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

Ichor (NASDAQ:ICHR) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ichor in a report on Wednesday, June 24th. B. Riley Financial boosted their target price on Ichor from $90.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Needham & Company LLC upped their target price on Ichor from $48.00 to $72.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Stifel Nicolaus increased 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. Finally, TD Cowen lifted their price target on Ichor from $80.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $82.29.

Ichor Trading Down 0.5%

Shares of NASDAQ ICHR opened at $95.33 on Tuesday. Ichor has a 12-month low of $13.12 and a 12-month high of $113.58. The company has a market cap of $3.32 billion, a price-to-earnings ratio of -64.41 and a beta of 1.78. The company has a current ratio of 2.82, a quick ratio of 1.21 and a debt-to-equity ratio of 0.17. The stock’s 50 day simple moving average is $84.27 and its 200 day simple moving average is $59.84.

Ichor (NASDAQ:ICHR) last posted its earnings results on Monday, May 4th. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The firm had revenue of $256.07 million during the quarter, compared to analyst estimates of $251.32 million. Ichor had a negative net margin of 5.28% and a negative return on equity of 1.10%. Ichor’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 EPS. Ichor has set its Q2 2026 guidance at 0.250-0.350 EPS. Equities research analysts expect that Ichor will post 0.97 EPS for the current year.

Insider Buying and Selling at Ichor

In related news, CFO Greg Swyt sold 6,820 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $66.81, for a total transaction of $455,644.20. Following the completion of the sale, the chief financial officer directly owned 53,070 shares in the company, valued at approximately $3,545,606.70. This trade represents a 11.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Marc Haugen sold 5,337 shares of Ichor stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $75.63, for a total transaction of $403,637.31. Following the completion of the transaction, the director owned 10,825 shares in the company, valued at approximately $818,694.75. This trade represents a 33.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 79,447 shares of company stock valued at $5,678,621. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Ichor

Several large investors have recently modified their holdings of ICHR. Royal Bank of Canada grew its holdings in shares of Ichor by 27.7% in the 1st quarter. Royal Bank of Canada now owns 9,891 shares of the technology company’s stock worth $224,000 after acquiring an additional 2,146 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Ichor by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company’s stock valued at $444,000 after purchasing an additional 865 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Ichor by 286.0% during the first quarter. Jane Street Group LLC now owns 53,277 shares of the technology company’s stock valued at $1,205,000 after purchasing an additional 39,476 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Ichor by 75.9% in the 2nd quarter. Gamco Investors INC. ET AL now owns 24,100 shares of the technology company’s stock valued at $473,000 after purchasing an additional 10,400 shares during the period. Finally, Federated Hermes Inc. boosted its position in shares of Ichor by 243.1% in the 2nd quarter. Federated Hermes Inc. now owns 107,629 shares of the technology company’s stock valued at $2,114,000 after purchasing an additional 76,257 shares during the period. 94.81% of the stock is owned by institutional investors.

About Ichor

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.