Ichor (NASDAQ:ICHR) Director Sells 9,933 Shares of Stock

Key Points

• Director Iain Mackenzie sold 9,933 Ichor shares for approximately $653,194 under a pre-arranged Rule 10b5-1 trading plan, reducing his direct ownership by 7.5% to 122,427 shares.
• Ichor shares fell 3.8% to $58.87 during mid-day trading. The stock has a $2.20 billion market capitalization and has traded between $14.06 and $113.58 over the past year.
• Ichor beat quarterly EPS estimates, reporting $0.34 versus the $0.31 consensus, while revenue rose 22.7% year over year but came in below expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $87.00.

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) Director Iain Mackenzie sold 9,933 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $65.76, for a total value of $653,194.08. Following the sale, the director directly owned 122,427 shares of the company's stock, valued at approximately $8,050,799.52. The trade was a 7.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ichor Stock Down 3.8%

ICHR stock traded down $2.34 during mid-day trading on Thursday, hitting $58.87. 740,206 shares of the company were exchanged, compared to its average volume of 1,039,538. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 3.70. Ichor Holdings, Ltd. has a 1-year low of $14.06 and a 1-year high of $113.58. The firm's 50 day simple moving average is $84.98 and its 200 day simple moving average is $66.03. The firm has a market cap of $2.20 billion, a P/E ratio of -50.32 and a beta of 1.82.

Ichor (NASDAQ:ICHR - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The technology company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. Ichor had a negative net margin of 3.97% and a positive return on equity of 0.47%. The company had revenue of $294.78 million during the quarter, compared to analysts' expectations of $300.17 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. The business's quarterly revenue was up 22.7% compared to the same quarter last year. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. On average, sell-side analysts predict that Ichor Holdings, Ltd. will post 1.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Ichor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc boosted its stake in shares of Ichor by 100.0% during the 2nd quarter. Versant Capital Management Inc now owns 252 shares of the technology company's stock worth $28,000 after buying an additional 126 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in Ichor by 64.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company's stock worth $28,000 after acquiring an additional 590 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Ichor by 5.7% during the second 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 in the last quarter. AdvisorNet Financial Inc bought a new stake in Ichor during the first quarter worth about $37,000. Finally, AQR Capital Management LLC boosted its position in Ichor by 0.6% during 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. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Needham & Company LLC lifted their price target on Ichor from $72.00 to $88.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Stifel Nicolaus upped their price objective on Ichor from $76.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. TD Cowen dropped their target price on Ichor from $115.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, August 4th. DA Davidson set a $85.00 target price on Ichor in a research note on Wednesday, August 5th. Finally, Zacks Research downgraded Ichor from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 21st. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $87.00.

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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