Ichor (NASDAQ:ICHR) Upgraded 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 issued to investors on Saturday morning,Wall Street Zen reports.

A number of other equities analysts have also recently commented on the company. Oppenheimer lifted their target price on Ichor from $60.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, August 4th. Needham & Company LLC increased their price target on Ichor from $72.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. TD Cowen dropped their price objective on Ichor from $115.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. DA Davidson set a $85.00 price objective on Ichor in a research report on Wednesday, August 5th. 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 note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $87.00.

Ichor Stock Performance

Ichor stock opened at $56.38 on Friday. Ichor has a 52-week low of $14.06 and a 52-week high of $113.58. The company has a market cap of $2.11 billion, a P/E ratio of -48.19 and a beta of 1.81. 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 business has a 50-day simple moving average of $75.38 and a two-hundred day simple moving average of $67.69.

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

Insiders Place Their Bets

In other news, Director Iain MacKenzie sold 9,933 shares of Ichor stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $65.76, for a total value of $653,194.08. Following the completion of the sale, the director directly owned 122,427 shares of the company’s stock, valued at approximately $8,050,799.52. The trade was a 7.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 dated Tuesday, September 1st. The stock was sold at an average price of $51.93, for a total value of $549,782.91. Following the transaction, the chief operating officer directly owned 92,324 shares in the company, valued at approximately $4,794,385.32. The trade was a 10.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 21,834 shares of company stock worth $1,284,287. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of Ichor

Several hedge funds have recently made changes to their positions in ICHR. Versant Capital Management Inc raised its holdings in shares of Ichor by 100.0% in the second quarter. Versant Capital Management Inc now owns 252 shares of the technology company’s stock valued at $28,000 after buying an additional 126 shares during the last quarter. AdvisorNet Financial Inc acquired a new position in Ichor in the 1st quarter valued at about $37,000. KBC Group NV acquired a new position in Ichor in the 1st quarter valued at about $44,000. Public Employees Retirement System of Ohio purchased a new stake in Ichor during the 2nd quarter valued at approximately $114,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Ichor during the 2nd quarter valued at approximately $27,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

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.