Insider Selling: Ichor (NASDAQ:ICHR) COO Sells 10,587 Shares of Stock

Ichor Holdings, Ltd. (NASDAQ:ICHR) COO Bruce Ragsdale sold 10,587 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $51.93, for a total value of $549,782.91. Following the completion of the sale, the chief operating officer owned 92,324 shares of the company’s stock, valued at approximately $4,794,385.32. This trade represents a 10.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ichor Stock Performance

Shares of ICHR stock traded down $1.81 during trading hours on Tuesday, reaching $51.76. 735,504 shares of the company’s stock were exchanged, compared to its average volume of 798,453. Ichor Holdings, Ltd. has a fifty-two week low of $14.06 and a fifty-two week high of $113.58. The business has a fifty day moving average price of $78.69 and a 200-day moving average price of $67.46. The stock has a market capitalization of $1.94 billion, a P/E ratio of -44.24 and a beta of 1.81. The company has a quick ratio of 2.07, a current ratio of 3.70 and a debt-to-equity ratio of 0.13.

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

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Oppenheimer lifted their price objective on Ichor from $60.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, August 4th. Needham & Company LLC boosted their target price on shares of Ichor from $72.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. TD Cowen reduced their target price on shares of Ichor from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Zacks Research raised shares of Ichor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a research report on Wednesday, June 24th. One 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $87.00.

Institutional Investors Weigh In On Ichor

A number of institutional investors have recently made changes to their positions in ICHR. Versant Capital Management Inc lifted its stake in Ichor by 100.0% in the second quarter. Versant Capital Management Inc now owns 252 shares of the technology company’s stock valued at $28,000 after buying an additional 126 shares during the period. AdvisorNet Financial Inc bought a new stake in shares of Ichor in the 1st quarter valued at about $37,000. KBC Group NV acquired a new stake in shares of Ichor in the 1st quarter valued at approximately $44,000. Public Employees Retirement System of Ohio bought a new position in Ichor during the 2nd quarter worth approximately $114,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Ichor during the second quarter valued at approximately $27,000. 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.