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

Ichor Holdings, Ltd. (NASDAQ:ICHR) gapped up before the market opened on Tuesday . The stock had previously closed at $83.69, but opened at $89.10. Ichor shares last traded at $89.0190, with a volume of 64,588 shares.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ICHR. B. Riley Financial lifted their price target on shares of Ichor from $90.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Needham & Company LLC increased their price objective on shares of Ichor from $48.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. TD Cowen increased their price objective on shares of Ichor from $80.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Stifel Nicolaus raised their price objective 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, Zacks Research raised shares of Ichor from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $82.29.

Ichor Stock Performance

The stock has a fifty day moving average of $83.40 and a 200-day moving average of $58.76. The firm has a market capitalization of $3.21 billion, a P/E ratio of -62.31 and a beta of 1.78. The company has a quick ratio of 1.21, a current ratio of 2.82 and a debt-to-equity ratio of 0.17.

Ichor (NASDAQ:ICHR) last released its earnings results on Monday, May 4th. The technology company reported $0.15 EPS for the quarter, beating the consensus estimate 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 in the previous year, the business posted $0.12 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Ichor has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, research analysts anticipate that Ichor Holdings, Ltd. will post 0.97 EPS for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Ichor

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC acquired a new position in shares of Ichor during the 4th quarter worth about $26,000. Newbridge Financial Services Group Inc. bought a new position in shares of Ichor in the 2nd quarter valued at about $27,000. Hantz Financial Services Inc. increased its position in shares of Ichor by 64.8% in the fourth quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock valued at $28,000 after acquiring an additional 590 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Ichor by 100.0% in the second quarter. Versant Capital Management Inc now owns 252 shares of the technology company’s stock valued at $28,000 after acquiring an additional 126 shares during the last quarter. Finally, Danske Bank A S bought a new stake in Ichor during the third quarter worth about $28,000. 94.81% of the stock is owned by institutional investors.

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.