ICHOR HOLDINGS, LTD.
ICHR · Semiconductors & Related Devices · 34.8M shares · +6%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: -$16M (gross $2M, SBC $17M)
Reference price $66.81 · est. market cap ~$2.3B — last insider sale, 2026-06-08 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D50Semiconductor-capital-equipment subsystems maker near breakeven with very thin gross margin.
Strengths
- Improving results, adequate liquidity — net income growth +154% (92nd), current ratio 3.2 (55th)
Risks
- Very thin gross margin — 9% (8th)
- Near-breakeven/net loss — operating margin -4%, net margin -6%
- Semicap-cycle and customer concentration — per 10-K
Notable findings
- Net lossNet loss (net margin -5.6%)
- Cash burnNegative free cash flow (-6.3M)
- Insider sellingInsider selling — 14 open-market sale(s) by 7 insider(s) (cluster of 7 insiders, ~$11M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
9.3%
Operating margin
-4.1%
Net margin
-5.6%
Return on equity
-8.0%
Return on assets
-5.6%
ROIC
-4.0%
Revenue growth (QoQ)
14.5%
Debt / equity
0.2×
Current ratio
3.2×
Free cash flow
-$6M
EBITDA
-$6M
Tangible book value
$288M
Cash & investments
$98M
Cash runway
63q
Stock comp / revenue
1.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-08 | Swyt Greg | Sell | 6.8K | $66.81 |
| 2026-06-04 | BARROS PHILIP RYAN SR. | Option exercise | 1.4K | $21.76 |
| 2026-06-04 | BARROS PHILIP RYAN SR. | Sell | 14K | $70.19 |
| 2026-06-02 | Black Laura A. | Sell | 20K | $75.02 |
| 2026-06-01 | Swyt Greg | Tax withheld | 1.1K | $70.01 |
| 2026-05-28 | Swyt Greg | Sell | 20K | $70.42 |
| 2026-05-24 | BARROS PHILIP RYAN SR. | Tax withheld | 1.1K | $68.96 |
| 2026-05-19 | Titinger Jorge | Sell | 4.0K | $64.21 |
| 2026-05-18 | Swyt Greg | Tax withheld | 503 | — |
| 2026-05-18 | BARROS PHILIP RYAN SR. | Tax withheld | 881 | — |
| 2026-05-18 | RAGSDALE BRUCE | Tax withheld | 623 | — |
| 2026-05-15 | BARROS PHILIP RYAN SR. | Tax withheld | 610 | $73.27 |
| 2026-05-15 | Swyt Greg | Tax withheld | 732 | $73.27 |
| 2026-05-15 | RAGSDALE BRUCE | Tax withheld | 539 | $73.27 |
| 2026-05-14 | MacKenzie Iain | Grant | 2.3K | — |
| 2026-05-14 | RAGSDALE BRUCE | Grant | 12K | — |
| 2026-05-14 | Swyt Greg | Grant | 7.7K | — |
| 2026-05-14 | Arienzo Wendy | Grant | 2.3K | — |
| 2026-05-14 | BARROS PHILIP RYAN SR. | Grant | 29K | — |
| 2026-05-14 | Titinger Jorge | Grant | 2.3K | — |
| 2026-05-14 | Black Laura A. | Grant | 2.3K | — |
| 2026-05-14 | WASSERMAN YUVAL | Grant | 2.3K | — |
| 2026-05-14 | KISPERT JOHN H | Grant | 2.3K | — |
| 2026-05-14 | RAGSDALE BRUCE | Tax withheld | 2.0K | $74.51 |
| 2026-05-14 | Swyt Greg | Tax withheld | 3.4K | $74.51 |
| 2026-05-14 | BARROS PHILIP RYAN SR. | Tax withheld | 2.8K | $74.51 |
| 2026-05-13 | Haugen Marc | Sell | 5.3K | $75.63 |
| 2026-05-08 | Haugen Marc | Sell | 6.0K | $71.96 |
| 2026-05-08 | Haugen Marc | Sell | 3.9K | $72.35 |
| 2026-04-01 | RAGSDALE BRUCE | Tax withheld | 909 | $47.81 |
| 2026-03-01 | Swyt Greg | Tax withheld | 1.1K | $47.55 |
| 2026-02-26 | BARROS PHILIP RYAN SR. | Sell | 21K | $46.63 |
| 2026-02-24 | Swyt Greg | Sell | 3.0K | $51.20 |
| 2026-02-24 | BARROS PHILIP RYAN SR. | Tax withheld | 695 | $53.58 |
| 2026-02-23 | RAGSDALE BRUCE | Sell | 21K | $49.66 |
| 2026-02-23 | Haugen Marc | Sell | 20K | $49.71 |
| 2026-02-23 | Titinger Jorge | Sell | 1.2K | $50.11 |
| 2026-02-18 | BARROS PHILIP RYAN SR. | Tax withheld | 568 | $47.84 |
| 2026-02-18 | RAGSDALE BRUCE | Tax withheld | 386 | $47.84 |
| 2026-02-18 | Swyt Greg | Tax withheld | 503 | $47.84 |
| 2026-02-15 | Swyt Greg | Tax withheld | 732 | $46.77 |
| 2026-02-15 | BARROS PHILIP RYAN SR. | Tax withheld | 393 | $46.77 |
| 2026-02-15 | RAGSDALE BRUCE | Tax withheld | 333 | $46.77 |
| 2026-02-12 | RAGSDALE BRUCE | Grant | 3.8K | — |
| 2026-02-12 | BARROS PHILIP RYAN SR. | Grant | 3.2K | — |
| 2026-02-12 | ROHRS THOMAS M | Option exercise | 54K | $22.56 |
| 2026-02-12 | ROHRS THOMAS M | Sell | 54K | $45.48 |
| 2026-01-14 | Swyt Greg | Tax withheld | 433 | $27.92 |
| 2026-01-01 | RAGSDALE BRUCE | Tax withheld | 1.1K | $18.43 |
| 2025-12-01 | BARROS PHILIP RYAN SR. | Grant | 106K | — |
| 2025-12-01 | BARROS PHILIP RYAN SR. | Grant | 106K | — |
| 2025-11-17 | MacKenzie Iain | Buy | 10K | $14.53 |
| 2025-11-06 | MacKenzie Iain | Buy | 10K | $15.28 |
| 2025-09-15 | MacKenzie Iain | Grant | 50K | — |
| 2025-08-08 | Haugen Marc | Buy | 3.0K | $17.64 |
| 2025-08-07 | Haugen Marc | Buy | 3.0K | $17.75 |
| 2025-08-07 | MacKenzie Iain | Buy | 25K | $16.63 |
| 2025-05-14 | MacKenzie Iain | Grant | 5.3K | — |
| 2025-05-14 | Black Laura A. | Grant | 5.3K | — |
| 2025-05-14 | ROHRS THOMAS M | Grant | 5.3K | — |
| 2025-05-14 | Haugen Marc | Grant | 5.3K | — |
| 2025-05-14 | KISPERT JOHN H | Grant | 5.3K | — |
| 2025-05-14 | Arienzo Wendy | Grant | 5.3K | — |
| 2025-05-14 | WASSERMAN YUVAL | Grant | 5.3K | — |
| 2025-05-14 | Titinger Jorge | Grant | 5.3K | — |
| 2025-05-14 | Andreson Jeff | Grant | 62K | — |
| 2025-05-14 | BARROS PHILIP RYAN SR. | Grant | 20K | — |
| 2025-05-14 | Swyt Greg | Grant | 26K | — |
| 2025-05-14 | Smith Christopher | Grant | 20K | — |
| 2025-05-14 | RAGSDALE BRUCE | Grant | 26K | — |
| 2025-05-08 | Andreson Jeff | Buy | 10K | $16.86 |
| 2025-02-18 | ROHRS THOMAS M | Sell | 47K | $32.35 |
| 2025-02-14 | ROHRS THOMAS M | Option exercise | 78K | $24.89 |
| 2025-02-14 | ROHRS THOMAS M | Option exercise | 47K | $24.89 |
| 2025-02-14 | ROHRS THOMAS M | Sell | 78K | $31.98 |
| 2025-02-12 | Smith Christopher | Grant | 3.9K | — |
| 2025-02-12 | Andreson Jeff | Grant | 16K | — |
| 2025-02-12 | BARROS PHILIP RYAN SR. | Grant | 9.1K | — |
| 2025-02-07 | Titinger Jorge | Sell | 3.0K | $32.04 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-18 | Material agreementExhibits | filing ↗ |
| 2026-05-14 | Shareholder vote | filing ↗ |
| 2026-05-04 | ResultsExhibits | filing ↗ |
| 2026-02-09 | ResultsExhibits | filing ↗ |
| 2026-01-13 | ResultsExhibits | filing ↗ |
| 2025-11-03 | ResultsExhibits | filing ↗ |
| 2025-11-03 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-09-30 | Material agreementExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-18 | 2026-05-18 | 0001652535-26-000048 ↗ |
| 8-K | 2026-05-14 | 2026-05-14 | 0001652535-26-000034 ↗ |
| 10-Q | 2026-05-05 | 2026-03-27 | 0001652535-26-000031 ↗ |
| 8-K | 2026-05-04 | 2026-05-04 | 0001652535-26-000028 ↗ |
| 10-K | 2026-02-20 | 2025-12-26 | 0001652535-26-000012 ↗ |
| 8-K | 2026-02-09 | 2026-02-09 | 0001652535-26-000008 ↗ |
| 8-K | 2026-01-13 | 2026-01-13 | 0001652535-26-000004 ↗ |
| 8-K | 2025-11-03 | 2025-10-30 | 0001652535-25-000076 ↗ |
| 10-Q | 2025-11-03 | 2025-09-26 | 0001652535-25-000078 ↗ |
| 8-K | 2025-11-03 | 2025-11-03 | 0001652535-25-000075 ↗ |
| 8-K | 2025-09-30 | 2025-09-26 | 0001652535-25-000064 ↗ |
| 8-K | 2025-08-15 | 2025-08-15 | 0001652535-25-000060 ↗ |