Ichor (NASDAQ:ICHR) Director Iain Mackenzie Sells 9,933 Shares

Ichor Holdings, Ltd. (NASDAQ:ICHR) Director Iain Mackenzie sold 9,933 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $65.76, for a total transaction of $653,194.08. Following the completion of the transaction, the director owned 122,427 shares of the company’s stock, valued at $8,050,799.52. This trade represents a 7.50% decrease in their ownership of the stock. 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.

Ichor Price Performance

Shares of NASDAQ:ICHR opened at $58.87 on Friday. The company has a 50 day moving average of $84.48 and a 200 day moving average of $66.23. 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 stock has a market cap of $2.20 billion, a P/E ratio of -50.32 and a beta of 1.82. Ichor Holdings, Ltd. has a 12 month low of $14.06 and a 12 month high of $113.58.

Ichor (NASDAQ:ICHR) last posted its earnings results on Monday, August 3rd. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. Ichor had a negative net margin of 3.97% and a positive return on equity of 0.47%. The business had revenue of $294.78 million for the quarter, compared to analysts’ expectations of $300.17 million. During the same period in the prior year, the company posted $0.03 EPS. The business’s revenue for the quarter 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, sell-side analysts forecast that Ichor Holdings, Ltd. will post 1.13 EPS for the current fiscal year.

Institutional Trading of Ichor

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Ichor by 4.7% in the fourth quarter. Vanguard Group Inc. now owns 3,333,902 shares of the technology company’s stock worth $61,444,000 after acquiring an additional 148,993 shares in the last quarter. Invesco Ltd. raised its position in Ichor by 141.2% during the fourth quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock valued at $55,730,000 after purchasing an additional 1,770,425 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in Ichor by 15.3% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,957,656 shares of the technology company’s stock valued at $36,080,000 after purchasing an additional 259,417 shares in the last quarter. Royce & Associates LP lifted its stake in 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. Finally, State Street Corp boosted its holdings in shares of Ichor by 0.9% in the 4th quarter. State Street Corp now owns 1,285,419 shares of the technology company’s stock worth $23,690,000 after purchasing an additional 11,645 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. DA Davidson set a $85.00 price objective on Ichor in a research note on Wednesday, August 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a research note on Wednesday, June 24th. Oppenheimer raised their price target on Ichor from $60.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, August 4th. Needham & Company LLC lifted their price target on Ichor from $72.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Finally, Stifel Nicolaus boosted their price objective on Ichor from $76.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $87.00.

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.