Ichor (NASDAQ:ICHR) Shares Down 7.9% – Here’s Why

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s stock price was down 7.9% during trading on Thursday . The company traded as low as $21.70 and last traded at $21.7450. Approximately 264,673 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 747,557 shares. The stock had previously closed at $23.61.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ICHR shares. Wall Street Zen downgraded Ichor from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ichor in a research report on Monday, December 29th. Oppenheimer raised shares of Ichor from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $21.00 to $25.00 in a research note on Wednesday, November 12th. Stifel Nicolaus set a $21.00 price objective on shares of Ichor and gave the stock a “hold” rating in a research report on Tuesday, November 4th. Finally, Zacks Research raised Ichor from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $23.20.

Ichor Price Performance

The company’s 50-day simple moving average is $17.62 and its 200 day simple moving average is $18.87. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.33 and a current ratio of 3.08. The company has a market cap of $762.20 million, a PE ratio of -18.50 and a beta of 1.83.

Ichor (NASDAQ:ICHR) last released its earnings results on Monday, November 3rd. The technology company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). The company had revenue of $239.30 million during the quarter, compared to analysts’ expectations of $235.14 million. Ichor had a negative net margin of 4.26% and a negative return on equity of 0.96%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the business posted $0.12 earnings per share. Ichor has set its Q4 2025 guidance at -0.140-0.020 EPS. On average, sell-side analysts predict that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Iain Mackenzie purchased 10,000 shares of the stock in a transaction on Monday, November 17th. The stock was bought at an average price of $14.53 per share, for a total transaction of $145,300.00. Following the acquisition, the director directly owned 130,011 shares of the company’s stock, valued at approximately $1,889,059.83. The trade was a 8.33% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. purchased a new position in Ichor during the 2nd quarter worth $27,000. Danske Bank A S purchased a new position in Ichor during the third quarter worth about $28,000. GAMMA Investing LLC lifted its position in Ichor by 95.1% in the second quarter. GAMMA Investing LLC now owns 1,619 shares of the technology company’s stock valued at $32,000 after purchasing an additional 789 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Ichor by 1,060.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,753 shares of the technology company’s stock valued at $34,000 after purchasing an additional 1,602 shares in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new position in Ichor during the 2nd quarter worth approximately $37,000. 94.81% of the stock is owned by institutional investors and hedge funds.

Ichor Company Profile

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.