Laura Black Sells 20,000 Shares of Ichor (NASDAQ:ICHR) Stock

Ichor Holdings, Ltd. (NASDAQ:ICHRGet Free Report) Director Laura Black sold 20,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $75.02, for a total transaction of $1,500,400.00. Following the sale, 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 document filed with the SEC, which can be accessed through this hyperlink.

Ichor Stock Performance

ICHR stock traded up $4.88 during midday trading on Tuesday, hitting $74.89. 1,019,448 shares of the stock traded hands, compared to its average volume of 1,151,862. The firm has a market cap of $2.61 billion, a P/E ratio of -50.20 and a beta of 1.87. 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 stock’s fifty day simple moving average is $62.38 and its 200-day simple moving average is $41.00. Ichor Holdings, Ltd. has a 1-year low of $13.12 and a 1-year high of $78.00.

Ichor (NASDAQ:ICHRGet Free Report) last released its quarterly 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. The company had revenue of $256.07 million for the quarter, compared to analyst estimates of $251.32 million. Ichor had a negative net margin of 5.28% and a negative return on equity of 1.10%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business earned $0.12 earnings per share. Ichor has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, analysts expect that Ichor Holdings, Ltd. will post 0.97 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. DA Davidson lifted their target price on shares of Ichor from $30.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Stifel Nicolaus set a $76.00 target price on shares of Ichor in a research report on Friday, May 1st. TD Cowen lifted their target price on shares of Ichor from $55.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Wall Street Zen upgraded Ichor from a “strong sell” rating to a “hold” rating in a research report on Sunday, February 15th. Finally, Needham & Company LLC increased their price objective on Ichor from $48.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.57.

Check Out Our Latest Report on Ichor

Hedge Funds Weigh In On Ichor

A number of institutional investors and hedge funds have recently bought and sold shares of ICHR. Invesco Ltd. boosted its position in Ichor by 141.2% during the fourth quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock worth $55,730,000 after acquiring an additional 1,770,425 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Ichor by 497.2% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,698,239 shares of the technology company’s stock worth $29,753,000 after acquiring an additional 1,413,870 shares during the last quarter. Millennium Management LLC boosted its position in Ichor by 1,710.7% during the third quarter. Millennium Management LLC now owns 855,011 shares of the technology company’s stock worth $14,980,000 after acquiring an additional 807,792 shares during the last quarter. Royce & Associates LP boosted its position in Ichor by 48.5% during the fourth quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock worth $26,707,000 after acquiring an additional 473,440 shares during the last quarter. Finally, J. Goldman & Co LP acquired a new position in Ichor during the fourth quarter worth about $6,663,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Ichor Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Ichor (NASDAQ:ICHR)

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