Ichor (NASDAQ:ICHR) Stock Bumped Down to Hold by Zacks Research

Zacks Research cut shares of Ichor (NASDAQ:ICHR) from a strong-buy rating to a hold rating in a research note released on Monday morning,Zacks reports.

Other equities analysts have also issued research reports about the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ichor in a research report on Monday, September 21st. Wall Street Zen downgraded shares of Ichor from a “buy” rating to a “hold” rating in a report on Tuesday, September 29th. B. Riley Financial reduced their target price on shares of Ichor from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Stifel Nicolaus lifted their target price on Ichor from $76.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Finally, TD Cowen lowered their price target on Ichor from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Ichor Trading Down 1.4%

Ichor stock opened at $62.44 on Monday. Ichor has a 52 week low of $14.06 and a 52 week high of $113.58. 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 firm has a market capitalization of $2.34 billion, a PE ratio of -53.37 and a beta of 1.79. The business’s 50-day simple moving average is $60.89 and its 200-day simple moving average is $69.36.

Ichor (NASDAQ:ICHR) last announced its earnings results on Monday, August 3rd. The technology company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm 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 firm’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.03 EPS. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. Equities research analysts forecast that Ichor will post 1.13 earnings per share for the current year.

Insider Buying and Selling at Ichor

In related news, Director Iain MacKenzie sold 20,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $50.66, for a total value of $1,013,200.00. Following the sale, the director owned 102,427 shares of the company’s stock, valued at $5,188,951.82. The trade was a 16.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 dated Wednesday, August 19th. The stock was sold at an average price of $61.88, for a total transaction of $81,310.32. Following the completion of the transaction, the chief executive officer directly owned 161,562 shares of the company’s stock, valued at $9,997,456.56. This trade represents a 0.81% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 46,740 shares of company stock worth $2,602,960. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Ichor

Institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its holdings in shares of Ichor by 54.3% in the 2nd quarter. Wellington Management Group LLP now owns 1,108,844 shares of the technology company’s stock worth $124,501,000 after buying an additional 390,017 shares in the last quarter. Kennedy Capital Management LLC boosted its stake in 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 in the last quarter. Principal Financial Group Inc. grew its position in Ichor by 2.1% in the first quarter. Principal Financial Group Inc. now owns 167,350 shares of the technology company’s stock valued at $7,800,000 after acquiring an additional 3,494 shares during the period. Needham Investment Management LLC grew its position in Ichor by 31.7% in the fourth quarter. Needham Investment Management LLC now owns 158,000 shares of the technology company’s stock valued at $2,912,000 after acquiring an additional 38,000 shares during the period. Finally, Sei Investments Co. grew its position in Ichor by 61.7% in the first quarter. Sei Investments Co. now owns 113,531 shares of the technology company’s stock valued at $5,292,000 after acquiring an additional 43,320 shares during the period. 94.81% of the stock is owned by institutional investors and hedge funds.

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.