Ichor (NASDAQ:ICHR) Shares Down 6.6% – What’s Next?

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s stock price fell 6.6% during mid-day trading on Thursday . The company traded as low as $106.66 and last traded at $104.3850. 330,416 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 1,043,550 shares. The stock had previously closed at $111.77.

Analysts Set New Price Targets

Several research firms have weighed in on ICHR. TD Cowen upped their target price on Ichor from $55.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Needham & Company LLC lifted their price target on Ichor from $48.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. B. Riley Financial boosted their price target on Ichor from $90.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Stifel Nicolaus set a $76.00 price target on Ichor in a report on Friday, May 1st. Finally, Oppenheimer upped their price objective on Ichor from $36.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.71.

Ichor Price Performance

The firm’s fifty day moving average is $78.89 and its 200-day moving average is $52.92. The company has a market capitalization of $3.42 billion, a P/E ratio of -66.36 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 data on Monday, May 4th. The technology company reported $0.15 EPS for the quarter, beating 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 business had revenue of $256.07 million during the quarter, compared to the consensus estimate of $251.32 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. Ichor has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, equities research analysts predict that Ichor Holdings, Ltd. will post 0.97 EPS for the current year.

Insider Buying and Selling

In other Ichor news, CFO Greg Swyt sold 19,662 shares of the company’s stock in a transaction dated 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 owned 60,971 shares of the company’s stock, valued at $4,293,577.82. This represents a 24.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Laura A. Black sold 20,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $75.02, for a total value of $1,500,400.00. Following the completion of the transaction, the director directly owned 20,462 shares of the company’s stock, valued at approximately $1,535,059.24. The trade was a 49.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 79,447 shares of company stock worth $5,678,621 in the last ninety days. Insiders own 1.70% of the company’s stock.

Institutional Trading of Ichor

Hedge funds have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC acquired a new position in shares of Ichor in the fourth quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. acquired a new stake in Ichor during the 2nd quarter worth approximately $27,000. Hantz Financial Services Inc. boosted its position in Ichor by 64.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock worth $28,000 after buying an additional 590 shares during the period. Versant Capital Management Inc grew its holdings in Ichor by 100.0% during the 2nd quarter. Versant Capital Management Inc now owns 252 shares of the technology company’s stock worth $28,000 after acquiring an additional 126 shares during the last quarter. Finally, Danske Bank A S bought a new stake in Ichor during the 3rd quarter worth approximately $28,000. 94.81% of the stock is owned by institutional investors and hedge funds.

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.