Ichor (NASDAQ:ICHR) Shares Gap Up Following Analyst Upgrade

Ichor Holdings, Ltd. (NASDAQ:ICHR)’s stock price gapped up before the market opened on Thursday after Stifel Nicolaus raised their price target on the stock from $21.00 to $25.00. The stock had previously closed at $27.92, but opened at $29.60. Stifel Nicolaus currently has a hold rating on the stock. Ichor shares last traded at $29.5780, with a volume of 258,212 shares.

Other equities research analysts have also issued reports about the stock. DA Davidson reduced their target price on shares of Ichor from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, November 4th. Wall Street Zen lowered shares of Ichor from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Zacks Research raised shares of Ichor from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Oppenheimer upgraded Ichor from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $21.00 to $25.00 in a report on Wednesday, November 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ichor in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $26.00.

Insider Transactions at Ichor

In other news, Director Iain Mackenzie bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were acquired at an average price of $14.53 per share, for a total transaction of $145,300.00. Following the completion of the acquisition, the director directly owned 130,011 shares in the company, valued at approximately $1,889,059.83. This represents a 8.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ichor

Several institutional investors and hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its holdings in Ichor by 5.7% in the second quarter. The Manufacturers Life Insurance Company now owns 12,447 shares of the technology company’s stock worth $244,000 after purchasing an additional 666 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Ichor by 95.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,619 shares of the technology company’s stock worth $32,000 after buying an additional 789 shares in the last quarter. Rhumbline Advisers grew its position in shares of Ichor by 0.9% during the 1st quarter. Rhumbline Advisers now owns 99,149 shares of the technology company’s stock worth $2,242,000 after buying an additional 839 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Ichor by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company’s stock valued at $444,000 after acquiring an additional 865 shares in the last quarter. Finally, Natixis Advisors LLC lifted its position in shares of Ichor by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 52,158 shares of the technology company’s stock valued at $914,000 after acquiring an additional 1,017 shares during the period. Institutional investors own 94.81% of the company’s stock.

Ichor Stock Up 6.7%

The company has a market cap of $1.02 billion, a price-to-earnings ratio of -25.07 and a beta of 1.83. The stock’s 50-day moving average is $18.11 and its 200-day moving average is $19.09. The company has a current ratio of 3.08, a quick ratio of 1.33 and a debt-to-equity ratio of 0.17.

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

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.