Ichor (NASDAQ:ICHR) Shares Gap Up – Here’s Why

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $90.41, but opened at $97.17. Ichor shares last traded at $94.1290, with a volume of 116,929 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Oppenheimer boosted their target price on Ichor from $36.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 5th. B. Riley Financial increased their price target on Ichor from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Stifel Nicolaus lifted their price objective on Ichor from $76.00 to $115.00 and gave the company a “buy” rating in a research note on Friday. Needham & Company LLC boosted their price objective on Ichor from $48.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, TD Cowen upped their target price on shares of Ichor from $80.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $82.29.

Ichor Trading Up 5.6%

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 business’s 50 day moving average is $81.89 and its 200 day moving average is $56.34. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of -64.36 and a beta of 1.78.

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

Insiders Place Their Bets

In other news, Director Laura A. Black sold 20,000 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $75.02, for a total value of $1,500,400.00. Following the transaction, the director owned 20,462 shares in the company, valued at approximately $1,535,059.24. This represents a 49.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jorge Titinger sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $64.21, for a total value of $256,840.00. Following the sale, the director directly owned 12,318 shares in the company, valued at $790,938.78. This trade represents a 24.51% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 79,447 shares of company stock worth $5,678,621. 1.70% of the stock is currently owned by company insiders.

Institutional Trading of Ichor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. purchased a new stake in shares of Ichor during the 2nd quarter worth approximately $5,165,000. Versant Capital Management Inc boosted its holdings 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 buying an additional 126 shares in the last quarter. Lombard Odier Asset Management Europe Ltd purchased a new position in shares of Ichor in the 1st quarter valued at $2,684,000. Amundi purchased a new position in shares of Ichor in the 1st quarter valued at $217,000. Finally, California State Teachers Retirement System raised its stake in Ichor by 31.1% during the 1st quarter. California State Teachers Retirement System now owns 40,806 shares of the technology company’s stock worth $1,902,000 after acquiring an additional 9,677 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

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.