Key Points
- Director Marc Haugen sold 9,923 Ichor shares on May 8 at an average price of $72.11, for proceeds of about $715,548. After the sale, he still owned 16,162 shares, cutting his stake by 38.04%.
- Ichor recently reported quarterly earnings of $0.15 per share, beating estimates, while revenue came in at $256.07 million and rose 4.7% year over year. The company also raised Q2 guidance to $0.25-$0.35 EPS.
- Analysts have turned more bullish on the stock, with multiple firms lifting price targets and the consensus rating now at Moderate Buy. Shares were trading near their 52-week high, reflecting a sharp rally in the stock.
Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) Director Marc Haugen sold 9,923 shares of the company's stock in a transaction on Friday, May 8th. The shares were sold at an average price of $72.11, for a total value of $715,547.53. Following the completion of the sale, the director owned 16,162 shares in the company, valued at $1,165,441.82. This represents a 38.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Marc Haugen also recently made the following trade(s):
- On Monday, February 23rd, Marc Haugen sold 19,875 shares of Ichor stock. The shares were sold at an average price of $49.71, for a total value of $987,986.25.
Ichor Stock Up 4.5%
Shares of NASDAQ:ICHR opened at $74.42 on Friday. The company has a quick ratio of 1.38, a current ratio of 2.82 and a debt-to-equity ratio of 0.17. Ichor Holdings, Ltd. has a 52-week low of $13.12 and a 52-week high of $75.35. The stock's fifty day simple moving average is $53.74 and its 200-day simple moving average is $34.92. The company has a market capitalization of $2.59 billion, a P/E ratio of -50.28 and a beta of 1.87.
Ichor (NASDAQ:ICHR - Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. Ichor had a negative return on equity of 1.10% and a negative net margin of 5.28%.The business had revenue of $256.07 million for the quarter, compared to the consensus estimate of $251.32 million. During the same period in the prior year, the business earned $0.12 earnings per share. The business's revenue was up 4.7% on a year-over-year basis. Ichor has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, equities research analysts forecast that Ichor Holdings, Ltd. will post 0.73 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on ICHR shares. Oppenheimer upped their price objective on Ichor from $36.00 to $60.00 and gave the company a "market perform" rating in a research report on Tuesday. Needham & Company LLC upped their price objective on Ichor from $48.00 to $72.00 and gave the company a "buy" rating in a research report on Tuesday. Stifel Nicolaus set a $76.00 price objective on Ichor in a research report on Friday, May 1st. Craig Hallum restated a "buy" rating and issued a $36.00 price objective on shares of Ichor in a research report on Wednesday, January 14th. Finally, TD Cowen upped their target price on Ichor from $55.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.57.
Check Out Our Latest Stock Report on Ichor
Hedge Funds Weigh In On Ichor
Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its stake in Ichor by 295.5% during the fourth quarter. SG Americas Securities LLC now owns 26,073 shares of the technology company's stock worth $481,000 after acquiring an additional 19,481 shares during the last quarter. Quantbot Technologies LP increased its stake in Ichor by 229.7% during the third quarter. Quantbot Technologies LP now owns 107,999 shares of the technology company's stock worth $1,892,000 after acquiring an additional 75,240 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Ichor during the fourth quarter worth about $607,000. Cambiar Investors LLC acquired a new stake in Ichor during the fourth quarter worth about $1,595,000. Finally, Farther Finance Advisors LLC increased its stake in Ichor by 1,272.0% during the fourth quarter. Farther Finance Advisors LLC now owns 20,868 shares of the technology company's stock worth $385,000 after acquiring an additional 19,347 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.
Ichor Company Profile
(
Get Free Report)
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.
Further Reading
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