Ichor (NASDAQ:ICHR) Shares Gap Down - Time to Sell?

Key Points

• Ichor shares opened sharply lower, falling from a prior close of $57.35 to $52.10 and last trading near $53.20. The stock remains well below its 50-day and 200-day moving averages.
• Analyst sentiment remains broadly positive despite the decline: Ichor has a “Moderate Buy” consensus rating and an average price target of $87, although TD Cowen and B. Riley recently lowered their targets.
• The company exceeded quarterly EPS expectations and posted 22.7% year-over-year revenue growth, but reported a negative net margin. Insiders sold shares under pre-arranged trading plans, while institutional investors own approximately 94.81% of the stock.

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $57.35, but opened at $52.10. Ichor shares last traded at $53.20, with a volume of 118,289 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ICHR shares. TD Cowen cut their target price on shares of Ichor from $115.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday, August 4th. B. Riley Financial reduced their price target on Ichor from $125.00 to $105.00 and set a "buy" rating on the stock in a report on Tuesday, August 4th. Zacks Research raised shares of Ichor from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 19th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Ichor in a research report on Wednesday, June 24th. Finally, Stifel Nicolaus upped their price target on Ichor from $76.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. One investment 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $87.00.

Ichor Stock Performance

The company has a quick ratio of 2.07, a current ratio of 3.70 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of -45.00 and a beta of 1.81. The stock has a 50-day moving average price of $71.55 and a 200 day moving average price of $67.92.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The technology company reported $0.34 EPS for the quarter, beating 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 the consensus estimate of $300.17 million. During the same period in the prior year, the firm posted $0.03 EPS. The company's quarterly 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. On average, analysts forecast that Ichor Holdings, Ltd. will post 1.13 EPS for the current year.

Insider Activity at Ichor

In other Ichor news, 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 sale, the chief operating officer owned 92,324 shares of the company's stock, valued at approximately $4,794,385.32. This trade represents a 10.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Greg Swyt sold 2,068 shares of the stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $58.02, for a total transaction of $119,985.36. Following the completion of the transaction, the chief financial officer directly owned 47,832 shares in the company, valued at $2,775,212.64. This trade represents a 4.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 23,902 shares of company stock worth $1,404,273 in the last ninety days. Company insiders own 1.70% of the company's stock.

Institutional Trading of Ichor

Hedge funds and other institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc boosted its position in shares of Ichor by 100.0% in the 2nd quarter. Versant Capital Management Inc now owns 252 shares of the technology company's stock valued at $28,000 after purchasing an additional 126 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Ichor in the second quarter valued at approximately $45,000. Allworth Financial LP lifted its stake in Ichor by 125.1% in the second quarter. Allworth Financial LP now owns 421 shares of the technology company's stock valued at $47,000 after buying an additional 234 shares during the last quarter. AdvisorNet Financial Inc acquired a new stake in shares of Ichor in the first quarter valued at approximately $37,000. Finally, KBC Group NV acquired a new stake in shares of Ichor in the first quarter valued at approximately $44,000. Institutional investors and hedge funds own 94.81% of the company's stock.

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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