Ichor (NASDAQ:ICHR) Trading Down 6.6% - Here's Why

Key Points

• Ichor shares fell 6.6% on Thursday, trading as low as $66.74 after closing at $73.74 the day before, with volume far below average.
• Despite the drop, analysts remain broadly constructive: six rate the stock Buy, two Hold, and one Sell, with a consensus Moderate Buy and a $64.57 target price.
• The company beat Q1 earnings and revenue estimates, reporting $0.15 EPS on $256.07 million in revenue, while also issuing Q2 2026 guidance of $0.25 to $0.35 EPS.

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report)'s share price traded down 6.6% on Thursday . The company traded as low as $66.74 and last traded at $68.8370. 115,404 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 975,241 shares. The stock had previously closed at $73.74.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Needham & Company LLC upped 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 reaffirmed a "buy" rating on shares of Ichor in a report on Monday, April 20th. DA Davidson upped their price target on Ichor from $30.00 to $53.00 and gave the stock a "buy" rating in a report on Wednesday, February 11th. Oppenheimer upped their price target on Ichor from $36.00 to $60.00 and gave the stock a "market perform" rating in a report on Tuesday, May 5th. Finally, TD Cowen upped their price target on Ichor from $55.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $64.57.

Ichor Stock Performance

The stock has a market cap of $2.48 billion, a price-to-earnings ratio of -48.20 and a beta of 1.87. The company has a current ratio of 2.82, a quick ratio of 1.21 and a debt-to-equity ratio of 0.17. The firm's 50-day moving average is $61.06 and its two-hundred day moving average is $39.83.

Ichor (NASDAQ:ICHR - Get Free Report) last released its quarterly earnings data on Monday, May 4th. The technology company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.02. The company had revenue of $256.07 million during the quarter, compared to the consensus estimate of $251.32 million. Ichor had a negative net margin of 5.28% and a negative return on equity of 1.10%. Ichor's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 EPS. Ichor has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, sell-side analysts expect that Ichor Holdings, Ltd. will post 0.97 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Marc Haugen sold 5,337 shares of the company's stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $75.63, for a total value of $403,637.31. Following the completion of the sale, the director directly owned 10,825 shares in the company, valued at $818,694.75. This represents a 33.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jorge Titinger sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $64.21, for a total value of $256,840.00. Following the completion of the sale, the director owned 12,318 shares of the company's stock, valued at $790,938.78. This trade represents a 24.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 19,260 shares of company stock valued at $1,376,025 over the last 90 days. Company insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On Ichor

A number of large investors have recently made changes to their positions in the stock. Linden Thomas Advisory Services LLC grew its position in shares of Ichor by 0.8% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 50,702 shares of the technology company's stock valued at $934,000 after purchasing an additional 398 shares in the last quarter. Hantz Financial Services Inc. increased its holdings 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 last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of 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 buying an additional 666 shares during the last quarter. AdvisorNet Financial Inc acquired a new stake in shares of Ichor during the 1st quarter worth approximately $37,000. Finally, AQR Capital Management LLC increased its holdings in shares of Ichor by 0.6% during the 4th quarter. AQR Capital Management LLC now owns 134,194 shares of the technology company's stock worth $2,473,000 after buying an additional 817 shares during the last quarter. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

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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