Ichor (NASDAQ:ICHR) Research Coverage Started at Freedom Broker

Freedom Broker began coverage on shares of Ichor (NASDAQ:ICHR) in a research report report published on Friday morning,Benzinga reports. The brokerage issued a buy rating and a $82.00 price objective on the technology company’s stock.

Other research analysts have also issued research reports about the stock. DA Davidson upgraded shares of Ichor to a “strong-buy” rating in a report on Monday, October 5th. B. Riley Financial reduced their target price on shares of Ichor from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ichor in a report on Monday, September 21st. Oppenheimer upped their price target 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, TD Cowen dropped their price target 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. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Ichor presently has an average rating of “Moderate Buy” and a consensus price target of $85.89.

Ichor Price Performance

Ichor stock opened at $59.91 on Friday. 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 company has a market capitalization of $2.24 billion, a PE ratio of -51.20 and a beta of 1.79. Ichor has a 12 month low of $14.06 and a 12 month high of $113.58. The stock has a 50-day moving average price of $60.23 and a two-hundred day moving average price of $69.59.

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

Insider Buying and Selling

In other news, COO Bruce Ragsdale sold 2,149 shares of the firm’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $65.47, for a total transaction of $140,695.03. Following the completion of the transaction, the chief operating officer directly owned 88,595 shares in the company, valued at $5,800,314.65. This trade represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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, Director Iain MacKenzie sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $50.66, for a total value of $1,013,200.00. Following the transaction, the director owned 102,427 shares of the company’s stock, valued at $5,188,951.82. This trade represents a 16.34% decrease in their ownership of the stock. 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 46,740 shares of company stock worth $2,602,960. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Ichor

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc raised its stake in Ichor by 100.0% during the second quarter. Versant Capital Management Inc now owns 252 shares of the technology company’s stock worth $28,000 after buying an additional 126 shares during the last quarter. AdvisorNet Financial Inc acquired a new position in Ichor in the first quarter valued at $37,000. KBC Group NV acquired a new position in Ichor in the first quarter valued at $44,000. Integrated Wealth Concepts LLC bought a new stake in Ichor during the second quarter valued at $45,000. Finally, Allworth Financial LP boosted its position in Ichor by 125.1% during the second quarter. Allworth Financial LP now owns 421 shares of the technology company’s stock valued at $47,000 after acquiring an additional 234 shares during the last quarter. 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.