Ichor (NASDAQ:ICHR) Stock Price Down 10.1% – Here’s What Happened

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) fell 10.1% during trading on Monday . The company traded as low as $79.12 and last traded at $77.7850. 184,239 shares were traded during trading, a decline of 82% from the average session volume of 1,037,229 shares. The stock had previously closed at $86.55.

Wall Street Analyst Weigh In

ICHR has been the topic of several analyst reports. Needham & Company LLC upped their price target on shares of Ichor from $48.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Oppenheimer raised their price objective on shares of Ichor from $36.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a research report on Wednesday, June 24th. TD Cowen upped their target price on Ichor from $80.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Finally, Stifel Nicolaus increased their price target on Ichor from $76.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $82.29.

Ichor Trading Down 13.9%

The stock’s fifty day moving average price is $84.93 and its 200 day moving average price is $60.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.82 and a quick ratio of 1.21. The stock has a market capitalization of $2.60 billion, a P/E ratio of -50.96 and a beta of 1.78.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings results on Monday, May 4th. The technology company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. Ichor had a negative net margin of 5.28% and a negative return on equity of 1.10%. The company had revenue of $256.07 million for the quarter, compared to the consensus estimate of $251.32 million. During the same quarter last year, the firm posted $0.12 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. Ichor has set its Q2 2026 guidance at 0.250-0.350 EPS. Research analysts forecast that Ichor Holdings, Ltd. will post 0.97 earnings per share for the current year.

Insider Activity

In related news, Director Marc Haugen sold 5,337 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $75.63, for a total value of $403,637.31. Following the completion of the sale, the director owned 10,825 shares in the company, valued at approximately $818,694.75. The trade was a 33.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Laura A. Black sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $75.02, for a total value of $1,500,400.00. Following the completion of the transaction, the director directly owned 20,462 shares in the company, valued at approximately $1,535,059.24. This trade represents a 49.43% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 79,447 shares of company stock valued at $5,678,621. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Ichor

Several institutional investors have recently made changes to their positions in ICHR. Versant Capital Management Inc raised its holdings in shares of Ichor by 100.0% in the second quarter. Versant Capital Management Inc now owns 252 shares of the technology company’s stock valued at $28,000 after acquiring an additional 126 shares in the last quarter. AdvisorNet Financial Inc purchased a new stake in Ichor in the first quarter worth about $37,000. KBC Group NV bought a new position in Ichor during the 1st quarter worth about $44,000. Newbridge Financial Services Group Inc. bought a new position in Ichor during the 2nd quarter worth about $27,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in Ichor during the 4th quarter valued at about $26,000. Hedge funds and other institutional investors 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.