Ichor (NASDAQ:ICHR) Shares Gap Down – What’s Next?

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $93.17, but opened at $88.10. Ichor shares last traded at $90.8510, with a volume of 79,444 shares traded.

Analysts Set New Price Targets

A number of analysts recently issued reports on ICHR shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ichor in a research note on Wednesday, June 24th. TD Cowen raised their price objective on shares of Ichor from $80.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Stifel Nicolaus boosted their target price on Ichor from $76.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. B. Riley Financial upped their price target on shares of Ichor from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Finally, Needham & Company LLC increased their price objective on Ichor from $48.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $82.29.

Ichor Trading Down 1.0%

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.21 and a current ratio of 2.82. The stock has a 50-day simple moving average of $83.27 and a two-hundred day simple moving average of $58.03. The firm has a market cap of $2.89 billion, a PE ratio of -55.99 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 for the quarter, topping the consensus estimate of $0.13 by $0.02. Ichor had a negative net margin of 5.28% and a negative return on equity of 1.10%. The firm had revenue of $256.07 million for the quarter, compared to analysts’ expectations of $251.32 million. During the same quarter in the prior year, the business earned $0.12 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. Ichor has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, sell-side analysts anticipate that Ichor Holdings, Ltd. will post 0.97 EPS for the current year.

Insider Buying and Selling at Ichor

In related news, Director Jorge Titinger sold 4,000 shares of Ichor stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $64.21, for a total value of $256,840.00. Following the completion of the sale, the director directly owned 12,318 shares in the company, valued at $790,938.78. This trade represents a 24.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Marc Haugen sold 5,337 shares of Ichor stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $75.63, for a total value of $403,637.31. Following the sale, the director directly owned 10,825 shares of the company’s stock, valued at approximately $818,694.75. This represents a 33.02% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 79,447 shares of company stock valued at $5,678,621. 1.70% of the stock is owned by company insiders.

Institutional Trading of Ichor

Hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. grew its stake in Ichor by 141.2% during the 4th quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock worth $55,730,000 after purchasing an additional 1,770,425 shares in the last quarter. Millennium Management LLC increased its position in Ichor by 1,710.7% in the 3rd quarter. Millennium Management LLC now owns 855,011 shares of the technology company’s stock valued at $14,980,000 after acquiring an additional 807,792 shares during the period. Royce & Associates LP raised its stake in shares of Ichor by 48.5% during the fourth quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock worth $26,707,000 after purchasing an additional 473,440 shares during the last quarter. J. Goldman & Co LP acquired a new stake in shares of Ichor in the 4th quarter worth $6,663,000. Finally, Heartland Advisors Inc. acquired a new stake in Ichor in the fourth quarter valued at about $5,529,000. 94.81% of the stock is owned by hedge funds and other institutional investors.

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.