Ichor (NASDAQ:ICHR) Price Target Raised to $60.00

Ichor (NASDAQ:ICHR) had its price target boosted by Oppenheimer from $36.00 to $60.00 in a research report released on Tuesday,Benzinga reports. Oppenheimer currently has a market perform rating on the technology company’s stock.

Several other research firms have also recently commented on ICHR. Needham & Company LLC raised their target price on shares of Ichor from $48.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday. Craig Hallum reiterated a “buy” rating and set a $36.00 price target on shares of Ichor in a research note on Wednesday, January 14th. TD Cowen increased their price target on shares of Ichor from $55.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ichor in a report on Friday, March 27th. Finally, Stifel Nicolaus set a $76.00 target price on Ichor in a research report on Friday, May 1st. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.57.

Ichor Trading Down 1.8%

Shares of ICHR stock opened at $71.23 on Tuesday. The company has a market capitalization of $2.48 billion, a P/E ratio of -48.13 and a beta of 1.87. The company has a current ratio of 2.82, a quick ratio of 1.38 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $53.74 and its two-hundred day moving average is $34.92. Ichor has a twelve month low of $13.12 and a twelve month high of $72.87.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Monday, May 4th. The technology company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. Ichor had a negative return on equity of 1.10% and a negative net margin of 5.28%.The business had revenue of $256.07 million during the quarter, compared to analysts’ expectations of $251.32 million. During the same quarter in the prior year, the business earned $0.12 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Ichor has set its Q2 2026 guidance at 0.250-0.350 EPS. Equities analysts forecast that Ichor will post 0.73 EPS for the current year.

Insiders Place Their Bets

In related news, COO Bruce Ragsdale sold 21,276 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $49.66, for a total transaction of $1,056,566.16. Following the sale, the chief operating officer owned 97,661 shares of the company’s stock, valued at approximately $4,849,845.26. The trade was a 17.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Philip Ryan Sr. Barros sold 21,000 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $46.63, for a total transaction of $979,230.00. Following the transaction, the chief executive officer owned 153,936 shares in the company, valued at $7,178,035.68. The trade was a 12.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 120,259 shares of company stock worth $5,689,250. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Ichor

Several institutional investors have recently modified their holdings of the company. Linden Thomas Advisory Services LLC grew its holdings in shares of Ichor by 0.8% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 50,702 shares of the technology company’s stock worth $934,000 after acquiring an additional 398 shares during the period. Hantz Financial Services Inc. raised its holdings in Ichor by 64.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company’s stock worth $28,000 after purchasing an additional 590 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Ichor by 5.7% during the second quarter. The Manufacturers Life Insurance Company now owns 12,447 shares of the technology company’s stock worth $244,000 after purchasing an additional 666 shares during the last quarter. AdvisorNet Financial Inc purchased a new stake in Ichor during the first quarter worth $37,000. Finally, AQR Capital Management LLC boosted its position in Ichor by 0.6% during the fourth quarter. AQR Capital Management LLC now owns 134,194 shares of the technology company’s stock worth $2,473,000 after purchasing an additional 817 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

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.