Ichor (NASDAQ:ICHR) Shares Gap Up – Here’s Why

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) gapped up before the market opened on Monday . The stock had previously closed at $98.22, but opened at $103.95. Ichor shares last traded at $100.96, with a volume of 400,529 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ICHR. Needham & Company LLC raised their price objective on Ichor from $48.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Oppenheimer increased their target price on shares of Ichor from $36.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. Stifel Nicolaus set a $76.00 price target on shares of Ichor in a report on Friday, May 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ichor in a research report on Wednesday, June 24th. Finally, TD Cowen boosted their price objective on shares of Ichor from $55.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Ichor currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.71.

Ichor Stock Up 1.3%

The firm has a fifty day simple moving average of $78.89 and a 200-day simple moving average of $53.16. The company has a market capitalization of $3.47 billion, a PE ratio of -67.67 and a beta of 1.78. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.21 and a current ratio of 2.82.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Monday, May 4th. The technology company reported $0.15 EPS for the quarter, topping the consensus estimate 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 quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.12 earnings per share. Ichor has set its Q2 2026 guidance at 0.250-0.350 EPS. Equities research analysts anticipate that Ichor Holdings, Ltd. will post 0.97 EPS for the current fiscal year.

Insider Buying and Selling at Ichor

In other Ichor news, CEO Philip Ryan Sr. Barros sold 13,705 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $70.19, for a total value of $961,953.95. Following the sale, the chief executive officer owned 165,078 shares in the company, valued at approximately $11,586,824.82. This trade represents a 7.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Greg Swyt sold 19,662 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $70.42, for a total value of $1,384,598.04. Following the completion of the transaction, the chief financial officer directly owned 60,971 shares of the company’s stock, valued at $4,293,577.82. This trade represents a 24.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 79,447 shares of company stock valued at $5,678,621. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Ichor

Several hedge funds and other institutional investors have recently bought and sold shares of ICHR. Royal Bank of Canada raised its holdings in Ichor by 27.7% during the 1st quarter. Royal Bank of Canada now owns 9,891 shares of the technology company’s stock worth $224,000 after buying an additional 2,146 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 valued at $444,000 after purchasing an additional 865 shares during the period. Jane Street Group LLC lifted its position in shares of Ichor by 286.0% in the first quarter. Jane Street Group LLC now owns 53,277 shares of the technology company’s stock worth $1,205,000 after purchasing an additional 39,476 shares in the last quarter. Gamco Investors INC. ET AL lifted its position 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 worth $473,000 after purchasing an additional 10,400 shares in the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of Ichor by 243.1% during the second quarter. Federated Hermes Inc. now owns 107,629 shares of the technology company’s stock worth $2,114,000 after purchasing an additional 76,257 shares during the period. 94.81% of the stock is currently owned by 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.