Ichor (NASDAQ:ICHR) Trading 6.9% Higher – Should You Buy?

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ICHR. Needham & Company LLC upped their target price on Ichor from $72.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. DA Davidson set a $85.00 target price on Ichor in a research note on Wednesday, August 5th. 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 raised their price objective on shares of Ichor from $60.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, August 4th. Finally, Zacks Research upgraded shares of Ichor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $87.00.

Ichor Stock Performance

The firm has a market capitalization of $2.11 billion, a P/E ratio of -48.27 and a beta of 1.81. 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 stock has a 50-day moving average of $77.11 and a 200 day moving average of $67.56.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings results 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 quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.03 EPS. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. On average, research analysts anticipate that Ichor Holdings, Ltd. will post 1.13 earnings per share for the current year.

Insider Buying and Selling

In other news, 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 value of $81,310.32. Following the completion of the sale, the chief executive officer owned 161,562 shares of the company’s stock, valued at approximately $9,997,456.56. This represents a 0.81% decrease in their ownership of the stock. The sale 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 business’s 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 completion of the transaction, the chief operating officer directly owned 92,324 shares in the company, valued at approximately $4,794,385.32. This trade represents a 10.29% decrease in their ownership of the stock. 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. Over the last three months, insiders sold 28,654 shares of company stock worth $1,739,932. 1.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System lifted its position in shares of Ichor by 10,835.2% during the second quarter. California State Teachers Retirement System now owns 4,462,232 shares of the technology company’s stock worth $501,019,000 after acquiring an additional 4,421,426 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Ichor by 4.7% during the fourth quarter. Vanguard Group Inc. now owns 3,333,902 shares of the technology company’s stock valued at $61,444,000 after acquiring an additional 148,993 shares during the last quarter. Invesco Ltd. raised its holdings in Ichor by 141.2% in the 4th quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock worth $55,730,000 after purchasing an additional 1,770,425 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Ichor by 15.3% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,957,656 shares of the technology company’s stock worth $36,080,000 after purchasing an additional 259,417 shares in the last quarter. Finally, Royce & Associates LP grew its stake in shares of Ichor by 48.5% in the 4th quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock worth $26,707,000 after buying an additional 473,440 shares during the last quarter. Institutional investors own 94.81% of the company’s stock.

About Ichor

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.