Ichor (NASDAQ:ICHR) CFO Sells $44,791.89 in Stock

Key Points

• Ichor CFO Greg Swyt sold 689 shares for $44,791.89 at an average price of $65.01 under a pre-arranged Rule 10b5-1 plan, reducing his ownership by 1.44% to 47,143 shares.
• Ichor shares rose 0.7% to $63.33, while the company reported quarterly EPS of $0.34, beating estimates, and revenue of $294.78 million, up 22.7% year over year but below expectations.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $87, although several firms recently lowered their targets; institutional investors own 94.81% of the stock.

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) CFO Greg Swyt sold 689 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $65.01, for a total value of $44,791.89. Following the transaction, the chief financial officer owned 47,143 shares in the company, valued at $3,064,766.43. The trade was a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Greg Swyt also recently made the following trade(s):

• On Tuesday, September 8th, Greg Swyt sold 2,068 shares of Ichor stock. The shares were sold at an average price of $58.02, for a total transaction of $119,985.36.

Ichor Stock Up 0.7%

Shares of NASDAQ ICHR traded up $0.41 during trading on Monday, hitting $63.33. 740,747 shares of the company traded hands, compared to its average volume of 980,644. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of -54.13 and a beta of 1.79. The business's fifty day moving average is $61.30 and its 200 day moving average is $69.14. 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 fifty-two week low of $14.06 and a fifty-two week high of $113.58.

Ichor (NASDAQ:ICHR - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The technology company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. The business had revenue of $294.78 million for the quarter, compared to the consensus estimate of $300.17 million. Ichor had a positive return on equity of 0.47% and a negative net margin of 3.97%.The firm's revenue for the quarter was up 22.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.03 EPS. 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 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. B. Riley Financial lowered their target price on shares of Ichor from $125.00 to $105.00 and set a "buy" rating on the stock in a report on Tuesday, August 4th. TD Cowen cut their price target on Ichor from $115.00 to $100.00 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 report on Wednesday, August 5th. Wall Street Zen downgraded Ichor from a "buy" rating to a "hold" rating in a research note on Tuesday, September 29th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Ichor in a report on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $87.00.

Institutional Trading of Ichor

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

Ichor Company Profile

Ichor Holdings, Ltd. NASDAQ: ICHR designs, engineers and manufactures critical fluid-delivery subsystems and components used in semiconductor manufacturing equipment. Its products help deliver, control and distribute gases and chemicals used in wafer fabrication processes.

The company's offerings include gas and chemical delivery systems, precision-machined components, weldments, assemblies and other specialized components for semiconductor capital equipment. Ichor primarily serves original equipment manufacturers and other customers involved in the production of semiconductor devices.

Founded in 1999, Ichor is headquartered in Fremont, California, and operates manufacturing and engineering facilities across several regions, including North America, Europe and Asia.

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