Ichor (NASDAQ:ICHR) Shares Down 6.6% – Time to Sell?

Ichor Holdings, Ltd. (NASDAQ:ICHR) shares were down 6.6% during mid-day trading on Thursday . The stock traded as low as $106.66 and last traded at $104.3850. Approximately 330,416 shares traded hands during trading, a decline of 68% from the average daily volume of 1,043,550 shares. The stock had previously closed at $111.77.

Analyst Ratings Changes

ICHR has been the topic of a number of analyst reports. TD Cowen increased their price objective on shares of Ichor from $55.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. B. Riley Financial boosted their target price 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. Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a research report on Wednesday, June 24th. Stifel Nicolaus set a $76.00 price target on shares of Ichor in a research note on Friday, May 1st. Finally, Oppenheimer lifted their price target on Ichor from $36.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, May 5th. 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.71.

Ichor Stock Performance

The company has a market cap of $3.46 billion, a P/E ratio of -66.92 and a beta of 1.77. The company has a quick ratio of 1.21, a current ratio of 2.82 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average price of $77.56 and a 200-day moving average price of $52.03.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings data on Monday, May 4th. The technology company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $256.07 million for the quarter, compared to analysts’ expectations of $251.32 million. Ichor had a negative net margin of 5.28% and a negative return on equity of 1.10%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.12 earnings per share. Ichor has set its Q2 2026 guidance at 0.250-0.350 EPS. Equities analysts expect that Ichor Holdings, Ltd. will post 0.97 EPS for the current fiscal year.

Insider Activity at Ichor

In other news, Director Marc Haugen sold 5,337 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $75.63, for a total value of $403,637.31. Following the completion of the transaction, the director directly owned 10,825 shares in the company, valued at $818,694.75. This trade represents a 33.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Greg Swyt sold 6,820 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $66.81, for a total transaction of $455,644.20. Following the transaction, the chief financial officer owned 53,070 shares in the company, valued at $3,545,606.70. This represents a 11.39% decrease in their position. 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. Insiders sold 79,447 shares of company stock worth $5,678,621 in the last three months. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Ichor

Hedge funds and other institutional investors have recently added to or reduced their stakes in 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of 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 buying an additional 865 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Ichor by 286.0% in the 1st quarter. Jane Street Group LLC now owns 53,277 shares of the technology company’s stock worth $1,205,000 after buying an additional 39,476 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings 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 buying an additional 10,400 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in shares of Ichor by 243.1% in 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 period. Institutional investors own 94.81% of the company’s stock.

About Ichor

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.