Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $99.61, but opened at $89.98. Ichor shares last traded at $92.0360, with a volume of 244,262 shares traded.
Analysts Set New Price Targets
Several equities analysts have commented on the stock. TD Cowen increased their price target on shares of Ichor from $55.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Needham & Company LLC boosted their price objective on shares of Ichor from $48.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. B. Riley Financial boosted their price objective on shares of Ichor from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a report on Friday, March 27th. Finally, Stifel Nicolaus set a $76.00 target price on shares of Ichor in a research report on Friday, May 1st. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Ichor presently has an average rating of “Moderate Buy” and an average price target of $71.71.
Read Our Latest Analysis on ICHR
Ichor Trading Down 3.1%
Ichor (NASDAQ:ICHR – Get Free Report) last released its quarterly earnings results on Monday, May 4th. The technology company reported $0.15 EPS for the quarter, topping 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 company had revenue of $256.07 million for the quarter, compared to analyst estimates of $251.32 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The firm’s revenue 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, research analysts forecast that Ichor Holdings, Ltd. will post 0.97 EPS for the current year.
Insiders Place Their Bets
In related news, CEO Philip Ryan Sr. Barros sold 13,705 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $70.19, for a total value of $961,953.95. Following the completion of the sale, the chief executive officer owned 165,078 shares in the company, valued at $11,586,824.82. This represents a 7.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 company’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 sale, the director 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 79,447 shares of company stock worth $5,678,621. Corporate insiders own 1.70% of the company’s stock.
Institutional Investors Weigh In On Ichor
Hedge funds have recently made changes to their positions in the business. Linden Thomas Advisory Services LLC grew its holdings in shares of Ichor by 0.8% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 50,702 shares of the technology company’s stock worth $934,000 after buying an additional 398 shares during the last quarter. Hantz Financial Services Inc. raised its stake in Ichor by 64.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock valued at $28,000 after acquiring an additional 590 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in 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 acquired a new stake in Ichor during the 1st quarter worth approximately $37,000. Finally, AQR Capital Management LLC grew its stake in shares of Ichor by 0.6% in the 4th quarter. AQR Capital Management LLC now owns 134,194 shares of the technology company’s stock valued at $2,473,000 after purchasing an additional 817 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.
About Ichor
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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