Ichor (NASDAQ:ICHR) Trading Up 7% – What’s Next?

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) traded up 7% during mid-day trading on Thursday . The company traded as high as $33.29 and last traded at $33.0550. 670,602 shares were traded during trading, a decline of 32% from the average session volume of 991,987 shares. The stock had previously closed at $30.88.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ICHR shares. B. Riley raised their price objective on Ichor from $19.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, January 21st. Needham & Company LLC raised Ichor from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Tuesday, January 20th. DA Davidson cut their price target on Ichor from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, November 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ichor in a research note on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Ichor from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Ichor currently has a consensus rating of “Hold” and an average price target of $30.14.

Ichor Price Performance

The company has a 50 day moving average of $21.29 and a 200 day moving average of $19.67. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of -27.91 and a beta of 1.83. The company has a quick ratio of 1.33, a current ratio of 3.08 and a debt-to-equity ratio of 0.17.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings results on Monday, November 3rd. The technology company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.05). Ichor had a negative net margin of 4.26% and a negative return on equity of 0.96%. The business had revenue of $239.30 million during the quarter, compared to analysts’ expectations of $235.14 million. During the same quarter last year, the firm earned $0.12 EPS. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. Ichor has set its Q4 2025 guidance at -0.140-0.020 EPS. As a group, equities research analysts forecast that Ichor Holdings, Ltd. will post 1.01 EPS for the current fiscal year.

Insider Buying and Selling at Ichor

In related news, Director Iain Mackenzie purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was acquired at an average price of $14.53 per share, for a total transaction of $145,300.00. Following the completion of the purchase, the director owned 130,011 shares in the company, valued at approximately $1,889,059.83. This represents a 8.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Ichor

A number of hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in shares of Ichor by 99,483.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 5,975 shares of the technology company’s stock worth $117,000 after buying an additional 5,969 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Ichor by 47.6% during the second quarter. JPMorgan Chase & Co. now owns 699,511 shares of the technology company’s stock worth $13,738,000 after acquiring an additional 225,738 shares during the period. Bank of New York Mellon Corp lifted its holdings in Ichor by 143.9% in the second quarter. Bank of New York Mellon Corp now owns 515,638 shares of the technology company’s stock worth $10,127,000 after acquiring an additional 304,228 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Ichor in the second quarter valued at approximately $924,000. Finally, Rice Hall James & Associates LLC bought a new position in shares of Ichor during the third quarter valued at approximately $3,877,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Ichor Company Profile

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.