Wall Street Zen Upgrades Ichor (NASDAQ:ICHR) to Buy

Ichor (NASDAQ:ICHR) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.

ICHR has been the subject of a number of other reports. Zacks Research cut Ichor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Needham & Company LLC lifted their target price on Ichor from $72.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Freedom Broker began coverage on Ichor in a report on Friday, October 9th. They issued a “buy” rating and a $82.00 target price on the stock. Oppenheimer boosted their target price on Ichor from $60.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a research note on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.89.

Ichor Price Performance

Shares of ICHR 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 firm has a 50-day simple moving average of $58.07 and a 200-day simple moving average of $69.64. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of -35.99 and a beta of 1.79.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Monday, August 3rd. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 positive return on equity of 0.47% and a negative net margin of 3.97%. The business’s revenue was up 22.7% on a year-over-year basis. During the same quarter last year, the company posted $0.03 earnings per share. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. On average, equities research analysts anticipate that Ichor will post 1.13 earnings per share for the current year.

Insider Activity

In related news, Director Iain MacKenzie sold 20,000 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $50.66, for a total transaction of $1,013,200.00. Following the completion of the transaction, the director directly owned 102,427 shares of the company’s stock, valued at $5,188,951.82. This represents a 16.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 10,587 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $51.93, for a total transaction of $549,782.91. Following the transaction, the chief operating officer directly owned 92,324 shares of the company’s stock, valued at $4,794,385.32. This represents a 10.29% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 46,740 shares of company stock valued at $2,602,960. 1.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Ichor

Several institutional investors and hedge funds have recently added to or reduced their stakes in ICHR. Versant Capital Management Inc boosted its stake in shares of Ichor by 100.0% in the second quarter. Versant Capital Management Inc now owns 252 shares of the technology company’s stock valued at $28,000 after buying an additional 126 shares in the last quarter. AdvisorNet Financial Inc purchased a new position in Ichor in the first quarter worth $37,000. KBC Group NV purchased a new position in Ichor in the first quarter worth $44,000. Integrated Wealth Concepts LLC purchased a new position in Ichor in the second quarter worth $45,000. Finally, Allworth Financial LP lifted its holdings in Ichor by 125.1% in the second quarter. Allworth Financial LP now owns 421 shares of the technology company’s stock valued at $47,000 after acquiring an additional 234 shares during the period. Institutional investors and hedge funds 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.