Ichor (NASDAQ:ICHR) Shares Gap Up - Here's Why

Key Points

• Ichor (NASDAQ:ICHR) shares opened at $17.29 after previously closing at $16.48, with the stock trading at $17.51 during the morning session.
• Several analysts have issued mixed ratings on Ichor, with DA Davidson reducing its price target to $35.00, while Stifel Nicolaus set a target of $23.00 after maintaining a "buy" rating.
• Ichor's recent earnings report showed a missed EPS estimate of $0.03 against a consensus of $0.14, although revenues increased by 18.2% year-over-year to $240.29 million.

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $16.48, but opened at $17.29. Ichor shares last traded at $17.51, with a volume of 394,944 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. TD Cowen dropped their price target on Ichor from $28.00 to $22.00 and set a "buy" rating for the company in a research note on Tuesday, August 5th. Oppenheimer set a $21.00 target price on shares of Ichor and gave the company a "market perform" rating in a research note on Tuesday, August 5th. Wall Street Zen downgraded shares of Ichor from a "hold" rating to a "sell" rating in a research note on Sunday. DA Davidson dropped their price target on Ichor from $45.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, August 6th. Finally, Stifel Nicolaus set a $23.00 price objective on Ichor and gave the stock a "buy" rating in a report on Tuesday, August 5th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $23.80.

Ichor Stock Up 2.4%

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.32 and a current ratio of 3.22. The company has a market capitalization of $648.09 million, a PE ratio of -30.95 and a beta of 1.90. The company's 50-day moving average is $18.54 and its 200 day moving average is $19.59.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The technology company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.11). Ichor had a negative net margin of 2.23% and a negative return on equity of 0.77%. The firm had revenue of $240.29 million for the quarter, compared to the consensus estimate of $234.51 million. During the same period last year, the business earned $0.05 EPS. Ichor's revenue was up 18.2% on a year-over-year basis. Ichor has set its Q3 2025 guidance at 0.060-0.18 EPS. As a group, analysts anticipate that Ichor Holdings, Ltd. will post 1.01 EPS for the current year.

Insider Activity at Ichor

In related news, Director Iain Mackenzie bought 25,000 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was acquired at an average cost of $16.63 per share, for a total transaction of $415,750.00. Following the purchase, the director owned 60,011 shares in the company, valued at approximately $997,982.93. This represents a 71.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Marc Haugen bought 3,000 shares of the stock in a transaction on Thursday, August 7th. The stock was purchased at an average cost of $17.75 per share, for a total transaction of $53,250.00. Following the acquisition, the director owned 42,960 shares of the company's stock, valued at $762,540. This trade represents a 7.51% increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company's stock.

Institutional Trading of Ichor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ICHR. Newbridge Financial Services Group Inc. purchased a new position in shares of Ichor during the 2nd quarter worth $27,000. Public Sector Pension Investment Board raised its holdings in Ichor by 8.3% in the 2nd quarter. Public Sector Pension Investment Board now owns 116,278 shares of the technology company's stock worth $2,284,000 after purchasing an additional 8,925 shares during the period. Headlands Technologies LLC lifted its position in Ichor by 162.2% during the second quarter. Headlands Technologies LLC now owns 21,095 shares of the technology company's stock valued at $414,000 after purchasing an additional 13,051 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Ichor by 380.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,624 shares of the technology company's stock worth $71,000 after buying an additional 2,870 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY bought a new position in shares of Ichor in the second quarter worth about $511,000. 94.81% of the stock is owned by hedge funds and other institutional investors.

Ichor Company Profile

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.