Ichor Holdings, Ltd. (NASDAQ:ICHR) Stock Has Average Price Target of $87.00 According to Analysts

Ichor Holdings, Ltd. (NASDAQ:ICHR) has been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $87.00.

Several research analysts recently issued reports on ICHR shares. B. Riley Financial cut their target price on Ichor from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Oppenheimer increased their price target on Ichor from $60.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, August 4th. Wall Street Zen cut Ichor from a “buy” rating to a “hold” rating in a research note on Tuesday, September 29th. Stifel Nicolaus lifted their price objective on shares of Ichor from $76.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, DA Davidson set a $85.00 target price on shares of Ichor in a research note on Wednesday, August 5th.

Ichor Trading Up 0.7%

ICHR opened at $62.92 on Tuesday. 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 has a fifty-two week low of $14.06 and a fifty-two week high of $113.58. The firm has a market capitalization of $2.36 billion, a PE ratio of -53.78 and a beta of 1.79. The company’s 50-day moving average is $61.30 and its 200 day moving average is $68.95.

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

Insider Activity

In other Ichor news, CEO Philip Barros, Jr. sold 1,314 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $61.88, for a total value of $81,310.32. Following the completion of the sale, the chief executive officer owned 161,562 shares in the company, valued at approximately $9,997,456.56. This trade represents a 0.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $51.93, for a total transaction of $549,782.91. Following the completion of the sale, the chief operating officer owned 92,324 shares of the company’s stock, valued at approximately $4,794,385.32. This trade represents a 10.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 43,902 shares of company stock valued at $2,417,473 over the last ninety days. Company insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Ichor

Hedge funds and other institutional investors have recently modified their holdings of the business. Tidal Investments LLC lifted its holdings 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 period. Pinnacle Wealth Management Advisory Group LLC bought a new position in Ichor in the 2nd quarter valued at $288,000. Integrated Wealth Concepts LLC bought a new position in Ichor in the 2nd quarter valued at $45,000. NewEdge Advisors LLC increased its position in shares of Ichor by 1,712.4% during 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 stake in shares of Ichor during the 2nd quarter valued at $894,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.

About Ichor

Ichor Holdings, Ltd. (NASDAQ: ICHR) designs, engineers and manufactures critical fluid-delivery subsystems and components used in semiconductor manufacturing equipment. Its products help deliver, control and distribute gases and chemicals used in wafer fabrication processes.

The company’s offerings include gas and chemical delivery systems, precision-machined components, weldments, assemblies and other specialized components for semiconductor capital equipment. Ichor primarily serves original equipment manufacturers and other customers involved in the production of semiconductor devices.

Founded in 1999, Ichor is headquartered in Fremont, California, and operates manufacturing and engineering facilities across several regions, including North America, Europe and Asia.