Ichor (NASDAQ:ICHR) Shares Gap Down - Here's What Happened

Key Points

• Ichor shares fell sharply, opening at $40.11 versus a prior close of $43.34 and last trading around $38.68, down 12.7%. The stock’s market capitalization was approximately $1.42 billion.
• Analyst sentiment remains generally positive despite mixed actions: Ichor has a consensus “Moderate Buy” rating and an average price target of $85.89, although Zacks Research downgraded the stock to “Hold.”
• The company exceeded quarterly EPS estimates, reporting $0.34 versus the expected $0.31, while revenue rose 22.7% year over year to $294.78 million but fell short of forecasts. Insiders sold approximately $2.6 million of shares over the past 90 days.

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) gapped down prior to trading on Thursday. The stock had previously closed at $43.34, but opened at $40.11. Ichor shares last traded at $38.6790, with a volume of 198,864 shares trading hands.

Analyst Upgrades and Downgrades

ICHR has been the topic of several recent analyst reports. Zacks Research downgraded Ichor from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. DA Davidson upgraded Ichor to a "strong-buy" rating in a research note on Monday, October 5th. Stifel Nicolaus upped their price target on Ichor from $76.00 to $115.00 and gave the company a "buy" rating in a report on Friday, July 10th. Freedom Broker began coverage on Ichor in a report on Friday, October 9th. They set a "buy" rating and a $82.00 price target on the stock. Finally, Oppenheimer increased their price objective on Ichor from $60.00 to $80.00 and gave the company a "market perform" rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Ichor presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.89.

Ichor Stock Down 12.7%

The company has a market capitalization of $1.42 billion, a PE ratio of -32.42 and a beta of 1.79. 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 50-day moving average of $56.63 and a two-hundred day moving average of $69.55.

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

Insider Buying and Selling at Ichor

In other news, Director Iain MacKenzie sold 20,000 shares of the company's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $50.66, for a total transaction of $1,013,200.00. Following the sale, the director directly owned 102,427 shares in the company, valued at approximately $5,188,951.82. This represents a 16.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Greg Swyt sold 689 shares of the firm's stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $65.01, for a total value of $44,791.89. Following the completion of the sale, the chief financial officer directly owned 47,143 shares of the company's stock, valued at $3,064,766.43. The trade was a 1.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 46,740 shares of company stock worth $2,602,960 in the last ninety days. Company insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On Ichor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew its holdings in Ichor by 100.0% during the 2nd quarter. Versant Capital Management Inc now owns 252 shares of the technology company's stock worth $28,000 after acquiring an additional 126 shares in the last quarter. AdvisorNet Financial Inc purchased a new position in Ichor during the 1st quarter valued at about $37,000. KBC Group NV bought a new stake in shares of Ichor in the 1st quarter valued at about $44,000. Integrated Wealth Concepts LLC bought a new stake in shares of Ichor in the 2nd quarter valued at about $45,000. Finally, Allworth Financial LP raised its holdings in shares of Ichor by 125.1% in the 2nd quarter. Allworth Financial LP now owns 421 shares of the technology company's stock valued at $47,000 after purchasing an additional 234 shares in the last quarter. Institutional investors own 94.81% of the company's stock.

About Ichor

Ichor Holdings, Ltd. NASDAQ: ICHR is a supplier to the semiconductor equipment industry. The company designs, engineers and manufactures critical fluid-delivery subsystems used in semiconductor fabrication equipment, including systems that deliver and control gases and chemicals during the wafer-manufacturing process.

Ichor's products and services include gas and chemical delivery systems, precision-machined components, weldments, fluid-management assemblies and related engineering and manufacturing services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.