Ichor (NASDAQ:ICHR) Stock: Insider Bruce Ragsdale Sells 2,149 Shares

Key Points

• Insider sale: COO Bruce Ragsdale sold 2,149 Ichor shares for approximately $140,695 under a pre-arranged Rule 10b5-1 plan to cover tax withholding related to vested equity awards. He retained 88,595 shares.
• Operating results: Ichor reported quarterly EPS of $0.34, beating estimates of $0.31, while revenue reached $294.78 million, up 22.7% year over year but below expectations.
• Market outlook: Shares traded at $63.33, while analysts maintained a “Moderate Buy” consensus with an average price target of $87.00. Institutional investors own approximately 94.81% of the company.

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) COO Bruce Ragsdale sold 2,149 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $65.47, for a total transaction of $140,695.03. Following the transaction, the chief operating officer directly owned 88,595 shares of the company's stock, valued at $5,800,314.65. The trade was a 2.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Bruce Ragsdale also recently made the following trade(s):

• On Tuesday, September 1st, Bruce Ragsdale sold 10,587 shares of Ichor stock. The shares were sold at an average price of $51.93, for a total transaction of $549,782.91.

Ichor Stock Up 0.7%

ICHR traded up $0.41 during trading hours on Monday, hitting $63.33. 740,747 shares of the company's stock were exchanged, compared to its average volume of 980,644. The company has a current ratio of 3.70, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. Ichor Holdings, Ltd. has a 12-month low of $14.06 and a 12-month high of $113.58. The firm has a market cap of $2.37 billion, a P/E ratio of -54.13 and a beta of 1.79. The firm has a 50 day moving average of $61.30 and a 200 day moving average of $69.14.

Ichor (NASDAQ:ICHR - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The technology company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. The business had revenue of $294.78 million during the quarter, compared to the consensus estimate of $300.17 million. Ichor had a negative net margin of 3.97% and a positive return on equity of 0.47%. The company's quarterly revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 earnings per share. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. Analysts predict that Ichor Holdings, Ltd. will post 1.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. B. Riley Financial decreased their price objective on Ichor from $125.00 to $105.00 and set a "buy" rating for the company in a research note on Tuesday, August 4th. DA Davidson set a $85.00 target price on shares of Ichor in a report on Wednesday, August 5th. Wall Street Zen cut shares of Ichor from a "buy" rating to a "hold" rating in a report on Tuesday, September 29th. Oppenheimer increased their price objective on shares of Ichor from $60.00 to $80.00 and gave the company a "market perform" rating in a research report on Tuesday, August 4th. Finally, Needham & Company LLC raised their price objective on shares of Ichor from $72.00 to $88.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $87.00.

Institutional Investors Weigh In On Ichor

Several institutional investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. purchased a new position in shares of Ichor in the 2nd quarter valued at about $5,165,000. Kennedy Capital Management LLC grew its position in Ichor by 20.9% during the fourth quarter. Kennedy Capital Management LLC now owns 892,524 shares of the technology company's stock worth $16,449,000 after buying an additional 154,404 shares during the period. Wellington Management Group LLP grew its position in Ichor by 54.3% during the second quarter. Wellington Management Group LLP now owns 1,108,844 shares of the technology company's stock worth $124,501,000 after buying an additional 390,017 shares during the period. Hsbc Holdings PLC purchased a new position in Ichor in the fourth quarter valued at about $1,101,000. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of Ichor during the 1st quarter valued at approximately $892,000. Hedge funds and other institutional investors own 94.81% of the company's stock.

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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