Wall Street Zen Downgrades Ichor (NASDAQ:ICHR) to Hold

Ichor (NASDAQ:ICHR) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday, Wall Street Zen reports.

Other equities research analysts have also recently issued research reports about the stock. DA Davidson set a $85.00 target price on shares of Ichor in a research note on Wednesday, August 5th. Stifel Nicolaus boosted their price target on shares of Ichor from $76.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. TD Cowen dropped their price objective on shares of Ichor from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Zacks Research upgraded shares of Ichor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. Finally, B. Riley Financial decreased their target price on shares of Ichor from $125.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Ichor Stock Performance

NASDAQ:ICHR opened at $51.38 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 3.70. The company has a fifty day moving average of $70.66 and a two-hundred day moving average of $67.90. The stock has a market capitalization of $1.92 billion, a PE ratio of -43.91 and a beta of 1.81. Ichor has a fifty-two week low of $14.06 and a fifty-two week high of $113.58.

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

Insiders Place Their Bets

In related news, COO Bruce Ragsdale sold 10,587 shares of the company’s stock in a transaction that occurred on 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. This represents a 10.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Philip Barros, Jr. sold 1,314 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $61.88, for a total value of $81,310.32. Following the completion of the transaction, the chief executive officer owned 161,562 shares of the company’s stock, valued at $9,997,456.56. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Over the last three months, insiders have sold 23,902 shares of company stock valued at $1,404,273. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Ichor

Hedge funds have recently modified their holdings of the business. California State Teachers Retirement System lifted its stake in Ichor by 10,835.2% during the second quarter. California State Teachers Retirement System now owns 4,462,232 shares of the technology company’s stock worth $501,019,000 after purchasing an additional 4,421,426 shares in the last quarter. Royce & Associates LP grew its stake in shares of Ichor by 48.5% in the fourth quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock valued at $26,707,000 after buying an additional 473,440 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Ichor by 54.3% in the second quarter. Wellington Management Group LLP now owns 1,108,844 shares of the technology company’s stock valued at $124,501,000 after buying an additional 390,017 shares in the last quarter. Kennedy Capital Management LLC raised its holdings in shares of Ichor by 20.9% in the 4th quarter. Kennedy Capital Management LLC now owns 892,524 shares of the technology company’s stock valued at $16,449,000 after buying an additional 154,404 shares during the period. Finally, 1492 Capital Management LLC purchased a new stake in shares of Ichor in the 1st quarter valued at $2,919,000. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Ichor Company Profile

Ichor Holdings, Ltd. (NASDAQ: ICHR) designs, manufactures and services critical fluid-delivery systems and components used in semiconductor manufacturing equipment. Its products help control and deliver gases and chemicals used in processes such as wafer fabrication, including deposition, etching and cleaning.

The company’s offerings include gas and chemical delivery modules, fluid-management systems, precision-machined components, weldments and related assemblies. Ichor also provides capabilities such as precision machining, welding, electropolishing, cleaning and component testing, allowing it to supply integrated subsystems to semiconductor capital-equipment manufacturers.

Founded in 1999 and headquartered in Fremont, California, Ichor serves a global customer base through engineering and manufacturing operations in North America, Europe and Asia.