Ichor (NASDAQ:ICHR) Price Target Raised to $25.00 at Stifel Nicolaus

Ichor (NASDAQ:ICHR) had its target price lifted by equities researchers at Stifel Nicolaus from $21.00 to $25.00 in a research report issued to clients and investors on Wednesday, Marketbeat reports. The firm currently has a “hold” rating on the technology company’s stock. Stifel Nicolaus’ target price would suggest a potential downside of 12.84% from the stock’s current price.

ICHR has been the subject of several other reports. Wall Street Zen lowered Ichor from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Oppenheimer raised shares of Ichor from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $21.00 to $25.00 in a research note on Wednesday, November 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ichor in a research note on Monday, December 29th. DA Davidson cut their price objective on shares of Ichor from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, November 4th. Finally, Zacks Research raised Ichor from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Ichor presently has an average rating of “Hold” and an average target price of $24.00.

Ichor Stock Up 9.8%

Shares of NASDAQ ICHR traded up $2.55 during trading hours on Wednesday, hitting $28.68. 423,452 shares of the stock were exchanged, compared to its average volume of 859,200. Ichor has a 12 month low of $13.12 and a 12 month high of $35.56. The company has a market cap of $986.09 million, a PE ratio of -23.68 and a beta of 1.83. The company has a quick ratio of 1.33, a current ratio of 3.08 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average price of $17.88 and a 200-day moving average price of $19.03.

Ichor (NASDAQ:ICHR) last released its quarterly earnings data on Monday, November 3rd. The technology company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.05). The business had revenue of $239.30 million during the quarter, compared to analysts’ expectations of $235.14 million. Ichor had a negative net margin of 4.26% and a negative return on equity of 0.96%. The firm’s revenue was up 13.4% on a year-over-year basis. During the same period last year, the company earned $0.12 earnings per share. Ichor has set its Q4 2025 guidance at -0.140-0.020 EPS. On average, sell-side analysts expect that Ichor will post 1.01 EPS for the current year.

Insider Buying and Selling

In other Ichor news, Director Iain Mackenzie acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were purchased at an average price of $14.53 per share, for a total transaction of $145,300.00. Following the completion of the purchase, the director directly owned 130,011 shares in the company, valued at $1,889,059.83. The trade was a 8.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Ichor

A number of hedge funds and other institutional investors have recently modified their holdings of ICHR. Farther Finance Advisors LLC increased its stake in Ichor by 99,483.3% in the second quarter. Farther Finance Advisors LLC now owns 5,975 shares of the technology company’s stock valued at $117,000 after acquiring an additional 5,969 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Ichor by 47.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 699,511 shares of the technology company’s stock worth $13,738,000 after buying an additional 225,738 shares during the period. Janney Montgomery Scott LLC acquired a new position in Ichor during the 2nd quarter worth approximately $924,000. Bank of New York Mellon Corp increased its position in shares of Ichor by 143.9% during the second quarter. Bank of New York Mellon Corp now owns 515,638 shares of the technology company’s stock worth $10,127,000 after acquiring an additional 304,228 shares in the last quarter. Finally, Rice Hall James & Associates LLC bought a new position in shares of Ichor in the third quarter valued at approximately $3,877,000. Institutional investors own 94.81% of the company’s stock.

Ichor Company Profile

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.