Ichor (NASDAQ:ICHR) Trading 10% Higher – Here’s What Happened

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) traded up 10% during trading on Friday . The company traded as high as $19.88 and last traded at $20.2730. 57,231 shares were traded during mid-day trading, a decline of 88% from the average session volume of 484,330 shares. The stock had previously closed at $18.43.

Analyst Ratings Changes

ICHR has been the subject of a number of research reports. Zacks Research upgraded Ichor from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ichor in a research report on Monday. Wall Street Zen downgraded Ichor from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 8th. DA Davidson cut their price target on Ichor from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. Finally, Oppenheimer raised shares of Ichor from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $21.00 to $25.00 in a research note on Wednesday, November 12th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $23.20.

Ichor Stock Up 9.8%

The business’s fifty day moving average price is $17.71 and its two-hundred day moving average price is $18.74. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.33 and a current ratio of 3.08. The firm has a market capitalization of $695.68 million, a P/E ratio of -16.83 and a beta of 1.83.

Ichor (NASDAQ:ICHR) last posted its earnings results on Monday, November 3rd. The technology company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). The firm had revenue of $239.30 million for the quarter, compared to analysts’ expectations of $235.14 million. Ichor had a negative net margin of 4.26% and a negative return on equity of 0.96%. The company’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.12 EPS. Ichor has set its Q4 2025 guidance at -0.140-0.020 EPS. Equities analysts expect that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current fiscal year.

Insider Transactions at Ichor

In other Ichor news, Director Iain Mackenzie bought 10,000 shares of Ichor stock in a transaction that occurred on Monday, November 17th. The shares were bought at an average cost of $14.53 per share, with a total value of $145,300.00. Following the transaction, the director directly owned 130,011 shares of the company’s stock, valued at approximately $1,889,059.83. This represents a 8.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ichor

Several hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its position in shares of Ichor by 27.7% in the 1st quarter. Royal Bank of Canada now owns 9,891 shares of the technology company’s stock valued at $224,000 after purchasing an additional 2,146 shares during the last quarter. Cinctive Capital Management LP acquired a new position in Ichor during the 1st quarter valued at approximately $1,356,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Ichor by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company’s stock worth $444,000 after buying an additional 865 shares during the last quarter. S Squared Technology LLC lifted its stake in shares of Ichor by 21.1% during the first quarter. S Squared Technology LLC now owns 278,910 shares of the technology company’s stock worth $6,306,000 after buying an additional 48,566 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of Ichor by 286.0% during the first quarter. Jane Street Group LLC now owns 53,277 shares of the technology company’s stock worth $1,205,000 after buying an additional 39,476 shares during the period. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor Company Profile

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.