Ichor (NASDAQ:ICHR) Trading 6.9% Higher – Time to Buy?

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) shot up 6.9% on Friday . The stock traded as high as $56.70 and last traded at $56.4650. 345,617 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 1,009,878 shares. The stock had previously closed at $52.82.

Wall Street Analyst Weigh In

ICHR has been the topic of several research reports. Wall Street Zen upgraded Ichor from a “hold” rating to a “buy” rating in a research note on Saturday. Stifel Nicolaus upped their price objective on shares of Ichor from $76.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. TD Cowen dropped their target price on shares of Ichor from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Oppenheimer raised their target price on shares of Ichor from $60.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, August 4th. Finally, DA Davidson set a $85.00 price target on shares of Ichor in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Ichor has an average rating of “Moderate Buy” and an average price target of $87.00.

Ichor Trading Up 6.7%

The company has a current ratio of 3.70, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $2.11 billion, a P/E ratio of -48.19 and a beta of 1.81. The company has a 50-day moving average price of $76.36 and a 200 day moving average price of $67.48.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings data on Monday, August 3rd. The technology company reported $0.34 earnings per share for the quarter, beating 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 positive return on equity of 0.47% and a negative net margin of 3.97%.The firm’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.03 earnings per share. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. On average, research analysts forecast that Ichor Holdings, Ltd. will post 1.13 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Bruce Ragsdale sold 10,587 shares of Ichor stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $51.93, for a total value of $549,782.91. Following the transaction, the chief operating officer owned 92,324 shares of the company’s stock, valued at $4,794,385.32. The trade was a 10.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Greg Swyt sold 6,820 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $66.81, for a total transaction of $455,644.20. Following the transaction, the chief financial officer owned 53,070 shares of the company’s stock, valued at approximately $3,545,606.70. This trade represents a 11.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 28,654 shares of company stock valued at $1,739,932 over the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ichor

Large investors have recently made changes to their positions in the business. Allianz Asset Management GmbH purchased a new stake in shares of Ichor during the 2nd quarter valued at $2,582,000. Corient Private Wealth LP purchased a new position in Ichor during the 2nd quarter worth $268,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Ichor during the 2nd quarter valued at about $247,000. California State Teachers Retirement System increased its position in Ichor by 10,835.2% during the 2nd quarter. California State Teachers Retirement System now owns 4,462,232 shares of the technology company’s stock valued at $501,019,000 after buying an additional 4,421,426 shares in the last quarter. Finally, Teza Capital Management LLC purchased a new stake in Ichor in the second quarter valued at about $476,000. 94.81% of the stock is owned by institutional investors and hedge funds.

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.