Ichor (NASDAQ:ICHR) Shares Gap Down – Should You Sell?

Ichor Holdings, Ltd. (NASDAQ:ICHR) gapped down prior to trading on Wednesday . The stock had previously closed at $112.28, but opened at $105.23. Ichor shares last traded at $107.1340, with a volume of 109,469 shares traded.

Analyst Ratings Changes

ICHR has been the subject of several recent research reports. B. Riley Financial upped their target price on Ichor from $90.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a research report on Wednesday, June 24th. TD Cowen upped their price objective on Ichor from $55.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Stifel Nicolaus set a $76.00 price objective on Ichor in a research note on Friday, May 1st. Finally, Needham & Company LLC increased their target price on Ichor from $48.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $71.71.

Ichor Stock Down 7.8%

The company has a market cap of $3.61 billion, a price-to-earnings ratio of -70.15 and a beta of 1.87. The stock has a 50-day simple moving average of $76.61 and a 200-day simple moving average of $51.37. The company has a current ratio of 2.82, a quick ratio of 1.21 and a debt-to-equity ratio of 0.17.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings data on Monday, May 4th. The technology company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $256.07 million for the quarter, compared to analysts’ expectations of $251.32 million. Ichor had a negative net margin of 5.28% and a negative return on equity of 1.10%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.12 earnings per share. Ichor has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, analysts predict that Ichor Holdings, Ltd. will post 0.97 EPS for the current year.

Insider Activity at Ichor

In related news, Director Marc Haugen sold 5,337 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $75.63, for a total transaction of $403,637.31. Following the transaction, the director owned 10,825 shares in the company, valued at $818,694.75. This trade represents a 33.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Greg Swyt sold 6,820 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $66.81, for a total value of $455,644.20. Following the sale, the chief financial officer directly owned 53,070 shares in the company, valued at approximately $3,545,606.70. The trade was a 11.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 79,447 shares of company stock worth $5,678,621 in the last three months. Insiders own 1.70% of the company’s stock.

Institutional Trading of Ichor

Several institutional investors have recently modified their holdings of the company. Royal Bank of Canada boosted its stake in Ichor by 27.7% during the first quarter. Royal Bank of Canada now owns 9,891 shares of the technology company’s stock valued at $224,000 after buying an additional 2,146 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Ichor by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company’s stock valued at $444,000 after acquiring an additional 865 shares during the last quarter. Jane Street Group LLC lifted its holdings in Ichor by 286.0% in the 1st quarter. Jane Street Group LLC now owns 53,277 shares of the technology company’s stock valued at $1,205,000 after acquiring an additional 39,476 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in Ichor by 75.9% in the 2nd quarter. Gamco Investors INC. ET AL now owns 24,100 shares of the technology company’s stock valued at $473,000 after acquiring an additional 10,400 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of Ichor by 243.1% during the 2nd quarter. Federated Hermes Inc. now owns 107,629 shares of the technology company’s stock valued at $2,114,000 after purchasing an additional 76,257 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

About Ichor

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.