Insider Selling: Ichor (NASDAQ:ICHR) COO Sells $140,695.03 in Stock

Ichor Holdings, Ltd. (NASDAQ:ICHR) COO Bruce Ragsdale sold 2,149 shares of the business’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $65.47, for a total transaction of $140,695.03. Following the completion of the sale, the chief operating officer owned 88,595 shares in the company, valued at $5,800,314.65. This represents a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Bruce Ragsdale also recently made the following trade(s):

• On Tuesday, September 1st, Bruce Ragsdale sold 10,587 shares of Ichor stock. The shares were sold at an average price of $51.93, for a total transaction of $549,782.91.

Ichor Price Performance

ICHR traded up $0.41 during midday trading on Monday, reaching $63.33. 740,747 shares of the company’s stock were exchanged, compared to its average volume of 980,644. Ichor Holdings, Ltd. has a 1-year low of $14.06 and a 1-year high of $113.58. The stock has a market capitalization of $2.37 billion, a PE ratio of -54.13 and a beta of 1.79. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.70 and a quick ratio of 2.07. The business’s 50-day moving average price is $61.30 and its 200 day moving average price is $69.14.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings data 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. Ichor had a negative net margin of 3.97% and a positive return on equity of 0.47%. The business had revenue of $294.78 million during the quarter, compared to analysts’ expectations of $300.17 million. During the same period last year, the company posted $0.03 EPS. The company’s revenue was up 22.7% on a year-over-year basis. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. As a group, equities analysts anticipate that Ichor Holdings, Ltd. will post 1.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ICHR. B. Riley Financial cut their price target on Ichor from $125.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. DA Davidson set a $85.00 price objective on Ichor in a research report on Wednesday, August 5th. Needham & Company LLC boosted their target price on shares of Ichor from $72.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Oppenheimer upped their target price on shares of Ichor from $60.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, August 4th. Finally, Stifel Nicolaus lifted their price target on shares of Ichor from $76.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Institutional Trading of Ichor

Hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC grew its position in Ichor by 30.1% during the second quarter. Tidal Investments LLC now owns 12,866 shares of the technology company’s stock valued at $1,445,000 after acquiring an additional 2,978 shares during the period. Pinnacle Wealth Management Advisory Group LLC acquired a new position in shares of Ichor in the 2nd quarter valued at about $288,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Ichor during the 2nd quarter worth about $45,000. NewEdge Advisors LLC increased its position in Ichor by 1,712.4% during the 2nd quarter. NewEdge Advisors LLC now owns 1,613 shares of the technology company’s stock worth $181,000 after purchasing an additional 1,524 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in Ichor in the second quarter valued at approximately $894,000. 94.81% of the stock is owned by institutional investors and hedge funds.

About Ichor

Ichor Holdings, Ltd. (NASDAQ: ICHR) designs, engineers and manufactures critical fluid-delivery subsystems and components used in semiconductor manufacturing equipment. Its products help deliver, control and distribute gases and chemicals used in wafer fabrication processes.

The company’s offerings include gas and chemical delivery systems, precision-machined components, weldments, assemblies and other specialized components for semiconductor capital equipment. Ichor primarily serves original equipment manufacturers and other customers involved in the production of semiconductor devices.

Founded in 1999, Ichor is headquartered in Fremont, California, and operates manufacturing and engineering facilities across several regions, including North America, Europe and Asia.