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

Ichor (NASDAQ:ICHR) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other analysts have also recently issued research reports about the stock. DA Davidson set a $85.00 target price on shares of Ichor in a research note on Wednesday, August 5th. B. Riley Financial decreased their price target on shares of Ichor from $125.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Stifel Nicolaus increased their price target on shares of Ichor from $76.00 to $115.00 and gave the company a “buy” rating in a report on Friday, July 10th. Zacks Research upgraded shares of Ichor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 19th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $87.00.

Ichor Price Performance

ICHR stock opened at $56.38 on Friday. Ichor has a 1-year low of $14.06 and a 1-year high of $113.58. The business’s 50 day simple moving average is $76.36 and its 200 day simple moving average is $67.63. 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 firm has a market capitalization of $2.11 billion, a PE ratio of -48.19 and a beta of 1.81.

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

Insider Activity

In related news, Director Iain MacKenzie sold 9,933 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $65.76, for a total transaction of $653,194.08. Following the transaction, the director directly owned 122,427 shares of the company’s stock, valued at approximately $8,050,799.52. This trade represents a 7.50% decrease in their ownership of the stock. The transaction 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. Also, COO Bruce Ragsdale sold 10,587 shares of Ichor stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $51.93, for a total transaction of $549,782.91. Following the completion of the sale, the chief operating officer owned 92,324 shares of the company’s stock, valued at $4,794,385.32. This trade represents a 10.29% decrease in their position. 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 90 days, insiders sold 21,834 shares of company stock valued at $1,284,287. 1.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ichor

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allianz Asset Management GmbH bought a new stake in shares of Ichor in the second quarter valued at approximately $2,582,000. Corient Private Wealth LP bought a new position in Ichor during the 2nd quarter worth $268,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Ichor in the 2nd quarter valued at $247,000. California State Teachers Retirement System raised its holdings in Ichor by 10,835.2% in the 2nd quarter. California State Teachers Retirement System now owns 4,462,232 shares of the technology company’s stock valued at $501,019,000 after acquiring an additional 4,421,426 shares in the last quarter. Finally, Teza Capital Management LLC bought a new stake in shares of Ichor during the 2nd quarter valued at $476,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.

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.