Ichor (NASDAQ:ICHR) Cut to Hold at Zacks Research

Zacks Research downgraded shares of Ichor (NASDAQ:ICHR) from a strong-buy rating to a hold rating in a report released on Monday,Zacks reports.

A number of other research analysts have also recently weighed in on the company. B. Riley Financial lowered their price objective on Ichor from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Oppenheimer lifted their price target on shares of Ichor from $60.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, August 4th. Needham & Company LLC upped their price target on shares of Ichor from $72.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Stifel Nicolaus increased their price objective on shares of Ichor from $76.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Wall Street Zen downgraded shares of Ichor from a “buy” rating to a “hold” rating in a research report on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

Ichor Price Performance

NASDAQ ICHR opened at $60.87 on Monday. Ichor has a 1-year low of $14.06 and a 1-year high of $113.58. The business’s fifty day moving average price is $60.86 and its 200-day moving average price is $69.43. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.70 and a quick ratio of 2.07. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of -52.03 and a beta of 1.79.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Monday, August 3rd. The technology company reported $0.34 earnings per share 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 business had revenue of $294.78 million for the quarter, compared to the consensus estimate of $300.17 million. During the same period last year, the firm earned $0.03 earnings per share. The company’s quarterly revenue was up 22.7% on a year-over-year basis. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. On average, equities analysts predict that Ichor will post 1.13 earnings per share for the current year.

Insiders Place Their Bets

In other Ichor news, CFO Greg Swyt sold 2,068 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $58.02, for a total value of $119,985.36. Following the completion of the transaction, the chief financial officer directly owned 47,832 shares in the company, valued at $2,775,212.64. This represents a 4.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Bruce Ragsdale sold 10,587 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $51.93, for a total transaction of $549,782.91. Following the sale, the chief operating officer directly 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 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. Insiders sold a total of 46,740 shares of company stock valued at $2,602,960 in the last 90 days. 1.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ichor

A number of hedge funds and other institutional investors have recently modified their holdings of ICHR. Central Pacific Bank Trust Division increased its holdings in Ichor by 16.8% in the 3rd quarter. Central Pacific Bank Trust Division now owns 13,286 shares of the technology company’s stock valued at $822,000 after acquiring an additional 1,914 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Ichor by 30.1% during the 2nd quarter. Tidal Investments LLC now owns 12,866 shares of the technology company’s stock valued at $1,445,000 after purchasing an additional 2,978 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of Ichor during the 2nd quarter valued at about $288,000. Integrated Wealth Concepts LLC purchased a new position in shares of Ichor during the second quarter valued at about $45,000. Finally, NewEdge Advisors LLC grew its position in shares of Ichor by 1,712.4% during the second quarter. NewEdge Advisors LLC now owns 1,613 shares of the technology company’s stock valued at $181,000 after purchasing an additional 1,524 shares in the last quarter. Institutional investors own 94.81% of the company’s stock.

About Ichor

Ichor Holdings, Ltd. (NASDAQ: ICHR) designs, engineers and manufactures critical fluid-delivery subsystems and components used in semiconductor manufacturing equipment. Its products help deliver, control and distribute gases and chemicals used in wafer fabrication processes.

The company’s offerings include gas and chemical delivery systems, precision-machined components, weldments, assemblies and other specialized components for semiconductor capital equipment. Ichor primarily serves original equipment manufacturers and other customers involved in the production of semiconductor devices.

Founded in 1999, Ichor is headquartered in Fremont, California, and operates manufacturing and engineering facilities across several regions, including North America, Europe and Asia.