Ichor (NASDAQ:ICHR) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of Ichor (NASDAQ:ICHR) from a hold rating to a strong-buy rating in a research report sent to investors on Wednesday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on ICHR. Stifel Nicolaus boosted their price target on Ichor from $76.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Oppenheimer raised their price objective on shares of Ichor from $60.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, August 4th. DA Davidson set a $85.00 target price on shares of Ichor in a report on Wednesday, August 5th. TD Cowen decreased their price target on shares of Ichor from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Finally, B. Riley Financial dropped their price target on shares of Ichor from $125.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Ichor Price Performance

Shares of ICHR opened at $58.87 on Wednesday. The firm has a market cap of $2.20 billion, a PE ratio of -50.32 and a beta of 1.82. The company has a current ratio of 3.70, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $84.48 and a two-hundred day simple moving average of $66.23. Ichor has a 1-year low of $14.06 and a 1-year high of $113.58.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results 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. The firm had revenue of $294.78 million for the quarter, compared to the consensus estimate of $300.17 million. Ichor had a positive return on equity of 0.47% and a negative net margin of 3.97%.The company’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same period last year, the business posted $0.03 EPS. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. On average, equities analysts anticipate that Ichor will post 1.13 EPS for the current year.

Insider Activity at Ichor

In other Ichor news, CFO Greg Swyt sold 19,662 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $70.42, for a total value of $1,384,598.04. Following the sale, the chief financial officer owned 60,971 shares in the company, valued at $4,293,577.82. The trade was a 24.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Iain Mackenzie sold 9,933 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 122,427 shares of the company’s stock, valued at $8,050,799.52. This represents a 7.50% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 71,434 shares of company stock worth $5,037,101 in the last three months. Insiders own 1.70% of the company’s stock.

Institutional Trading of Ichor

Several institutional investors have recently added to or reduced their stakes in ICHR. Versant Capital Management Inc lifted its position in shares of 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. AdvisorNet Financial Inc purchased a new position in shares of Ichor during the first quarter valued at $37,000. KBC Group NV purchased a new position in Ichor during the 1st quarter valued at about $44,000. Public Employees Retirement System of Ohio bought a new position in shares of Ichor during the second quarter valued at approximately $114,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Ichor during the 2nd quarter valued at $27,000. 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.