Ichor (NASDAQ:ICHR) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Ichor (NASDAQ:ICHR) from a hold rating to a buy rating in a research note released on Monday,Wall Street Zen reports.

ICHR has been the topic of several other research reports. DA Davidson set a $85.00 price target on shares of Ichor in a research report on Wednesday, August 5th. TD Cowen cut their price objective on Ichor from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. B. Riley Financial reduced their price objective on Ichor from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a report on Wednesday, June 24th. Finally, Needham & Company LLC boosted their target price on Ichor from $72.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. One 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 given a Sell rating to the company’s stock. According to MarketBeat.com, Ichor presently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Ichor Price Performance

Shares of NASDAQ ICHR opened at $56.14 on Monday. Ichor has a twelve month low of $14.06 and a twelve month high of $113.58. 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 50-day moving average of $66.77 and a two-hundred day moving average of $68.08. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of -47.98 and a beta of 1.81.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings data on Monday, August 3rd. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. Ichor had a negative net margin of 3.97% and a positive return on equity of 0.47%. The company had revenue of $294.78 million for the quarter, compared to analysts’ expectations of $300.17 million. During the same quarter in the previous year, the company posted $0.03 EPS. The business’s revenue was up 22.7% compared to the same quarter last year. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. As a group, analysts expect that Ichor will post 1.13 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Bruce Ragsdale sold 10,587 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $51.93, for a total value of $549,782.91. Following the completion of the transaction, the chief operating officer owned 92,324 shares of the company’s stock, valued at approximately $4,794,385.32. This trade represents a 10.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Iain MacKenzie sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $50.66, for a total transaction of $1,013,200.00. Following the completion of the transaction, the director directly owned 102,427 shares of the company’s stock, valued at $5,188,951.82. This represents a 16.34% decrease in their position. 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. Insiders have sold 43,902 shares of company stock worth $2,417,473 over the last three months. 1.70% of the stock is owned by insiders.

Institutional Trading of Ichor

Hedge funds have recently modified their holdings of the business. Wellington Management Group LLP grew its holdings in shares of Ichor by 54.3% during the second quarter. Wellington Management Group LLP now owns 1,108,844 shares of the technology company’s stock valued at $124,501,000 after buying an additional 390,017 shares in the last quarter. Royce & Associates LP lifted its stake in 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 acquiring an additional 473,440 shares in the last quarter. Kennedy Capital Management LLC lifted its stake in Ichor by 20.9% in the 4th quarter. Kennedy Capital Management LLC now owns 892,524 shares of the technology company’s stock worth $16,449,000 after acquiring an additional 154,404 shares in the last quarter. Principal Financial Group Inc. boosted its position in Ichor by 2.1% during the 1st quarter. Principal Financial Group Inc. now owns 167,350 shares of the technology company’s stock worth $7,800,000 after acquiring an additional 3,494 shares during the period. Finally, Sei Investments Co. boosted its position in Ichor by 61.7% during the 1st quarter. Sei Investments Co. now owns 113,531 shares of the technology company’s stock worth $5,292,000 after acquiring an additional 43,320 shares during the period. Hedge funds and other institutional investors own 94.81% of the company’s stock.

About Ichor

Ichor Holdings, Ltd. (NASDAQ: ICHR) designs, manufactures and services critical fluid-delivery systems and components used in semiconductor manufacturing equipment. Its products help control and deliver gases and chemicals used in processes such as wafer fabrication, including deposition, etching and cleaning.

The company’s offerings include gas and chemical delivery modules, fluid-management systems, precision-machined components, weldments and related assemblies. Ichor also provides capabilities such as precision machining, welding, electropolishing, cleaning and component testing, allowing it to supply integrated subsystems to semiconductor capital-equipment manufacturers.

Founded in 1999 and headquartered in Fremont, California, Ichor serves a global customer base through engineering and manufacturing operations in North America, Europe and Asia.