Ichor (NASDAQ:ICHR) Trading Down 5% – Here’s What Happened

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) fell 5% during mid-day trading on Thursday . The stock traded as low as $50.10 and last traded at $50.0060. Approximately 43,930 shares changed hands during trading, a decline of 96% from the average session volume of 1,010,404 shares. The stock had previously closed at $52.63.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ICHR. Needham & Company LLC raised their price target on shares of Ichor from $72.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Stifel Nicolaus raised their price objective on Ichor from $76.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ichor in a report on Wednesday, June 24th. Oppenheimer increased their target price on shares of Ichor from $60.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, August 4th. Finally, DA Davidson set a $85.00 price target on shares of Ichor in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $87.00.

Ichor Price Performance

The company has a quick ratio of 2.07, a current ratio of 3.70 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $1.96 billion, a P/E ratio of -44.72 and a beta of 1.81. The business has a 50 day simple moving average of $77.95 and a 200-day simple moving average of $67.52.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Monday, August 3rd. The technology company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. Ichor had a negative net margin of 3.97% and a positive return on equity of 0.47%. The business had revenue of $294.78 million during the quarter, compared to analyst estimates of $300.17 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. The company’s quarterly revenue was up 22.7% on a year-over-year basis. 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.

Insider Activity

In other Ichor news, COO Bruce Ragsdale sold 10,587 shares of the firm’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 sale, the chief operating officer owned 92,324 shares in the company, valued at approximately $4,794,385.32. This trade represents a 10.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Iain Mackenzie sold 9,933 shares of Ichor stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $65.76, for a total value of $653,194.08. Following the sale, the director directly owned 122,427 shares in the company, valued at approximately $8,050,799.52. This trade represents a 7.50% 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 have sold a total of 28,654 shares of company stock worth $1,739,932 in the last quarter. Company insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ICHR. Versant Capital Management Inc grew its holdings in shares of Ichor by 100.0% during the 2nd quarter. Versant Capital Management Inc now owns 252 shares of the technology company’s stock worth $28,000 after purchasing an additional 126 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of Ichor by 64.8% in the fourth quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock valued at $28,000 after purchasing an additional 590 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Ichor by 5.7% in the second quarter. The Manufacturers Life Insurance Company now owns 12,447 shares of the technology company’s stock worth $244,000 after purchasing an additional 666 shares during the period. AdvisorNet Financial Inc bought a new position in Ichor in the first quarter worth $37,000. Finally, AQR Capital Management LLC lifted its position in Ichor by 0.6% in the fourth quarter. AQR Capital Management LLC now owns 134,194 shares of the technology company’s stock worth $2,473,000 after purchasing an additional 817 shares during the period. Institutional investors 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.