Key Points
- Ichor COO Bruce Ragsdale sold 10,587 shares for approximately $549,783 under a pre-arranged Rule 10b5-1 trading plan, reducing his holdings by 10.29% to 92,324 shares.
- Ichor reported quarterly EPS of $0.34, beating estimates of $0.31, while revenue rose 22.7% year over year to $294.78 million but fell short of expectations.
- Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $87, despite several firms recently lowering their targets.
Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) COO Bruce Ragsdale sold 10,587 shares of the firm's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $51.93, for a total transaction of $549,782.91. Following the sale, the chief operating officer owned 92,324 shares in the company, valued at approximately $4,794,385.32. This represents a 10.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ichor Stock Performance
Shares of ICHR stock opened at $51.76 on Wednesday. The company has a market capitalization of $1.94 billion, a P/E ratio of -44.24 and a beta of 1.82. The business's 50 day moving average is $78.69 and its two-hundred day moving average is $67.46. The company has a current ratio of 3.70, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. Ichor Holdings, Ltd. has a 12-month low of $14.06 and a 12-month high of $113.58.
Ichor (NASDAQ:ICHR - Get Free Report) last announced its earnings results on Monday, August 3rd. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. Ichor had a negative net margin of 3.97% and a positive return on equity of 0.47%. The business had revenue of $294.78 million for the quarter, compared to analyst estimates of $300.17 million. During the same quarter last year, the business earned $0.03 earnings per share. The company's revenue for the quarter was up 22.7% compared to the same quarter last year. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. Analysts expect that Ichor Holdings, Ltd. will post 1.13 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
ICHR has been the topic of several analyst reports. TD Cowen reduced their price target on Ichor from $115.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, August 4th. Zacks Research upgraded shares of Ichor from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 19th. B. Riley Financial decreased their target price on shares of Ichor from $125.00 to $105.00 and set a "buy" rating on the stock in a report on Tuesday, August 4th. Weiss Ratings reissued a "sell (d-)" rating on shares of Ichor in a research note on Wednesday, June 24th. Finally, Needham & Company LLC lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $87.00.
Read Our Latest Report on Ichor
Institutional Trading of Ichor
Several hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its position in Ichor by 27.7% in the 1st quarter. Royal Bank of Canada now owns 9,891 shares of the technology company's stock valued at $224,000 after buying an additional 2,146 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Ichor by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company's stock worth $444,000 after acquiring an additional 865 shares in the last quarter. Jane Street Group LLC increased its position in shares of Ichor by 286.0% during the first quarter. Jane Street Group LLC now owns 53,277 shares of the technology company's stock worth $1,205,000 after acquiring an additional 39,476 shares during the period. Gamco Investors INC. ET AL increased its position in shares of Ichor by 75.9% during the second quarter. Gamco Investors INC. ET AL now owns 24,100 shares of the technology company's stock worth $473,000 after acquiring an additional 10,400 shares during the period. Finally, Federated Hermes Inc. raised its stake in shares of Ichor by 243.1% in the second quarter. Federated Hermes Inc. now owns 107,629 shares of the technology company's stock valued at $2,114,000 after acquiring an additional 76,257 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company's stock.
About Ichor
(
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
