Ichor (NASDAQ:ICHR) Rating Lowered to “Hold” at Zacks Research

Ichor (NASDAQ:ICHR) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also commented on ICHR. Oppenheimer boosted their price objective on shares of Ichor from $36.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 5th. B. Riley Financial raised their target price on shares of Ichor from $90.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ichor in a report on Wednesday, June 24th. TD Cowen boosted their price target on Ichor from $80.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, Needham & Company LLC upped their price target on Ichor from $48.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Ichor presently has an average rating of “Moderate Buy” and a consensus target price of $82.29.

Ichor Price Performance

ICHR opened at $95.33 on Tuesday. The company has a current ratio of 2.82, a quick ratio of 1.21 and a debt-to-equity ratio of 0.17. The company has a market cap of $3.32 billion, a price-to-earnings ratio of -64.41 and a beta of 1.78. The stock has a fifty day simple moving average of $84.27 and a two-hundred day simple moving average of $59.84. Ichor has a 12-month low of $13.12 and a 12-month high of $113.58.

Ichor (NASDAQ:ICHR) last released its earnings results on Monday, May 4th. The technology company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The firm had revenue of $256.07 million for the quarter, compared to the consensus estimate of $251.32 million. Ichor had a negative net margin of 5.28% and a negative return on equity of 1.10%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 EPS. Ichor has set its Q2 2026 guidance at 0.250-0.350 EPS. Research analysts predict that Ichor will post 0.97 earnings per share for the current fiscal year.

Insider Transactions at Ichor

In related news, CEO Philip Ryan Sr. Barros sold 13,705 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $70.19, for a total value of $961,953.95. Following the transaction, the chief executive officer owned 165,078 shares in the company, valued at $11,586,824.82. The trade was a 7.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jorge Titinger sold 4,000 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $64.21, for a total transaction of $256,840.00. Following the sale, the director directly owned 12,318 shares in the company, valued at $790,938.78. This trade represents a 24.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 79,447 shares of company stock worth $5,678,621 over the last quarter. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Ichor

Institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc increased its position in shares of Ichor by 100.0% during the second quarter. Versant Capital Management Inc now owns 252 shares of the technology company’s stock valued at $28,000 after acquiring an additional 126 shares in the last quarter. AdvisorNet Financial Inc bought a new position in Ichor in the 1st quarter valued at approximately $37,000. KBC Group NV purchased a new stake in Ichor during the 1st quarter valued at $44,000. Newbridge Financial Services Group Inc. purchased a new stake in Ichor during the 2nd quarter valued at $27,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Ichor during the 4th quarter valued at $26,000. Hedge funds and other institutional investors 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.