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 released on Tuesday, Wall Street Zen reports.

Other research analysts have also issued research reports about the company. Oppenheimer raised their price objective on Ichor from $60.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, August 4th. Needham & Company LLC upped their target price on shares of Ichor from $72.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Zacks Research upgraded shares of Ichor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ichor in a research note on Monday, September 21st. Finally, 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. One equities 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $87.00.

Ichor Price Performance

Shares of Ichor stock opened at $61.86 on Tuesday. The stock has a market capitalization of $2.32 billion, a P/E ratio of -52.87 and a beta of 1.81. The business has a 50 day simple moving average of $62.41 and a two-hundred day simple moving average of $68.85. Ichor has a 12 month low of $14.06 and a 12 month high of $113.58. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.70 and a quick ratio of 2.07.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results 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. Ichor had a positive return on equity of 0.47% and a negative net margin of 3.97%.The firm had revenue of $294.78 million for the quarter, compared to analyst estimates of $300.17 million. During the same period in the previous year, the company posted $0.03 earnings per share. The business’s revenue was up 22.7% on a year-over-year basis. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. As a group, analysts predict that Ichor will post 1.13 EPS for the current fiscal year.

Insider Activity

In other news, CEO Philip Barros, Jr. sold 1,314 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $61.88, for a total transaction of $81,310.32. Following the completion of the sale, the chief executive officer owned 161,562 shares in the company, valued at $9,997,456.56. This trade represents a 0.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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. Also, 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 transaction of $549,782.91. Following the sale, 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 43,902 shares of company stock valued at $2,417,473. Company insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC increased its stake in Ichor by 30.1% during the second quarter. Tidal Investments LLC now owns 12,866 shares of the technology company’s stock worth $1,445,000 after acquiring an additional 2,978 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC acquired a new position in shares of Ichor in the 2nd quarter valued at $288,000. Integrated Wealth Concepts LLC acquired a new position in shares of Ichor in the 2nd quarter valued at $45,000. NewEdge Advisors LLC lifted its stake in shares of Ichor by 1,712.4% in the 2nd quarter. NewEdge Advisors LLC now owns 1,613 shares of the technology company’s stock valued at $181,000 after purchasing an additional 1,524 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of Ichor during the 2nd quarter worth $894,000. 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.