Ichor (NASDAQ:ICHR) Trading Down 5% – Should You Sell?

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

Analyst Ratings Changes

A number of brokerages recently weighed in on ICHR. Oppenheimer upped their target price on shares of Ichor from $60.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 4th. Needham & Company LLC lifted their price target on Ichor from $72.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. DA Davidson set a $85.00 price target on Ichor in a report on Wednesday, August 5th. TD Cowen reduced their price objective on Ichor from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Finally, Zacks Research raised Ichor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Ichor Trading Up 6.7%

The firm has a market cap of $2.11 billion, a P/E ratio of -48.19 and a beta of 1.81. The business’s 50-day moving average is $76.36 and its two-hundred day moving average is $67.48. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.70 and a quick ratio of 2.07.

Ichor (NASDAQ:ICHR) last issued 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 firm had revenue of $294.78 million for the quarter, compared to analysts’ expectations of $300.17 million. During the same period in the previous year, the firm posted $0.03 EPS. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. As a group, analysts predict that Ichor Holdings, Ltd. will post 1.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Ichor news, CFO Greg Swyt sold 6,820 shares of the firm’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 completion of the transaction, the chief financial officer directly owned 53,070 shares in the company, valued at $3,545,606.70. This trade represents a 11.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Bruce Ragsdale sold 10,587 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $51.93, for a total value of $549,782.91. Following the transaction, the chief operating officer directly owned 92,324 shares in the company, valued at $4,794,385.32. This trade represents a 10.29% 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. Over the last ninety days, insiders have sold 28,654 shares of company stock worth $1,739,932. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Ichor

Several hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System increased its holdings in Ichor by 10,835.2% during the second quarter. California State Teachers Retirement System now owns 4,462,232 shares of the technology company’s stock worth $501,019,000 after buying an additional 4,421,426 shares during the last quarter. Invesco Ltd. grew its position in shares of Ichor by 141.2% in the 4th quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock valued at $55,730,000 after acquiring an additional 1,770,425 shares during the period. Millennium Management LLC grew its position in shares of 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 during the period. Royce & Associates LP increased its stake in shares of Ichor by 48.5% during the 4th quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock worth $26,707,000 after purchasing an additional 473,440 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Ichor by 54.3% during the 2nd quarter. Wellington Management Group LLP now owns 1,108,844 shares of the technology company’s stock worth $124,501,000 after purchasing an additional 390,017 shares during the last quarter. 94.81% of the stock is owned by institutional investors.

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.