Ichor (NASDAQ:ICHR) Shares Gap Down on Analyst Downgrade

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s share price gapped down before the market opened on Wednesday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $95.85, but opened at $91.49. Ichor shares last traded at $96.90, with a volume of 66,804 shares trading hands.

Several other equities analysts also recently issued reports on the company. TD Cowen upped their target price on Ichor from $80.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. B. Riley Financial lifted their price target on Ichor from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ichor in a research note on Wednesday, June 24th. Oppenheimer increased their price objective on Ichor from $36.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, May 5th. Finally, 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. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.29.

Insider Activity

In related news, CFO Greg Swyt sold 19,662 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $70.42, for a total transaction of $1,384,598.04. Following the completion of the transaction, the chief financial officer directly owned 60,971 shares in the company, valued at $4,293,577.82. The trade was a 24.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Marc Haugen sold 9,923 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $72.11, for a total transaction of $715,547.53. Following the completion of the sale, the director directly owned 16,162 shares in the company, valued at approximately $1,165,441.82. The trade was a 38.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 79,447 shares of company stock valued at $5,678,621 over the last quarter. Insiders own 1.70% of the company’s stock.

Institutional Trading of Ichor

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc lifted its stake in shares of Ichor by 100.0% in the 2nd quarter. Versant Capital Management Inc now owns 252 shares of the technology company’s stock valued at $28,000 after purchasing an additional 126 shares during the period. Linden Thomas Advisory Services LLC boosted its holdings in Ichor by 0.8% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 50,702 shares of the technology company’s stock worth $934,000 after buying an additional 398 shares in the last quarter. Hantz Financial Services Inc. grew its position in Ichor by 64.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock valued at $28,000 after buying an additional 590 shares during the period. The Manufacturers Life Insurance Company grew its position in Ichor by 5.7% during the second quarter. The Manufacturers Life Insurance Company now owns 12,447 shares of the technology company’s stock valued at $244,000 after buying an additional 666 shares during the period. Finally, AdvisorNet Financial Inc purchased a new position in Ichor in the first quarter valued at $37,000. 94.81% of the stock is owned by institutional investors and hedge funds.

Ichor Stock Down 1.4%

The business’s fifty day simple moving average is $84.66 and its two-hundred day simple moving average is $60.36. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.82 and a quick ratio of 1.21. The company has a market cap of $3.28 billion, a PE ratio of -63.53 and a beta of 1.78.

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

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.