Ichor (NASDAQ:ICHR) Shares Gap Down on Disappointing Earnings

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) gapped down prior to trading on Tuesday following a weaker than expected earnings announcement. The stock had previously closed at $22.92, but opened at $16.71. Ichor shares last traded at $16.1560, with a volume of 940,184 shares trading hands.

The technology company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.05). Ichor had a negative return on equity of 0.77% and a negative net margin of 2.23%.The company had revenue of $239.30 million for the quarter, compared to analysts’ expectations of $235.14 million. During the same period last year, the business earned $0.12 EPS. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. Ichor has set its Q4 2025 guidance at -0.140-0.020 EPS.

Wall Street Analysts Forecast Growth

ICHR has been the subject of several recent research reports. Wall Street Zen raised shares of Ichor from a “sell” rating to a “hold” rating in a research note on Monday, September 29th. Oppenheimer set a $21.00 target price on shares of Ichor and gave the company a “market perform” rating in a report on Tuesday, August 5th. Stifel Nicolaus set a $21.00 target price on shares of Ichor and gave the company a “hold” rating in a report on Tuesday. Zacks Research raised shares of Ichor from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Finally, DA Davidson reduced their target price on shares of Ichor from $45.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Ichor presently has a consensus rating of “Hold” and an average target price of $23.40.

Insider Activity

In related news, Director Marc Haugen acquired 3,000 shares of the company’s stock in a transaction dated Thursday, August 7th. The stock was bought at an average price of $17.75 per share, with a total value of $53,250.00. Following the purchase, the director directly owned 42,960 shares in the company, valued at $762,540. The trade was a 7.51% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Iain Mackenzie acquired 25,000 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were bought at an average cost of $16.63 per share, with a total value of $415,750.00. Following the purchase, the director owned 60,011 shares in the company, valued at approximately $997,982.93. The trade was a 71.41% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Arizona State Retirement System acquired a new position in shares of Ichor during the 3rd quarter valued at about $176,000. ARGA Investment Management LP increased its stake in shares of Ichor by 19.7% during the 3rd quarter. ARGA Investment Management LP now owns 58,390 shares of the technology company’s stock valued at $1,023,000 after acquiring an additional 9,625 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Ichor during the 3rd quarter worth about $115,000. Rice Hall James & Associates LLC purchased a new stake in shares of Ichor during the 3rd quarter worth about $3,877,000. Finally, Central Pacific Bank Trust Division grew its holdings in shares of Ichor by 530.7% during the 3rd quarter. Central Pacific Bank Trust Division now owns 12,040 shares of the technology company’s stock worth $211,000 after purchasing an additional 10,131 shares during the period. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor Stock Down 29.7%

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.32 and a current ratio of 3.22. The firm has a market cap of $552.88 million, a PE ratio of -26.40 and a beta of 1.94. The stock has a fifty day moving average price of $19.25 and a 200-day moving average price of $19.14.

Ichor Company Profile

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.