Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) CFO Greg Swyt sold 2,068 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $58.02, for a total value of $119,985.36. Following the transaction, the chief financial officer owned 47,832 shares of the company's stock, valued at approximately $2,775,212.64. This trade represents a 4.14% decrease in their ownership of the stock. The sale 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 Price Performance
Shares of NASDAQ:ICHR opened at $58.17 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.70 and a quick ratio of 2.07. Ichor Holdings, Ltd. has a 1-year low of $14.06 and a 1-year high of $113.58. The company has a market capitalization of $2.18 billion, a P/E ratio of -49.72 and a beta of 1.81. The firm's 50 day simple moving average is $74.29 and its two-hundred day simple moving average is $67.77.
Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $294.78 million during the quarter, compared to analysts' expectations of $300.17 million. During the same period in the prior year, the company posted $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. Research analysts expect that Ichor Holdings, Ltd. will post 1.13 EPS for the current fiscal year.
Institutional Trading of Ichor
Institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System increased its holdings in Ichor by 10,835.2% in the 2nd quarter. California State Teachers Retirement System now owns 4,462,232 shares of the technology company's stock valued at $501,019,000 after acquiring an additional 4,421,426 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Ichor by 141.2% during the 4th quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company's stock valued at $55,730,000 after purchasing an additional 1,770,425 shares during the last quarter. Millennium Management LLC grew its position in shares of Ichor by 1,710.7% during the third quarter. Millennium Management LLC now owns 855,011 shares of the technology company's stock valued at $14,980,000 after purchasing an additional 807,792 shares in the last quarter. Royce & Associates LP grew its position in shares of Ichor by 48.5% during the fourth quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company's stock valued at $26,707,000 after purchasing an additional 473,440 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Ichor by 54.3% in the second quarter. Wellington Management Group LLP now owns 1,108,844 shares of the technology company's stock worth $124,501,000 after purchasing an additional 390,017 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. Oppenheimer boosted their price objective on Ichor from $60.00 to $80.00 and gave the company a "market perform" rating in a research report on Tuesday, August 4th. B. Riley Financial cut their target price on Ichor from $125.00 to $105.00 and set a "buy" rating for the company in a research report on Tuesday, August 4th. Zacks Research raised Ichor from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 19th. Stifel Nicolaus boosted 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. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Ichor in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $87.00.
Check Out Our Latest Stock Report on Ichor
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.
Further Reading
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