Ichor (NASDAQ:ICHR) Shares Gap Up – Still a Buy?

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $62.25, but opened at $70.69. Ichor shares last traded at $71.8570, with a volume of 132,256 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ICHR. Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a research report on Wednesday, June 24th. B. Riley Financial increased their price objective on shares of Ichor from $90.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, June 18th. TD Cowen raised their target price on shares of Ichor from $80.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Oppenheimer boosted their target price on Ichor from $36.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, May 5th. Finally, Stifel Nicolaus upped their price target on Ichor from $76.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Ichor has a consensus rating of “Moderate Buy” and an average target price of $82.29.

Ichor Stock Performance

The firm’s 50-day moving average price is $85.16 and its two-hundred day moving average price is $61.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.21 and a current ratio of 2.82. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of -48.83 and a beta of 1.78.

Ichor (NASDAQ:ICHR) last released its quarterly earnings data on Monday, May 4th. The technology company reported $0.15 earnings per share (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 firm had revenue of $256.07 million during the quarter, compared to analysts’ expectations of $251.32 million. During the same period last year, the business earned $0.12 earnings per share. Ichor’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. On average, analysts expect that Ichor Holdings, Ltd. will post 0.97 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Laura A. Black sold 20,000 shares of the company’s 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 transaction, the director directly owned 20,462 shares in the company, valued at approximately $1,535,059.24. This represents a 49.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jorge Titinger sold 4,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $64.21, for a total value of $256,840.00. Following the completion of the transaction, the director owned 12,318 shares of the company’s stock, valued at $790,938.78. The trade was a 24.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 79,447 shares of company stock worth $5,678,621. 1.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ichor

Large investors have recently modified their holdings of the business. Steward Partners Investment Advisory LLC purchased a new position in shares of Ichor during the 4th quarter worth $26,000. Newbridge Financial Services Group Inc. purchased a new stake in Ichor in the 2nd quarter valued at about $27,000. Hantz Financial Services Inc. lifted its position in Ichor by 64.8% in the fourth quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock valued at $28,000 after buying an additional 590 shares during the last quarter. Versant Capital Management Inc lifted its position in 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 buying an additional 126 shares during the last quarter. Finally, Danske Bank A S purchased a new position in Ichor during the third quarter worth about $28,000. Institutional investors and hedge funds 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.