Ichor (NASDAQ:ICHR) Shares Gap Down After Analyst Downgrade

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s share price gapped down before the market opened on Wednesday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $95.85, but opened at $91.49. Ichor shares last traded at $96.90, with a volume of 66,804 shares changing hands.

Several other equities research analysts have also issued reports on the company. Stifel Nicolaus upped their price target on Ichor from $76.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Oppenheimer lifted their price objective on shares of Ichor from $36.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, May 5th. Needham & Company LLC boosted their target price on shares of Ichor from $48.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ichor in a report on Wednesday, June 24th. Finally, TD Cowen raised their price target 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. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $82.29.

Insiders Place Their Bets

In related news, Director Jorge Titinger sold 4,000 shares of the business’s 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 completion of the transaction, the director owned 12,318 shares in the company, valued at $790,938.78. The trade was a 24.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Greg Swyt sold 6,820 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $66.81, for a total value of $455,644.20. Following the transaction, the chief financial officer owned 53,070 shares of the company’s stock, valued at approximately $3,545,606.70. The trade was a 11.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 79,447 shares of company stock worth $5,678,621. 1.70% of the stock is currently owned by insiders.

Institutional Trading of Ichor

Large investors have recently modified their holdings of the company. Royal Bank of Canada boosted its stake in Ichor by 27.7% during the 1st quarter. Royal Bank of Canada now owns 9,891 shares of the technology company’s stock valued at $224,000 after purchasing an additional 2,146 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Ichor by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company’s stock worth $444,000 after purchasing an additional 865 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Ichor by 286.0% in the first quarter. Jane Street Group LLC now owns 53,277 shares of the technology company’s stock valued at $1,205,000 after purchasing an additional 39,476 shares during the period. Gamco Investors INC. ET AL increased its stake in shares of Ichor by 75.9% in the second quarter. Gamco Investors INC. ET AL now owns 24,100 shares of the technology company’s stock valued at $473,000 after purchasing an additional 10,400 shares during the period. Finally, Federated Hermes Inc. raised its holdings in shares of Ichor by 243.1% during the second quarter. Federated Hermes Inc. now owns 107,629 shares of the technology company’s stock valued at $2,114,000 after buying an additional 76,257 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor Stock Performance

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 stock has a fifty day moving average price of $84.66 and a two-hundred day moving average price of $60.36. The company has a market cap of $3.28 billion, a P/E ratio of -63.53 and a beta of 1.78.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings data 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 business had revenue of $256.07 million during the quarter, compared to analyst estimates of $251.32 million. During the same period in the prior year, the company posted $0.12 EPS. The business’s revenue for the quarter 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, equities analysts forecast that Ichor Holdings, Ltd. will post 0.97 earnings per share for the current fiscal year.

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.