Ichor (NASDAQ:ICHR) Shares Gap Up – Time to Buy?

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) gapped up before the market opened on Monday. The stock had previously closed at $42.11, but opened at $44.77. Ichor shares last traded at $44.0990, with a volume of 137,947 shares trading hands.

Wall Street Analysts Forecast Growth

ICHR has been the subject of a number of analyst reports. Freedom Broker started coverage on shares of Ichor in a research report on Friday, October 9th. They set a “buy” rating and a $82.00 target price for the company. Needham & Company LLC increased their price target on shares of Ichor from $72.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. DA Davidson upgraded shares of Ichor to a “strong-buy” rating in a research report on Monday, October 5th. UBS Group set a $82.00 target price on shares of Ichor in a research note on Thursday, October 8th. Finally, B. Riley Financial dropped their target price on Ichor from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $85.89.

Ichor Trading Up 4.9%

The company has a fifty day moving average of $58.07 and a 200-day moving average of $69.64. The company has a current ratio of 3.70, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of -37.82 and a beta of 1.79.

Ichor (NASDAQ:ICHR) last announced its earnings results on Monday, August 3rd. The technology company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Ichor had a positive return on equity of 0.47% and a negative net margin of 3.97%. The business had revenue of $294.78 million during the quarter, compared to analysts’ expectations of $300.17 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. The business’s revenue was up 22.7% compared to the same quarter last year. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. As a group, equities research analysts anticipate that Ichor Holdings, Ltd. will post 1.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Ichor

In other Ichor news, CEO Philip Barros, Jr. sold 1,314 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $61.88, for a total value of $81,310.32. Following the transaction, the chief executive officer directly owned 161,562 shares of the company’s stock, valued at $9,997,456.56. This trade represents a 0.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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. Also, CFO Greg Swyt sold 689 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $65.01, for a total value of $44,791.89. Following the transaction, the chief financial officer owned 47,143 shares in the company, valued at approximately $3,064,766.43. This represents a 1.44% 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. Insiders have sold a total of 46,740 shares of company stock worth $2,602,960 in the last quarter. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Ichor

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Triumph Capital Management purchased a new stake in Ichor in the 3rd quarter valued at $1,274,000. GK Wealth Management LLC purchased a new position in shares of Ichor during the 3rd quarter worth $309,000. GAMMA Investing LLC grew its holdings in shares of Ichor by 11.5% in the third quarter. GAMMA Investing LLC now owns 2,565 shares of the technology company’s stock valued at $159,000 after purchasing an additional 264 shares during the period. Central Pacific Bank Trust Division grew its holdings in shares of Ichor by 16.8% in the third quarter. Central Pacific Bank Trust Division now owns 13,286 shares of the technology company’s stock valued at $822,000 after purchasing an additional 1,914 shares during the period. Finally, Tidal Investments LLC grew its holdings in shares of Ichor by 30.1% in the second quarter. Tidal Investments LLC now owns 12,866 shares of the technology company’s stock valued at $1,445,000 after purchasing an additional 2,978 shares during the period. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor Company Profile

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.