Ichor (NASDAQ:ICHR) Upgraded to “Strong-Buy” at DA Davidson

DA Davidson upgraded shares of Ichor (NASDAQ:ICHR) to a strong-buy rating in a research report released on Monday,Zacks reports.

Other analysts have also issued reports about the company. Zacks Research upgraded Ichor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. Needham & Company LLC increased their price target on Ichor from $72.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. TD Cowen decreased their price objective on Ichor from $115.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. B. Riley Financial lowered their price objective on Ichor from $125.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Finally, Wall Street Zen cut Ichor from a “buy” rating to a “hold” rating in a research note on Tuesday, September 29th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Ichor Stock Up 0.7%

ICHR opened at $63.33 on Monday. The company has a quick ratio of 2.07, a current ratio of 3.70 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of -54.13 and a beta of 1.79. 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 $61.00 and its two-hundred day moving average price is $69.25.

Ichor (NASDAQ:ICHR) last released its earnings results on Monday, August 3rd. The technology company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The firm had revenue of $294.78 million during the quarter, compared to the consensus estimate of $300.17 million. Ichor had a negative net margin of 3.97% and a positive return on equity of 0.47%. The company’s revenue was up 22.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.03 EPS. 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 Buying and Selling

In other Ichor news, Director Iain MacKenzie sold 20,000 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $50.66, for a total transaction of $1,013,200.00. Following the sale, the director owned 102,427 shares in the company, valued at $5,188,951.82. This represents a 16.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Bruce Ragsdale sold 2,149 shares of the firm’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $65.47, for a total value of $140,695.03. Following the completion of the transaction, the chief operating officer directly owned 88,595 shares of the company’s stock, valued at $5,800,314.65. The trade was a 2.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 46,740 shares of company stock worth $2,602,960. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. bought a new stake in Ichor during the 2nd quarter worth approximately $5,165,000. Kennedy Capital Management LLC raised its position in shares of Ichor by 20.9% in the fourth quarter. Kennedy Capital Management LLC now owns 892,524 shares of the technology company’s stock worth $16,449,000 after buying an additional 154,404 shares in the last quarter. Wellington Management Group LLP boosted its stake in Ichor by 54.3% during 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 buying an additional 390,017 shares during the period. Hsbc Holdings PLC purchased a new position in Ichor during the fourth quarter worth about $1,101,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in Ichor during the first quarter worth about $892,000. Institutional investors own 94.81% of the company’s stock.

Ichor Company Profile

Ichor Holdings, Ltd. (NASDAQ: ICHR) designs, engineers and manufactures critical fluid-delivery subsystems and components used in semiconductor manufacturing equipment. Its products help deliver, control and distribute gases and chemicals used in wafer fabrication processes.

The company’s offerings include gas and chemical delivery systems, precision-machined components, weldments, assemblies and other specialized components for semiconductor capital equipment. Ichor primarily serves original equipment manufacturers and other customers involved in the production of semiconductor devices.

Founded in 1999, Ichor is headquartered in Fremont, California, and operates manufacturing and engineering facilities across several regions, including North America, Europe and Asia.