Ichor (NASDAQ:ICHR) Stock Moved Up to “Buy” by Wall Street Zen

Wall Street Zen upgraded shares of Ichor (NASDAQ:ICHR) from a hold rating to a buy rating in a research report report published on Saturday,Wall Street Zen reports.

ICHR has been the subject of a number of other reports. Oppenheimer upped their price target on shares of Ichor from $60.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, August 4th. Zacks Research lowered shares of Ichor from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Stifel Nicolaus raised their price target on shares of Ichor from $76.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Freedom Broker assumed coverage on shares of Ichor in a research report on Friday, October 9th. They issued a “buy” rating and a $82.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ichor in a research note on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $85.89.

Ichor Stock Performance

Shares of ICHR stock opened at $42.11 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 3.70. Ichor has a fifty-two week low of $14.06 and a fifty-two week high of $113.58. The stock has a 50 day moving average price of $58.07 and a two-hundred day moving average price of $69.45. The company has a market capitalization of $1.58 billion, a P/E ratio of -35.99 and a beta of 1.79.

Ichor (NASDAQ:ICHR) last released its quarterly earnings data 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. Ichor had a positive return on equity of 0.47% and a negative net margin of 3.97%. The firm had revenue of $294.78 million during the quarter, compared to analyst estimates of $300.17 million. During the same quarter in the prior year, the firm posted $0.03 earnings per share. The business’s quarterly revenue was up 22.7% compared to the same quarter last year. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. Analysts expect that Ichor will post 1.13 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Bruce Ragsdale sold 2,149 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $65.47, for a total transaction of $140,695.03. Following the transaction, the chief operating officer directly owned 88,595 shares of the company’s stock, valued at approximately $5,800,314.65. The trade was a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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. Also, CEO Philip Barros, Jr. sold 1,314 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $61.88, for a total value of $81,310.32. Following the transaction, the chief executive officer owned 161,562 shares of the company’s stock, valued at approximately $9,997,456.56. This represents a 0.81% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 46,740 shares of company stock valued at $2,602,960 in the last 90 days. 1.70% of the stock is owned by corporate insiders.

Institutional Trading of Ichor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Triumph Capital Management bought a new position in Ichor in the 3rd quarter worth $1,274,000. GK Wealth Management LLC purchased a new stake in shares of Ichor in the 3rd quarter worth about $309,000. GAMMA Investing LLC lifted its position in shares of Ichor by 11.5% in the 3rd quarter. GAMMA Investing LLC now owns 2,565 shares of the technology company’s stock worth $159,000 after purchasing an additional 264 shares during the period. Central Pacific Bank Trust Division boosted its stake in shares of Ichor by 16.8% during the 3rd quarter. Central Pacific Bank Trust Division now owns 13,286 shares of the technology company’s stock valued at $822,000 after purchasing an additional 1,914 shares in the last quarter. Finally, Tidal Investments LLC boosted its stake in shares of Ichor by 30.1% during the 2nd quarter. Tidal Investments LLC now owns 12,866 shares of the technology company’s stock valued at $1,445,000 after purchasing an additional 2,978 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

About Ichor

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.