Ichor (NASDAQ:ICHR) Sets New 52-Week High – Should You Buy?

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) reached a new 52-week high on Wednesday . The company traded as high as $79.70 and last traded at $79.96, with a volume of 347024 shares trading hands. The stock had previously closed at $71.60.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ICHR shares. TD Cowen increased their target price on shares of Ichor from $55.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Oppenheimer upped their price target on shares of Ichor from $36.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ichor in a research note on Friday, March 27th. Needham & Company LLC raised their price objective on shares of Ichor from $48.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, Stifel Nicolaus set a $76.00 target price on shares of Ichor in a research note on Friday, May 1st. Six equities research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $64.57.

Ichor Trading Up 16.4%

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.21 and a current ratio of 2.82. The company has a market capitalization of $2.93 billion, a PE ratio of -56.78 and a beta of 1.87. The stock has a fifty day moving average of $66.35 and a 200 day moving average of $44.22.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings data on Monday, May 4th. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Ichor had a negative net margin of 5.28% and a negative return on equity of 1.10%. The business had revenue of $256.07 million during the quarter, compared to analyst estimates of $251.32 million. During the same period last year, the firm posted $0.12 EPS. The company’s revenue was up 4.7% on a year-over-year basis. Ichor has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, sell-side analysts predict that Ichor Holdings, Ltd. will post 0.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Ichor news, Director Jorge Titinger sold 4,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $64.21, for a total value of $256,840.00. Following the sale, the director owned 12,318 shares in the company, valued at $790,938.78. The trade was a 24.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Marc Haugen sold 5,337 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $75.63, for a total value of $403,637.31. Following the transaction, the director owned 10,825 shares of the company’s stock, valued at approximately $818,694.75. The trade was a 33.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 79,447 shares of company stock worth $5,678,621 in the last 90 days. 1.70% of the stock is owned by company insiders.

Institutional Trading of Ichor

A number of large investors have recently added to or reduced their stakes in the company. Invesco Ltd. raised its holdings in shares of Ichor by 141.2% during the 4th quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock worth $55,730,000 after acquiring an additional 1,770,425 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Ichor by 497.2% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,698,239 shares of the technology company’s stock valued at $29,753,000 after purchasing an additional 1,413,870 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Ichor by 1,710.7% in the third quarter. Millennium Management LLC now owns 855,011 shares of the technology company’s stock valued at $14,980,000 after purchasing an additional 807,792 shares in the last quarter. Royce & Associates LP increased its position in Ichor by 48.5% in the fourth quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock worth $26,707,000 after purchasing an additional 473,440 shares during the last quarter. Finally, J. Goldman & Co LP purchased a new stake in Ichor during the fourth quarter valued at $6,663,000. 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.