Iain Mackenzie Sells 20,000 Shares of Ichor (NASDAQ:ICHR) Stock

Key Points

• Director Iain MacKenzie sold 20,000 Ichor shares at an average price of $50.66, generating $1.01 million; the transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his direct ownership by 16.34%.
• Ichor shares rose 0.6% to $51.42, while the company reported quarterly EPS of $0.34, exceeding estimates, and revenue of $294.78 million, up 22.7% year over year but below forecasts.
• Analysts maintain a generally positive outlook, with an average “Moderate Buy” rating and an $87 price target, despite several firms recently lowering their targets.

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) Director Iain MacKenzie sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $50.66, for a total transaction of $1,013,200.00. Following the completion of the sale, the director directly owned 102,427 shares of the company's stock, valued at $5,188,951.82. This represents a 16.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Iain Mackenzie also recently made the following trade(s):

• On Tuesday, August 18th, Iain MacKenzie sold 9,933 shares of Ichor stock. The shares were sold at an average price of $65.76, for a total transaction of $653,194.08.

Ichor Stock Up 0.6%

NASDAQ:ICHR traded up $0.33 during trading hours on Wednesday, reaching $51.42. The company's stock had a trading volume of 581,395 shares, compared to its average volume of 996,228. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.70 and a quick ratio of 2.07. The company has a market cap of $1.93 billion, a price-to-earnings ratio of -43.95 and a beta of 1.81. Ichor Holdings, Ltd. has a one year low of $14.06 and a one year high of $113.58. The business's 50-day moving average is $69.98 and its 200-day moving average is $67.89.

Ichor (NASDAQ:ICHR - Get Free Report) last posted its 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. The company had revenue of $294.78 million for 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 was up 22.7% compared to the same quarter last year. 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. Equities research analysts predict that Ichor Holdings, Ltd. will post 1.13 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Ichor in a research note on Wednesday, June 24th. DA Davidson set a $85.00 target price on shares of Ichor in a report on Wednesday, August 5th. TD Cowen decreased their price target on shares of Ichor from $115.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. B. Riley Financial lowered their price target on Ichor from $125.00 to $105.00 and set a "buy" rating on the stock in a research report on Tuesday, August 4th. Finally, Zacks Research upgraded Ichor from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $87.00.

Institutional Trading of Ichor

Several hedge funds and other institutional investors have recently bought and sold shares of ICHR. Tidal Investments LLC raised its stake in shares of Ichor by 30.1% in the second quarter. Tidal Investments LLC now owns 12,866 shares of the technology company's stock valued at $1,445,000 after purchasing an additional 2,978 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC acquired a new position in shares of Ichor in the 2nd quarter valued at $288,000. Integrated Wealth Concepts LLC bought a new position in shares of Ichor during the 2nd quarter worth about $45,000. NewEdge Advisors LLC boosted its position in shares of Ichor by 1,712.4% during the 2nd quarter. NewEdge Advisors LLC now owns 1,613 shares of the technology company's stock valued at $181,000 after acquiring an additional 1,524 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in Ichor in the second quarter worth about $894,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Ichor Company Profile

Ichor Holdings, Ltd. NASDAQ: ICHR designs, manufactures and services critical fluid-delivery systems and components used in semiconductor manufacturing equipment. Its products help control and deliver gases and chemicals used in processes such as wafer fabrication, including deposition, etching and cleaning.

The company's offerings include gas and chemical delivery modules, fluid-management systems, precision-machined components, weldments and related assemblies. Ichor also provides capabilities such as precision machining, welding, electropolishing, cleaning and component testing, allowing it to supply integrated subsystems to semiconductor capital-equipment manufacturers.

Founded in 1999 and headquartered in Fremont, California, Ichor serves a global customer base through engineering and manufacturing operations in North America, Europe and Asia.

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