Ichor (NASDAQ:ICHR) Trading 6.9% Higher – Here’s What Happened

Ichor Holdings, Ltd. (NASDAQ:ICHRGet Free Report) shares were up 6.9% during mid-day trading on Friday . The company traded as high as $56.70 and last traded at $56.4650. 345,617 shares traded hands during trading, a decline of 66% from the average session volume of 1,009,878 shares. The stock had previously closed at $52.82.

Analyst Upgrades and Downgrades

ICHR has been the subject of a number of analyst reports. B. Riley Financial decreased their price objective on Ichor from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. DA Davidson set a $85.00 price objective on Ichor in a research report on Wednesday, August 5th. Zacks Research upgraded Ichor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. Stifel Nicolaus raised their target price on shares of Ichor from $76.00 to $115.00 and gave the company a “buy” rating in a report on Friday, July 10th. Finally, Oppenheimer upped their price target on shares of Ichor from $60.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

View Our Latest Analysis on ICHR

Ichor Trading Up 6.9%

The company has a current ratio of 3.70, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $2.11 billion, a PE ratio of -48.27 and a beta of 1.81. The firm has a 50-day moving average price of $77.11 and a 200-day moving average price of $67.56.

Ichor (NASDAQ:ICHRGet Free Report) last posted its quarterly 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 firm had revenue of $294.78 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 22.7% on a year-over-year basis. During the same period last year, the company earned $0.03 earnings per share. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. As a group, equities analysts forecast that Ichor Holdings, Ltd. will post 1.13 EPS for the current fiscal year.

Insider Buying and Selling at Ichor

In related news, CFO Greg Swyt sold 6,820 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $66.81, for a total transaction of $455,644.20. Following the completion of the sale, the chief financial officer directly owned 53,070 shares in the company, valued at approximately $3,545,606.70. The trade was a 11.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Bruce Ragsdale sold 10,587 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $51.93, for a total transaction of $549,782.91. Following the completion of the sale, the chief operating officer directly owned 92,324 shares of the company’s stock, valued at approximately $4,794,385.32. This trade represents a 10.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 28,654 shares of company stock valued at $1,739,932. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ICHR. Versant Capital Management Inc raised its holdings in Ichor by 100.0% in the second quarter. Versant Capital Management Inc now owns 252 shares of the technology company’s stock worth $28,000 after purchasing an additional 126 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of Ichor by 64.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock worth $28,000 after buying an additional 590 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Ichor by 5.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,447 shares of the technology company’s stock valued at $244,000 after buying an additional 666 shares in the last quarter. AdvisorNet Financial Inc purchased a new stake in shares of Ichor during the first quarter worth $37,000. Finally, AQR Capital Management LLC increased its holdings in shares of Ichor by 0.6% in the fourth 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 own 94.81% of the company’s stock.

About Ichor

(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

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