Ichor (NASDAQ:ICHR) Stock Price Down 5.9% - Here's What Happened

Key Points

• Ichor shares fell 5.9% to about $56.38, with trading volume down 94% from the average session. The stock remains below its 50-day and 200-day moving averages.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $85.89, though some analysts recently lowered targets or downgraded the stock to “Hold.”
• Ichor beat quarterly EPS estimates, reporting $0.34 versus $0.31 expected, while revenue rose 22.7% year over year but missed consensus. Insiders sold 46,740 shares worth approximately $2.6 million over the past 90 days.

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report)'s share price traded down 5.9% during trading on Monday. The stock traded as low as $56.94 and last traded at $56.3790. 59,538 shares traded hands during trading, a decline of 94% from the average session volume of 966,775 shares. The stock had previously closed at $59.91.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ICHR shares. Stifel Nicolaus upped their target price on shares of Ichor from $76.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, July 10th. TD Cowen cut their price target on shares of Ichor from $115.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. Wall Street Zen lowered shares of Ichor from a "buy" rating to a "hold" rating in a research report on Tuesday, September 29th. Needham & Company LLC boosted their price target on shares of Ichor from $72.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, August 4th. Finally, Oppenheimer upped their price objective on shares of Ichor from $60.00 to $80.00 and gave the stock a "market perform" rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $85.89.

Ichor Price Performance

The stock has a fifty day moving average of $60.23 and a 200-day moving average of $69.59. 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 $2.08 billion, a P/E ratio of -47.38 and a beta of 1.79.

Ichor (NASDAQ:ICHR - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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 negative net margin of 3.97% and a positive return on equity of 0.47%. The firm's quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. Equities analysts predict that Ichor Holdings, Ltd. will post 1.13 EPS for the current fiscal year.

Insider Activity at Ichor

In related news, CFO Greg Swyt sold 2,068 shares of the firm's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $58.02, for a total value of $119,985.36. Following the completion of the sale, the chief financial officer owned 47,832 shares of the company's stock, valued at $2,775,212.64. This trade represents a 4.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Iain MacKenzie sold 20,000 shares of the company's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $50.66, for a total value of $1,013,200.00. Following the transaction, 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 46,740 shares of company stock valued at $2,602,960 over the last ninety days. Company insiders own 1.70% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc boosted its holdings in Ichor by 100.0% during the second quarter. Versant Capital Management Inc now owns 252 shares of the technology company's stock worth $28,000 after buying an additional 126 shares during the last quarter. Allworth Financial LP grew its position in shares of Ichor by 125.1% during the 2nd quarter. Allworth Financial LP now owns 421 shares of the technology company's stock worth $47,000 after buying an additional 234 shares during the period. GAMMA Investing LLC increased its stake in shares of Ichor by 11.5% in the 3rd quarter. GAMMA Investing LLC now owns 2,565 shares of the technology company's stock valued at $159,000 after acquiring an additional 264 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Ichor in the 2nd quarter valued at about $45,000. Finally, AdvisorNet Financial Inc bought a new stake in shares of Ichor in the 1st quarter valued at about $37,000. 94.81% of the stock is currently owned by institutional investors.

About Ichor

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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