Ichor Holdings, Ltd. (NASDAQ:ICHR – Get Free Report)’s stock price traded down 6.2% during trading on Wednesday . The company traded as low as $62.58 and last traded at $61.9510. 85,147 shares were traded during trading, a decline of 92% from the average daily volume of 1,036,723 shares. The stock had previously closed at $66.08.
Analyst Upgrades and Downgrades
ICHR has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ichor in a research note on Wednesday, June 24th. Stifel Nicolaus boosted their price target on Ichor from $76.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Zacks Research cut Ichor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. TD Cowen dropped their price target on Ichor from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Finally, Oppenheimer increased their price objective on shares of Ichor from $60.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, August 4th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $87.00.
Get Our Latest Stock Report on ICHR
Ichor Trading Down 4.9%
Ichor (NASDAQ:ICHR – Get Free Report) last posted its earnings results on Monday, August 3rd. The technology company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $294.78 million for 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 firm’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.03 earnings per share. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. Sell-side analysts forecast that Ichor Holdings, Ltd. will post 1.13 earnings per share for the current fiscal year.
Insider Activity
In other news, CFO Greg Swyt sold 19,662 shares of the 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 completion of the transaction, the chief financial officer directly owned 60,971 shares in the company, valued at approximately $4,293,577.82. This represents a 24.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Laura A. 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 completion of the transaction, the director directly owned 20,462 shares of the company’s stock, valued at approximately $1,535,059.24. This trade represents a 49.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 60,187 shares of company stock worth $4,302,596. 1.70% of the stock is currently owned by insiders.
Institutional Trading of Ichor
A number of large investors have recently made changes to their positions in ICHR. Public Employees Retirement System of Ohio bought a new position in shares of Ichor in the 2nd quarter valued at about $114,000. Assenagon Asset Management S.A. purchased a new stake in Ichor during the second quarter valued at approximately $5,165,000. Versant Capital Management Inc raised its position in Ichor by 100.0% during the second 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. Lombard Odier Asset Management Europe Ltd bought a new stake in shares of Ichor in the 1st quarter valued at approximately $2,684,000. Finally, Amundi bought a new stake in shares of Ichor in the 1st quarter valued at approximately $217,000. 94.81% of the stock is currently owned by institutional investors.
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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