of -59.98 and a beta of 1.78.

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, topping analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $256.07 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $0.12 EPS. Ichor has set its Q2 2026 guidance at 0.250-0.350 EPS. Equities analysts anticipate that Ichor Holdings, Ltd. will post 0.97 EPS for the current year.

Insider Transactions at Ichor

In other Ichor news, Director Marc Haugen sold 5,337 shares of Ichor stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $75.63, for a total value of $403,637.31. Following the transaction, the director owned 10,825 shares in the company, valued at $818,694.75. The trade was a 33.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Laura A. Black sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $75.02, for a total transaction of $1,500,400.00. Following the sale, the director directly owned 20,462 shares of the company’s stock, valued at $1,535,059.24. The trade was a 49.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 79,447 shares of company stock worth $5,678,621. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Ichor

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc raised its stake in Ichor by 100.0% in the 2nd quarter. Versant Capital Management Inc now owns 252 shares of the technology company’s stock worth $28,000 after acquiring an additional 126 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its stake in shares of Ichor by 0.8% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 50,702 shares of the technology company’s stock worth $934,000 after acquiring an additional 398 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Ichor by 64.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock worth $28,000 after acquiring an additional 590 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Ichor by 5.7% in the second quarter. The Manufacturers Life Insurance Company now owns 12,447 shares of the technology company’s stock valued at $244,000 after buying an additional 666 shares in the last quarter. Finally, AdvisorNet Financial Inc acquired a new position in shares of Ichor during the 1st quarter worth approximately $37,000. 94.81% of the stock is owned by hedge funds and other institutional investors.

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.