Ichor (NASDAQ:ICHR) Lowered to “Hold” Rating by Zacks Research

Zacks Research cut shares of Ichor (NASDAQ:ICHR) from a strong-buy rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.

A number of other research analysts also recently issued reports on the company. Needham & Company LLC boosted their price target on Ichor from $48.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Stifel Nicolaus lifted their price objective on Ichor from $76.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ichor in a research note on Wednesday, June 24th. TD Cowen upped their target price on Ichor from $80.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Finally, B. Riley Financial raised their price target on Ichor from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Ichor currently has an average rating of “Moderate Buy” and an average price target of $82.29.

Ichor Stock Performance

Shares of ICHR stock opened at $95.33 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.21 and a current ratio of 2.82. Ichor has a fifty-two week low of $13.12 and a fifty-two week high of $113.58. The stock has a 50 day moving average price of $84.27 and a two-hundred day moving average price of $59.84. The company has a market capitalization of $3.32 billion, a P/E ratio of -64.41 and a beta of 1.78.

Ichor (NASDAQ:ICHR) last issued its earnings results on Monday, May 4th. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.02. Ichor had a negative net margin of 5.28% and a negative return on equity of 1.10%. The firm had revenue of $256.07 million for the quarter, compared to analysts’ expectations of $251.32 million. During the same quarter last 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. Analysts expect that Ichor will post 0.97 earnings per share for the current year.

Insider Activity

In other news, Director Laura A. Black sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $75.02, for a total value of $1,500,400.00. Following the completion of the transaction, the director owned 20,462 shares of the company’s stock, valued at approximately $1,535,059.24. This represents a 49.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Philip Ryan Sr. Barros sold 13,705 shares of Ichor stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $70.19, for a total value of $961,953.95. Following the sale, the chief executive officer owned 165,078 shares in the company, valued at $11,586,824.82. This represents a 7.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 79,447 shares of company stock worth $5,678,621. Company insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ICHR. Vanguard Group Inc. boosted its stake in Ichor by 4.7% during the fourth quarter. Vanguard Group Inc. now owns 3,333,902 shares of the technology company’s stock worth $61,444,000 after acquiring an additional 148,993 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Ichor by 141.2% during the fourth 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. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Ichor by 15.3% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,957,656 shares of the technology company’s stock valued at $36,080,000 after purchasing an additional 259,417 shares during the last quarter. Royce & Associates LP boosted its position in shares of Ichor by 48.5% in the 4th quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock worth $26,707,000 after purchasing an additional 473,440 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Ichor by 0.9% in the 4th quarter. State Street Corp now owns 1,285,419 shares of the technology company’s stock worth $23,690,000 after purchasing an additional 11,645 shares in the last quarter. 94.81% of the stock is currently owned by institutional investors.

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.