Ichor (NASDAQ:ICHR) Stock Price Down 5.9% – Here’s What Happened

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s stock price fell 5.9% during trading on Monday. The company traded as low as $56.94 and last traded at $56.3790. Approximately 59,538 shares traded hands during trading, a decline of 94% from the average session volume of 966,775 shares. The stock had previously closed at $59.91.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ICHR shares. TD Cowen dropped their price target on shares of Ichor from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Stifel Nicolaus boosted their price target on Ichor from $76.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ichor in a research report on Monday, September 21st. Freedom Broker started coverage on Ichor in a research note on Friday, October 9th. They set a “buy” rating and a $82.00 price objective on the stock. Finally, UBS Group set a $82.00 price objective on Ichor in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Ichor presently has an average rating of “Moderate Buy” and an average target price of $85.89.

Ichor Stock Down 5.2%

The firm has a 50 day moving average of $59.32 and a two-hundred day moving average of $69.62. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 604.22 and a beta of 1.79. The company has a quick ratio of 2.07, a current ratio of 3.70 and a debt-to-equity ratio of 0.13.

Ichor (NASDAQ:ICHR) last issued its 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. The firm had revenue of $294.78 million during the quarter, compared to the consensus estimate of $300.17 million. Ichor had a positive return on equity of 0.47% and a negative net margin of 3.97%. The business’s quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.03 earnings per share. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. As a group, sell-side analysts anticipate that Ichor Holdings, Ltd. will post 1.13 EPS for the current fiscal year.

Insider Activity at Ichor

In other news, CFO Greg Swyt sold 2,068 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $58.02, for a total transaction of $119,985.36. Following the sale, the chief financial officer directly owned 47,832 shares in the company, valued at approximately $2,775,212.64. The trade was a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Philip Barros, Jr. sold 1,314 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $61.88, for a total value of $81,310.32. Following the completion of the transaction, the chief executive officer directly owned 161,562 shares of the company’s stock, valued at $9,997,456.56. This represents a 0.81% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 46,740 shares of company stock valued at $2,602,960 over the last three months. 1.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ichor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc increased 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 worth $28,000 after acquiring an additional 126 shares in the last quarter. Allworth Financial LP raised its position in shares of Ichor by 125.1% in the 2nd quarter. Allworth Financial LP now owns 421 shares of the technology company’s stock worth $47,000 after purchasing an additional 234 shares during the last quarter. GAMMA Investing LLC boosted its stake in Ichor by 11.5% in the 3rd quarter. GAMMA Investing LLC now owns 2,565 shares of the technology company’s stock worth $159,000 after purchasing an additional 264 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Ichor in the 2nd quarter worth about $45,000. Finally, AdvisorNet Financial Inc bought a new position in Ichor in the 1st quarter worth about $37,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Ichor Company Profile

Ichor Holdings, Ltd. (NASDAQ: ICHR) designs, engineers and manufactures critical fluid-delivery subsystems and components used in semiconductor manufacturing equipment. Its products help deliver, control and distribute gases and chemicals used in wafer fabrication processes.

The company’s offerings include gas and chemical delivery systems, precision-machined components, weldments, assemblies and other specialized components for semiconductor capital equipment. Ichor primarily serves original equipment manufacturers and other customers involved in the production of semiconductor devices.

Founded in 1999, Ichor is headquartered in Fremont, California, and operates manufacturing and engineering facilities across several regions, including North America, Europe and Asia.