Ichor (NASDAQ:ICHR) COO Bruce Ragsdale Sells 10,587 Shares

Key Points

• Insider sale: Ichor COO Bruce Ragsdale sold 10,587 shares for approximately $549,783 under a pre-arranged Rule 10b5-1 trading plan, reducing his holdings by 10.29% to 92,324 shares.
• Operating results: Ichor’s latest quarterly earnings were $0.34 per share, above the $0.31 analyst consensus, while revenue rose 22.7% year over year to $294.78 million but fell short of estimates.
• Stock and analyst view: Shares closed at $51.76, well below their 50-day and 200-day moving averages. Analysts maintain a “Moderate Buy” consensus with an average price target of $87, although ratings range from Strong Buy to Sell.

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) COO Bruce Ragsdale sold 10,587 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $51.93, for a total transaction of $549,782.91. Following the transaction, the chief operating officer owned 92,324 shares in the company, valued at $4,794,385.32. This represents a 10.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ichor Price Performance

NASDAQ ICHR traded down $1.81 on Tuesday, reaching $51.76. 735,504 shares of the stock traded hands, compared to its average volume of 798,453. Ichor Holdings, Ltd. has a 12 month low of $14.06 and a 12 month high of $113.58. The company has a market cap of $1.94 billion, a price-to-earnings ratio of -44.24 and a beta of 1.81. The firm's fifty day simple moving average is $78.69 and its 200 day simple moving average is $67.46. The company has a quick ratio of 2.07, a current ratio of 3.70 and a debt-to-equity ratio of 0.13.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $294.78 million during 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 company's revenue was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 earnings per share. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. As a group, research analysts predict that Ichor Holdings, Ltd. will post 1.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ICHR shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Ichor in a report on Wednesday, June 24th. Stifel Nicolaus boosted their price objective on Ichor from $76.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Needham & Company LLC raised their target price on shares of Ichor from $72.00 to $88.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. Zacks Research upgraded shares of Ichor from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 19th. Finally, TD Cowen lowered their price objective on shares of Ichor from $115.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $87.00.

Institutional Trading of Ichor

A number of institutional investors have recently bought and sold shares of ICHR. Royal Bank of Canada raised its stake in shares of Ichor by 27.7% during the 1st quarter. Royal Bank of Canada now owns 9,891 shares of the technology company's stock worth $224,000 after purchasing an additional 2,146 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Ichor by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company's stock worth $444,000 after buying an additional 865 shares during the last quarter. Jane Street Group LLC raised its position in Ichor by 286.0% during the first quarter. Jane Street Group LLC now owns 53,277 shares of the technology company's stock valued at $1,205,000 after acquiring an additional 39,476 shares in the last quarter. Gamco Investors INC. ET AL raised its position in Ichor by 75.9% during the second quarter. Gamco Investors INC. ET AL now owns 24,100 shares of the technology company's stock valued at $473,000 after acquiring an additional 10,400 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in Ichor by 243.1% in the second quarter. Federated Hermes Inc. now owns 107,629 shares of the technology company's stock valued at $2,114,000 after acquiring an additional 76,257 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company's stock.

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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