Ichor (NASDAQ:ICHR) Raised to Strong-Buy at Zacks Research

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

ICHR has been the subject of a number of other reports. B. Riley Financial decreased their target price on Ichor from $125.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Needham & Company LLC raised their price objective on Ichor from $72.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Stifel Nicolaus boosted their price objective on Ichor from $76.00 to $115.00 and gave the company a “buy” rating in a report on Friday, July 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ichor in a research report on Wednesday, June 24th. Finally, Oppenheimer increased their target price on Ichor from $60.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Ichor Trading Down 3.8%

NASDAQ:ICHR opened at $58.87 on Wednesday. Ichor has a 12 month low of $14.06 and a 12 month high of $113.58. 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 stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of -50.32 and a beta of 1.82. The firm has a fifty day simple moving average of $84.48 and a two-hundred day simple moving average of $66.23.

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

Insider Buying and Selling at Ichor

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 value of $653,194.08. Following the transaction, the director 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Philip Ryan Sr. Barros sold 1,314 shares of Ichor stock in a transaction dated 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 $9,997,456.56. This trade represents a 0.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last 90 days, insiders have sold 71,434 shares of company stock worth $5,037,101. 1.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Royal Bank of Canada grew its holdings in Ichor by 27.7% during the first quarter. Royal Bank of Canada now owns 9,891 shares of the technology company’s stock worth $224,000 after buying an additional 2,146 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Ichor by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company’s stock valued at $444,000 after acquiring an additional 865 shares in the last quarter. Jane Street Group LLC lifted its stake in Ichor by 286.0% during the 1st quarter. Jane Street Group LLC now owns 53,277 shares of the technology company’s stock valued at $1,205,000 after acquiring an additional 39,476 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in Ichor by 75.9% during the 2nd quarter. Gamco Investors INC. ET AL now owns 24,100 shares of the technology company’s stock worth $473,000 after acquiring an additional 10,400 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in Ichor by 243.1% during the 2nd quarter. Federated Hermes Inc. now owns 107,629 shares of the technology company’s stock worth $2,114,000 after acquiring an additional 76,257 shares during 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.