Ichor (NASDAQ:ICHR) Stock Rating Upgraded by Zacks Research

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

A number of other brokerages also recently issued reports on ICHR. Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a research note on Wednesday, June 24th. DA Davidson set a $85.00 target price on Ichor in a research note on Wednesday, August 5th. TD Cowen cut their price target on shares of Ichor from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Oppenheimer increased their price target on shares of Ichor from $60.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday, August 4th. Finally, Needham & Company LLC raised their price objective on shares of Ichor from $72.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Ichor Price Performance

Shares of NASDAQ ICHR opened at $58.87 on Wednesday. Ichor has a twelve month low of $14.06 and a twelve month high of $113.58. The stock’s 50 day moving average price is $84.48 and its 200-day moving average price is $66.23. The company has a market capitalization of $2.20 billion, a PE ratio of -50.32 and a beta of 1.82. 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 released its 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. The company had revenue of $294.78 million during the quarter, compared to analyst estimates of $300.17 million. Ichor had a positive return on equity of 0.47% and a negative net margin of 3.97%.Ichor’s quarterly revenue was up 22.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 earnings per share. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. On average, equities analysts anticipate that Ichor will post 1.13 EPS for the current year.

Insider Transactions at Ichor

In other news, CFO Greg Swyt sold 6,820 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $66.81, for a total transaction of $455,644.20. Following the transaction, the chief financial officer owned 53,070 shares of the company’s stock, valued at $3,545,606.70. This represents a 11.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Iain Mackenzie sold 9,933 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $65.76, for a total value of $653,194.08. Following the transaction, the director owned 122,427 shares of the company’s stock, valued at $8,050,799.52. The trade was a 7.50% 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 ninety days, insiders sold 71,434 shares of company stock valued at $5,037,101. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Ichor

Several institutional investors have recently added to or reduced their stakes in the business. Teza Capital Management LLC bought a new position in Ichor during the second quarter worth about $476,000. Wellington Management Group LLP raised its position in shares of Ichor by 54.3% in the second quarter. Wellington Management Group LLP now owns 1,108,844 shares of the technology company’s stock valued at $124,501,000 after purchasing an additional 390,017 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of Ichor in the second quarter valued at approximately $114,000. Assenagon Asset Management S.A. purchased a new stake in shares of Ichor during the 2nd quarter valued at approximately $5,165,000. Finally, Versant Capital Management Inc lifted its stake in shares of Ichor by 100.0% during the 2nd quarter. Versant Capital Management Inc now owns 252 shares of the technology company’s stock valued at $28,000 after buying an additional 126 shares in the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

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.