Ichor (NASDAQ:ICHR) Director Iain Mackenzie Sells 9,933 Shares of Stock

Ichor Holdings, Ltd. (NASDAQ:ICHR) Director Iain Mackenzie sold 9,933 shares of the 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 completion of the sale, the director directly owned 122,427 shares of the company’s stock, valued at approximately $8,050,799.52. The trade was a 7.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ichor Stock Down 3.8%

Shares of NASDAQ:ICHR traded down $2.34 during midday trading on Thursday, hitting $58.87. The stock had a trading volume of 740,206 shares, compared to its average volume of 1,039,538. Ichor Holdings, Ltd. has a 12 month low of $14.06 and a 12 month high of $113.58. 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 business’s 50-day simple moving average is $84.98 and its 200-day simple moving average is $66.03. The company has a market cap of $2.20 billion, a P/E ratio of -50.32 and a beta of 1.82.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings results on Monday, August 3rd. The technology company reported $0.34 earnings per share (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 analyst estimates of $300.17 million. During the same period in the prior year, the firm posted $0.03 earnings per share. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. On average, sell-side analysts forecast that Ichor Holdings, Ltd. will post 1.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ICHR has been the topic of a number of research analyst reports. Needham & Company LLC upped their target price on shares of Ichor from $72.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. TD Cowen reduced their price target on Ichor from $115.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. B. Riley Financial lowered their price target on Ichor from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a research note on Wednesday, June 24th. Finally, Oppenheimer upped their price objective on Ichor from $60.00 to $80.00 and gave the company a “market perform” rating in a research note on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Hedge Funds Weigh In On Ichor

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Ichor by 4.7% in the fourth quarter. Vanguard Group Inc. now owns 3,333,902 shares of the technology company’s stock valued at $61,444,000 after purchasing an additional 148,993 shares during the period. Invesco Ltd. boosted its holdings in shares of Ichor by 141.2% during the 4th quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock worth $55,730,000 after buying an additional 1,770,425 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Ichor by 15.3% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,957,656 shares of the technology company’s stock valued at $36,080,000 after buying an additional 259,417 shares during the last quarter. Royce & Associates LP grew its stake in Ichor by 48.5% in the 4th quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock valued at $26,707,000 after buying an additional 473,440 shares during the last quarter. Finally, State Street Corp raised its holdings in Ichor by 0.9% in the 4th quarter. State Street Corp now owns 1,285,419 shares of the technology company’s stock valued at $23,690,000 after acquiring an additional 11,645 shares during the period. 94.81% of the stock is currently 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.