Ichor (NASDAQ:ICHR) Shares Gap Down – Here’s What Happened

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s stock price 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.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Ichor in a research report on Monday, September 21st. Wall Street Zen raised Ichor from a “hold” rating to a “buy” rating in a research report on Saturday, October 17th. Needham & Company LLC upped their price objective on shares of Ichor from $72.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Oppenheimer upped their target price on Ichor from $60.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 4th. Finally, DA Davidson raised shares of Ichor to a “strong-buy” rating in a report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $85.89.

Ichor Trading Down 12.7%

The company has a 50 day moving average of $56.63 and a 200 day moving average of $69.55. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of -32.42 and a beta of 1.79. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 3.70.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings results on Monday, August 3rd. The technology company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The firm had revenue of $294.78 million for the quarter, compared to analyst estimates of $300.17 million. Ichor had a negative net margin of 3.97% and a positive return on equity of 0.47%. Ichor’s quarterly revenue was up 22.7% on a year-over-year basis. 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. On average, research analysts predict that Ichor Holdings, Ltd. will post 1.13 EPS for the current fiscal year.

Insider Activity

In related news, CFO Greg Swyt sold 2,068 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $58.02, for a total value of $119,985.36. Following the completion of the sale, the chief financial officer owned 47,832 shares of the company’s stock, valued at approximately $2,775,212.64. This represents a 4.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Bruce Ragsdale sold 10,587 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $51.93, for a total value of $549,782.91. Following the completion of the transaction, the chief operating officer owned 92,324 shares of the company’s stock, valued at $4,794,385.32. The trade was a 10.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 46,740 shares of company stock worth $2,602,960. 1.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Ichor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. increased its position in shares of Ichor by 358.8% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,280 shares of the technology company’s stock valued at $79,000 after purchasing an additional 1,001 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Ichor by 9.5% during the third quarter. Nisa Investment Advisors LLC now owns 4,986 shares of the technology company’s stock worth $308,000 after purchasing an additional 433 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in Ichor in the third quarter valued at about $1,991,000. Revisor Wealth Management LLC lifted its holdings in Ichor by 254.8% in the third quarter. Revisor Wealth Management LLC now owns 7,785 shares of the technology company’s stock valued at $482,000 after acquiring an additional 5,591 shares during the period. Finally, Triumph Capital Management acquired a new stake in shares of Ichor during the 3rd quarter valued at approximately $1,274,000. Hedge funds and other 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.