Zacks Research Upgrades Ichor (NASDAQ:ICHR) to “Strong-Buy”

Ichor (NASDAQ:ICHR) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other research analysts have also issued research reports about the stock. Oppenheimer upped their price target on shares of Ichor from $60.00 to $80.00 and gave the company a “market perform” rating in a research note on Tuesday, August 4th. B. Riley Financial cut their target price on Ichor from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ichor in a research report on Wednesday, June 24th. TD Cowen lowered their price target on Ichor from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Finally, Needham & Company LLC lifted their price target on Ichor from $72.00 to $88.00 and gave the stock 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 issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

Ichor Price Performance

Shares of NASDAQ ICHR opened at $58.87 on Wednesday. Ichor has a fifty-two week low of $14.06 and a fifty-two week high of $113.58. The company has a market cap of $2.20 billion, a PE ratio of -50.32 and a beta of 1.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 3.70. The business has a 50-day simple moving average of $84.48 and a two-hundred day simple moving average of $66.23.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data 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. The firm had revenue of $294.78 million for the quarter, compared to the consensus estimate of $300.17 million. Ichor had a negative net margin of 3.97% and a positive return on equity of 0.47%. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.03 earnings per share. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. As a group, equities analysts expect that Ichor will post 1.13 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Iain Mackenzie sold 9,933 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $65.76, for a total value of $653,194.08. Following the completion of the sale, the director owned 122,427 shares of the company’s stock, valued at approximately $8,050,799.52. The trade was a 7.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Philip Ryan Sr. Barros sold 1,314 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $61.88, for a total value of $81,310.32. Following the sale, the chief executive officer owned 161,562 shares of the company’s stock, valued at approximately $9,997,456.56. This trade represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 71,434 shares of company stock valued at $5,037,101 in the last three months. 1.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC acquired a new position in shares of Ichor during the 4th quarter worth approximately $26,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Ichor in the 2nd quarter worth $27,000. Hantz Financial Services Inc. boosted its position in shares of Ichor by 64.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock valued at $28,000 after acquiring an additional 590 shares during the last quarter. Versant Capital Management Inc increased its position in Ichor by 100.0% during the second quarter. Versant Capital Management Inc now owns 252 shares of the technology company’s stock worth $28,000 after purchasing an additional 126 shares during the last quarter. Finally, Danske Bank A S purchased a new stake in shares of Ichor in the 3rd quarter valued at approximately $28,000. 94.81% of the stock is owned by hedge funds and other 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.