Ichor (NASDAQ:ICHR) Raised to “Buy” at Wall Street Zen

Ichor (NASDAQ:ICHR) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Monday, Wall Street Zen reports.

Other analysts also recently issued reports about the company. Needham & Company LLC raised their target price on Ichor from $72.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Zacks Research upgraded Ichor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. Oppenheimer lifted their price objective on Ichor from $60.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, August 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a research note on Wednesday, June 24th. Finally, DA Davidson set a $85.00 price objective on shares of Ichor in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Ichor currently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Ichor Stock Up 2.3%

ICHR opened at $57.44 on Monday. Ichor has a twelve month low of $14.06 and a twelve month high of $113.58. The company’s 50-day moving average price is $66.02 and its two-hundred day moving average price is $68.16. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of -49.09 and a beta of 1.81. The company has a quick ratio of 2.07, a current ratio of 3.70 and a debt-to-equity ratio of 0.13.

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 the consensus estimate of $0.31 by $0.03. Ichor had a negative net margin of 3.97% and a positive return on equity of 0.47%. The company had revenue of $294.78 million during the quarter, compared to analyst estimates of $300.17 million. During the same quarter last year, the business posted $0.03 EPS. Ichor’s quarterly revenue was up 22.7% compared to the same quarter last year. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. As a group, equities analysts expect that Ichor will post 1.13 earnings per share for the current year.

Insider Activity

In related news, COO Bruce Ragsdale sold 10,587 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $51.93, for a total value of $549,782.91. Following the sale, the chief operating officer 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. 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. Also, CFO Greg Swyt sold 2,068 shares of Ichor stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $58.02, for a total value of $119,985.36. Following the sale, the chief financial officer directly owned 47,832 shares of the company’s stock, valued at $2,775,212.64. This represents a 4.14% 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 in the last quarter. 1.70% of the stock is currently owned by company insiders.

Institutional Trading of Ichor

Several institutional investors and hedge funds have recently modified their holdings of the business. Tidal Investments LLC boosted its position in shares of Ichor by 30.1% during the 2nd quarter. Tidal Investments LLC now owns 12,866 shares of the technology company’s stock valued at $1,445,000 after acquiring an additional 2,978 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of Ichor in the second quarter worth approximately $288,000. Integrated Wealth Concepts LLC purchased a new stake in Ichor in the second quarter valued at approximately $45,000. NewEdge Advisors LLC raised its stake in Ichor by 1,712.4% in the second 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 in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Ichor during the second quarter valued at approximately $894,000. Hedge funds and other institutional investors own 94.81% of the company’s stock.

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.