Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR – Get Free Report) shot up 8.8% during trading on Monday . The stock traded as high as $100.48 and last traded at $102.2840. Approximately 285,225 shares changed hands during trading, a decline of 72% from the average daily volume of 1,029,383 shares. The stock had previously closed at $94.00.
Analyst Upgrades and Downgrades
Several brokerages have commented on ICHR. Oppenheimer raised their target price on shares of Ichor from $36.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, May 5th. Needham & Company LLC upped their target price on Ichor from $48.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. TD Cowen raised their price target on shares of Ichor from $55.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. B. Riley Financial boosted their target price on Ichor from $90.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ichor has an average rating of “Moderate Buy” and a consensus target price of $71.71.
View Our Latest Research Report on Ichor
Ichor Price Performance
Ichor (NASDAQ:ICHR – Get Free Report) last issued its quarterly earnings results on Monday, May 4th. The technology company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Ichor had a negative net margin of 5.28% and a negative return on equity of 1.10%. The business had revenue of $256.07 million during the quarter, compared to analyst estimates of $251.32 million. During the same quarter last year, the business 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 research analysts forecast that Ichor Holdings, Ltd. will post 0.97 earnings per share for the current year.
Insider Activity at Ichor
In other news, Director Laura A. Black sold 20,000 shares of the firm’s stock in a transaction on 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 directly owned 20,462 shares in the company, valued at $1,535,059.24. This trade represents a 49.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Greg Swyt sold 19,662 shares of Ichor stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $70.42, for a total transaction of $1,384,598.04. Following 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 position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 79,447 shares of company stock worth $5,678,621. Insiders own 1.70% of the company’s stock.
Institutional Investors Weigh In On Ichor
A number of hedge funds and other institutional investors have recently made changes to their positions in ICHR. Linden Thomas Advisory Services LLC raised its position in Ichor by 0.8% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 50,702 shares of the technology company’s stock valued at $934,000 after buying an additional 398 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Ichor by 64.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock valued at $28,000 after purchasing an additional 590 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Ichor by 5.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,447 shares of the technology company’s stock worth $244,000 after acquiring an additional 666 shares during the period. AdvisorNet Financial Inc bought a new position in Ichor during the first quarter worth $37,000. Finally, AQR Capital Management LLC boosted its holdings in shares of Ichor by 0.6% during the 4th quarter. AQR Capital Management LLC now owns 134,194 shares of the technology company’s stock worth $2,473,000 after buying an additional 817 shares during the period. 94.81% of the stock is currently 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.
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