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

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $95.67, but opened at $89.43. Ichor shares last traded at $86.4320, with a volume of 239,203 shares trading hands.

Analyst Ratings Changes

A number of research firms recently commented on ICHR. TD Cowen increased their price objective on Ichor from $55.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Stifel Nicolaus set a $76.00 price target on shares of Ichor in a report on Friday, May 1st. Zacks Research raised shares of Ichor from a “hold” rating to a “strong-buy” rating in a research note on Friday. B. Riley Financial lifted their target price on shares of Ichor from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Finally, Needham & Company LLC increased their price target on Ichor from $48.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Ichor has an average rating of “Moderate Buy” and a consensus price target of $71.71.

Ichor Price Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.21 and a current ratio of 2.82. The company’s fifty day moving average price is $79.43 and its 200 day moving average price is $53.71. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of -57.92 and a beta of 1.78.

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

Insider Buying and Selling at Ichor

In other Ichor news, CEO Philip Ryan Sr. Barros sold 13,705 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $70.19, for a total value of $961,953.95. Following the sale, the chief executive officer directly owned 165,078 shares in the company, valued at approximately $11,586,824.82. The trade was a 7.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Laura A. Black sold 20,000 shares of the stock in a transaction on Tuesday, June 2nd. The shares were 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 owned 20,462 shares of the company’s stock, valued at $1,535,059.24. This trade represents a 49.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 79,447 shares of company stock valued at $5,678,621. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Ichor

Several hedge funds have recently bought and sold shares of the business. Invesco Ltd. raised its holdings in Ichor by 141.2% in the 4th quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock worth $55,730,000 after acquiring an additional 1,770,425 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in Ichor by 497.2% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,698,239 shares of the technology company’s stock worth $29,753,000 after acquiring an additional 1,413,870 shares during the last quarter. Millennium Management LLC increased its position in Ichor by 1,710.7% in the 3rd quarter. Millennium Management LLC now owns 855,011 shares of the technology company’s stock valued at $14,980,000 after acquiring an additional 807,792 shares in the last quarter. Royce & Associates LP lifted its stake in shares of Ichor by 48.5% during the fourth quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock valued at $26,707,000 after acquiring an additional 473,440 shares during the period. Finally, J. Goldman & Co LP acquired a new stake in Ichor during the 4th quarter worth $6,663,000. 94.81% of the stock is owned by institutional investors and hedge funds.

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.