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

Ichor Holdings, Ltd. (NASDAQ:ICHR) shares gapped up before the market opened on Wednesday after Oppenheimer upgraded the stock from a market perform rating to an outperform rating. The stock had previously closed at $15.21, but opened at $16.75. Oppenheimer now has a $25.00 price target on the stock. Ichor shares last traded at $16.2570, with a volume of 314,602 shares trading hands.

Several other equities research analysts have also commented on the stock. DA Davidson dropped their price target on shares of Ichor from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. Zacks Research cut shares of Ichor from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 6th. B. Riley downgraded Ichor from a “buy” rating to a “neutral” rating and set a $18.00 target price for the company. in a research report on Tuesday, August 5th. Stifel Nicolaus set a $21.00 price objective on shares of Ichor and gave the stock a “hold” rating in a research note on Tuesday, November 4th. Finally, TD Cowen reduced their target price on shares of Ichor from $28.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday, August 5th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $23.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. boosted its position in Ichor by 6.1% during the first quarter. Invesco Ltd. now owns 1,168,756 shares of the technology company’s stock valued at $26,426,000 after purchasing an additional 66,942 shares during the last quarter. S Squared Technology LLC raised its position in Ichor by 21.1% during the first quarter. S Squared Technology LLC now owns 278,910 shares of the technology company’s stock valued at $6,306,000 after acquiring an additional 48,566 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Ichor by 99,483.3% in the second quarter. Farther Finance Advisors LLC now owns 5,975 shares of the technology company’s stock valued at $117,000 after acquiring an additional 5,969 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Ichor in the second quarter worth approximately $924,000. Finally, Cinctive Capital Management LP acquired a new position in shares of Ichor during the 1st quarter worth $1,356,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ichor Stock Up 6.5%

The company has a current ratio of 3.08, a quick ratio of 1.33 and a debt-to-equity ratio of 0.17. The business’s fifty day moving average price is $19.05 and its two-hundred day moving average price is $18.99. The firm has a market cap of $557.09 million, a P/E ratio of -13.52 and a beta of 1.95.

Ichor (NASDAQ:ICHR) last posted its 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). Ichor had a negative return on equity of 0.96% and a negative net margin of 4.26%.The company had revenue of $239.30 million during the quarter, compared to analyst estimates of $235.14 million. During the same quarter last year, the firm posted $0.12 earnings per share. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. Ichor has set its Q4 2025 guidance at -0.140-0.020 EPS. As a group, equities research analysts anticipate that Ichor Holdings, Ltd. will post 1.01 EPS for the current year.

Ichor Company Profile

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.