Ichor (NASDAQ:ICHR) Shares Gap Up – Here’s Why

Ichor Holdings, Ltd. (NASDAQ:ICHR) shares gapped up prior to trading on Monday . The stock had previously closed at $62.91, but opened at $67.06. Ichor shares last traded at $66.2710, with a volume of 92,318 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ICHR shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ichor in a report on Friday, March 27th. TD Cowen lifted their price target on shares of Ichor from $55.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Stifel Nicolaus set a $76.00 price target on shares of Ichor in a report on Friday, May 1st. Needham & Company LLC lifted 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. Finally, Oppenheimer lifted their price target on shares of Ichor from $36.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $64.57.

Ichor Price Performance

The company’s 50-day moving average price is $64.05 and its two-hundred day moving average price is $42.56. The company has a market cap of $2.35 billion, a P/E ratio of -45.70 and a beta of 1.87. The company has a current ratio of 2.82, a quick ratio of 1.21 and a debt-to-equity ratio of 0.17.

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

Insider Buying and Selling

In other news, CFO Greg Swyt sold 19,662 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $70.42, for a total value of $1,384,598.04. Following the completion of the sale, the chief financial officer owned 60,971 shares of the company’s stock, valued at approximately $4,293,577.82. The trade was a 24.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jorge Titinger sold 4,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $64.21, for a total transaction of $256,840.00. Following the completion of the sale, the director directly owned 12,318 shares of the company’s stock, valued at $790,938.78. The trade was a 24.51% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 72,627 shares of company stock worth $5,222,977. 1.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC boosted its holdings in shares of Ichor by 295.5% in the 4th quarter. SG Americas Securities LLC now owns 26,073 shares of the technology company’s stock valued at $481,000 after buying an additional 19,481 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Ichor in the 4th quarter valued at about $607,000. Quantbot Technologies LP boosted its holdings in shares of Ichor by 229.7% in the 3rd quarter. Quantbot Technologies LP now owns 107,999 shares of the technology company’s stock valued at $1,892,000 after buying an additional 75,240 shares during the period. Cambiar Investors LLC acquired a new position in shares of Ichor in the 4th quarter valued at about $1,595,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Ichor by 1,272.0% in the 4th quarter. Farther Finance Advisors LLC now owns 20,868 shares of the technology company’s stock valued at $385,000 after buying an additional 19,347 shares during the period. 94.81% of the stock is owned by institutional investors and hedge funds.

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.