Ichor (NASDAQ:ICHR) Shares Down 7.9% – Should You Sell?

Ichor Holdings, Ltd. (NASDAQ:ICHR) traded down 7.9% on Thursday . The stock traded as low as $21.70 and last traded at $21.7450. 264,673 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 747,557 shares. The stock had previously closed at $23.61.

Wall Street Analysts Forecast Growth

ICHR has been the subject of a number of recent analyst reports. DA Davidson dropped their price objective on Ichor from $35.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, November 4th. Oppenheimer raised shares of Ichor from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $21.00 to $25.00 in a research note on Wednesday, November 12th. Zacks Research upgraded shares of Ichor from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ichor in a report on Monday, December 29th. Finally, Wall Street Zen cut shares of Ichor from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $23.20.

Ichor Trading Up 5.4%

The company has a market capitalization of $817.21 million, a PE ratio of -19.81 and a beta of 1.83. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.08 and a quick ratio of 1.33. The company’s fifty day moving average is $17.64 and its 200-day moving average is $18.94.

Ichor (NASDAQ:ICHR) last posted its earnings results on Monday, November 3rd. The technology company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). Ichor had a negative return on equity of 0.96% and a negative net margin of 4.26%.The company had revenue of $239.30 million for the quarter, compared to analysts’ expectations of $235.14 million. During the same quarter in the prior year, the company earned $0.12 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. Ichor has set its Q4 2025 guidance at -0.140-0.020 EPS. On average, analysts anticipate that Ichor Holdings, Ltd. will post 1.01 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Iain Mackenzie bought 10,000 shares of the business’s stock in a transaction on Monday, November 17th. The shares were bought at an average price of $14.53 per share, for a total transaction of $145,300.00. Following the completion of the purchase, the director directly owned 130,011 shares of the company’s stock, valued at approximately $1,889,059.83. This trade represents a 8.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Ichor

A number of institutional investors have recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Ichor by 497.2% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,698,239 shares of the technology company’s stock worth $29,753,000 after acquiring an additional 1,413,870 shares in the last quarter. Millennium Management LLC grew its holdings in Ichor by 1,710.7% in the third quarter. Millennium Management LLC now owns 855,011 shares of the technology company’s stock worth $14,980,000 after purchasing an additional 807,792 shares during the last quarter. Invesco Ltd. increased its position in shares of Ichor by 61.8% during the third quarter. Invesco Ltd. now owns 1,253,457 shares of the technology company’s stock worth $21,961,000 after purchasing an additional 478,952 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Ichor by 143.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 515,638 shares of the technology company’s stock valued at $10,127,000 after purchasing an additional 304,228 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Ichor by 231.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 393,371 shares of the technology company’s stock worth $7,726,000 after purchasing an additional 274,633 shares in the last quarter. 94.81% of the stock is currently owned by 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.