Ichor Holdings, Ltd. (NASDAQ:ICHR) Stock Has Average Target Price of $85.89

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have been given a consensus rating of “Moderate Buy” by the ten brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $85.89.

A number of research analysts have recently commented on the stock. Zacks Research cut shares of Ichor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. DA Davidson upgraded Ichor to a “strong-buy” rating in a research report on Monday, October 5th. Needham & Company LLC lifted their price target on shares of Ichor from $72.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Wall Street Zen upgraded Ichor from a “hold” rating to a “buy” rating in a research note on Saturday, October 17th. Finally, Stifel Nicolaus increased their target price on Ichor from $76.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, July 10th.

Insider Activity

In other news, CEO Philip Barros, Jr. sold 1,314 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $61.88, for a total transaction of $81,310.32. Following the completion of the transaction, the chief executive officer owned 161,562 shares in the company, valued at approximately $9,997,456.56. This represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Also, Director Iain MacKenzie sold 20,000 shares of the stock in a transaction dated 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 sale, the director directly owned 102,427 shares in the company, valued at approximately $5,188,951.82. This trade represents a 16.34% 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. In the last three months, insiders sold 46,740 shares of company stock worth $2,602,960. 1.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. acquired a new stake in Ichor in the 2nd quarter valued at approximately $5,165,000. Wellington Management Group LLP boosted its position in Ichor by 54.3% during the 2nd quarter. Wellington Management Group LLP now owns 1,108,844 shares of the technology company’s stock worth $124,501,000 after acquiring an additional 390,017 shares during the period. Hsbc Holdings PLC acquired a new position in Ichor during the 4th quarter worth $1,101,000. Counterpoint Mutual Funds LLC acquired a new position in Ichor during the 1st quarter worth $892,000. Finally, Robeco Institutional Asset Management B.V. bought a new position in shares of Ichor in the third quarter worth $1,991,000. 94.81% of the stock is owned by institutional investors and hedge funds.

Ichor Price Performance

Ichor stock opened at $43.08 on Friday. The firm has a fifty day moving average of $53.85 and a 200-day moving average of $60.31. Ichor has a 52-week low of $14.06 and a 52-week high of $113.58. The company has a quick ratio of 2.07, a current ratio of 3.70 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $1.61 billion, a P/E ratio of -36.82 and a beta of 1.79.

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

About Ichor

Ichor Holdings, Ltd. (NASDAQ: ICHR) is a supplier to the semiconductor equipment industry. The company designs, engineers and manufactures critical fluid-delivery subsystems used in semiconductor fabrication equipment, including systems that deliver and control gases and chemicals during the wafer-manufacturing process.

Ichor’s products and services include gas and chemical delivery systems, precision-machined components, weldments, fluid-management assemblies and related engineering and manufacturing services.