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

Ichor Holdings, Ltd. (NASDAQ:ICHR) shares 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 changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ICHR shares. 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. Freedom Broker started coverage on shares of Ichor in a research note on Friday, October 9th. They set a “buy” rating and a $82.00 price objective for the company. B. Riley Financial reduced their price objective on shares of Ichor from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. DA Davidson raised shares of Ichor to a “strong-buy” rating in a report on Monday, October 5th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ichor in a research note on Monday, September 21st. One equities research 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 issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.89.

Ichor Stock Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 3.70 and a quick ratio of 2.07. The company has a 50 day simple moving average of $57.14 and a 200-day simple moving average of $69.59. The stock has a market cap of $1.58 billion, a P/E ratio of -36.09 and a beta of 1.79.

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

Insider Buying and Selling at Ichor

In other news, COO Bruce Ragsdale sold 10,587 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were 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 directly owned 92,324 shares in the company, valued at approximately $4,794,385.32. The trade was a 10.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Iain MacKenzie sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $50.66, for a total transaction of $1,013,200.00. Following the completion of the sale, the director owned 102,427 shares of the company’s stock, valued at approximately $5,188,951.82. The trade was a 16.34% 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. Insiders have sold 46,740 shares of company stock valued at $2,602,960 over the last ninety days. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Ichor

Institutional investors and hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC boosted its holdings in Ichor by 9.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,986 shares of the technology company’s stock valued at $308,000 after acquiring an additional 433 shares during the period. Robeco Institutional Asset Management B.V. purchased a new position in Ichor in the 3rd quarter worth approximately $1,991,000. Revisor Wealth Management LLC increased its stake in Ichor by 254.8% in the 3rd quarter. Revisor Wealth Management LLC now owns 7,785 shares of the technology company’s stock worth $482,000 after purchasing an additional 5,591 shares during the period. Triumph Capital Management purchased a new position in Ichor in the 3rd quarter worth approximately $1,274,000. Finally, GK Wealth Management LLC bought a new stake in Ichor in the third quarter valued at approximately $309,000. Institutional investors own 94.81% of the company’s stock.

Ichor Company Profile

Ichor Holdings, Ltd. (NASDAQ: ICHR) is a supplier to the semiconductor equipment industry. The company designs, engineers and manufactures critical fluid-delivery subsystems used in semiconductor fabrication equipment, including systems that deliver and control gases and chemicals during the wafer-manufacturing process.

Ichor’s products and services include gas and chemical delivery systems, precision-machined components, weldments, fluid-management assemblies and related engineering and manufacturing services.