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

Ichor Holdings, Ltd. (NASDAQ:ICHR) shares gapped down prior to trading on Tuesday . The stock had previously closed at $99.61, but opened at $89.98. Ichor shares last traded at $92.0360, with a volume of 244,262 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ICHR. B. Riley Financial raised their price objective on Ichor from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday. TD Cowen boosted their price target on Ichor from $55.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Needham & Company LLC upped their target price on Ichor from $48.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Oppenheimer raised their price target on shares of Ichor from $36.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Ichor in a report on Friday, March 27th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.71.

Ichor Stock Down 8.4%

The firm has a market cap of $3.18 billion, a PE ratio of -61.64 and a beta of 1.87. The business’s 50 day moving average price is $72.36 and its 200 day moving average price is $47.98. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.82 and a quick ratio of 1.21.

Ichor (NASDAQ:ICHR) last issued 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. 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 analyst estimates of $251.32 million. During the same period in the previous year, the company posted $0.12 earnings per share. The business’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. On average, equities research analysts expect that Ichor Holdings, Ltd. will post 0.97 earnings per share for the current year.

Insiders Place Their Bets

In other Ichor news, Director Laura A. Black sold 20,000 shares of Ichor stock in a transaction dated 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Philip Ryan Sr. Barros sold 13,705 shares of Ichor stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $70.19, for a total transaction of $961,953.95. Following the sale, the chief executive officer directly owned 165,078 shares in the company, valued at approximately $11,586,824.82. The trade was a 7.67% 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 ninety days, insiders sold 79,447 shares of company stock valued at $5,678,621. Insiders own 1.70% of the company’s stock.

Institutional Trading of Ichor

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AdvisorNet Financial Inc acquired a new position in Ichor during the first quarter worth $37,000. KBC Group NV acquired a new stake in Ichor in the first quarter valued at $44,000. Newbridge Financial Services Group Inc. purchased a new stake in Ichor during the second quarter worth approximately $27,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Ichor in the 4th quarter valued at $26,000. Finally, Hantz Financial Services Inc. grew its holdings in shares of Ichor by 64.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock worth $28,000 after purchasing an additional 590 shares during the last quarter. 94.81% of the stock is currently owned by hedge funds and other 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.