Ichor (NASDAQ:ICHR) Stock Rating Cut to “Hold” at Wall Street Zen

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

A number of other brokerages also recently commented on ICHR. Stifel Nicolaus increased their price objective on Ichor from $76.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, July 10th. DA Davidson set a $85.00 target price on Ichor in a report on Wednesday, August 5th. TD Cowen decreased their price target on Ichor from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Needham & Company LLC boosted their price objective on Ichor from $72.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Finally, Zacks Research upgraded shares of Ichor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th. One investment 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 given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Ichor Price Performance

Shares of NASDAQ ICHR opened at $59.76 on Tuesday. Ichor has a twelve month low of $14.06 and a twelve 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 firm has a 50-day moving average of $63.08 and a two-hundred day moving average of $68.71. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of -51.08 and a beta of 1.81.

Ichor (NASDAQ:ICHR) last released its earnings results on Monday, August 3rd. The technology company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $294.78 million for 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 business’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 EPS. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. As a group, analysts expect that Ichor will post 1.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Greg Swyt sold 2,068 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $58.02, for a total value of $119,985.36. Following the completion of the sale, the chief financial officer directly owned 47,832 shares of the company’s stock, valued at $2,775,212.64. This represents a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Bruce Ragsdale sold 10,587 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $51.93, for a total transaction of $549,782.91. Following the sale, the chief operating officer owned 92,324 shares of the company’s stock, valued at approximately $4,794,385.32. This represents a 10.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 43,902 shares of company stock valued at $2,417,473 in the last 90 days. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Ichor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. acquired a new position in shares of Ichor in the second quarter worth $5,165,000. Kennedy Capital Management LLC grew its stake in Ichor by 20.9% in the fourth quarter. Kennedy Capital Management LLC now owns 892,524 shares of the technology company’s stock valued at $16,449,000 after purchasing an additional 154,404 shares in the last quarter. Hsbc Holdings PLC acquired a new position in Ichor in the 4th quarter worth about $1,101,000. Counterpoint Mutual Funds LLC acquired a new position in Ichor in the 1st quarter worth about $892,000. Finally, Wellington Management Group LLP raised its stake in shares of Ichor by 54.3% during the 2nd quarter. Wellington Management Group LLP now owns 1,108,844 shares of the technology company’s stock worth $124,501,000 after purchasing an additional 390,017 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, manufactures and services critical fluid-delivery systems and components used in semiconductor manufacturing equipment. Its products help control and deliver gases and chemicals used in processes such as wafer fabrication, including deposition, etching and cleaning.

The company’s offerings include gas and chemical delivery modules, fluid-management systems, precision-machined components, weldments and related assemblies. Ichor also provides capabilities such as precision machining, welding, electropolishing, cleaning and component testing, allowing it to supply integrated subsystems to semiconductor capital-equipment manufacturers.

Founded in 1999 and headquartered in Fremont, California, Ichor serves a global customer base through engineering and manufacturing operations in North America, Europe and Asia.