Ichor (NASDAQ:ICHR) Trading Up 8.7% – What’s Next?

Ichor Holdings, Ltd. (NASDAQ:ICHR) shot up 8.7% on Tuesday . The company traded as high as $27.26 and last traded at $26.8050. 462,381 shares were traded during mid-day trading, a decline of 43% from the average session volume of 812,769 shares. The stock had previously closed at $24.65.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Zacks Research raised Ichor from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Oppenheimer raised Ichor from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $21.00 to $25.00 in a report on Wednesday, November 12th. Craig Hallum restated a “buy” rating and issued a $36.00 price target on shares of Ichor in a research report on Wednesday. Stifel Nicolaus boosted their price target on Ichor from $21.00 to $25.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Wall Street Zen downgraded shares of Ichor from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Ichor currently has a consensus rating of “Hold” and an average target price of $26.00.

Ichor Stock Up 3.2%

The company has a quick ratio of 1.33, a current ratio of 3.08 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average of $18.38 and a two-hundred day moving average of $19.16. The firm has a market capitalization of $990.83 million, a price-to-earnings ratio of -24.02 and a beta of 1.83.

Ichor (NASDAQ:ICHR) last released its quarterly earnings data 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 net margin of 4.26% and a negative return on equity of 0.96%. The firm had revenue of $239.30 million for the quarter, compared to analyst estimates of $235.14 million. During the same period last year, the business earned $0.12 EPS. The company’s revenue 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, sell-side analysts anticipate that Ichor Holdings, Ltd. will post 1.01 EPS for the current fiscal year.

Insider Activity

In other Ichor news, Director Iain Mackenzie acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was acquired at an average price of $14.53 per share, for a total transaction of $145,300.00. Following the acquisition, the director directly owned 130,011 shares in the company, valued at $1,889,059.83. This represents a 8.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ichor

Several institutional investors and hedge funds have recently added to or reduced their stakes in ICHR. The Manufacturers Life Insurance Company raised its stake in shares of Ichor by 5.7% during the second quarter. The Manufacturers Life Insurance Company now owns 12,447 shares of the technology company’s stock valued at $244,000 after acquiring an additional 666 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Ichor by 95.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,619 shares of the technology company’s stock valued at $32,000 after purchasing an additional 789 shares during the period. Rhumbline Advisers lifted its stake in Ichor by 0.9% in the first quarter. Rhumbline Advisers now owns 99,149 shares of the technology company’s stock valued at $2,242,000 after buying an additional 839 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Ichor by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company’s stock valued at $444,000 after acquiring an additional 865 shares in the last quarter. Finally, Natixis Advisors LLC lifted its position in shares of Ichor by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 52,158 shares of the technology company’s stock valued at $914,000 after acquiring an additional 1,017 shares during the period. 94.81% of the stock is currently owned by institutional investors and hedge funds.

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.