Ichor (NASDAQ:ICHR) Price Target Raised to $88.00

Ichor (NASDAQ:ICHR) had its price target lifted by Needham & Company LLC from $72.00 to $88.00 in a report issued on Tuesday, MarketBeat reports. Needham & Company LLC currently has a buy rating on the technology company’s stock.

Other analysts also recently issued research reports about the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a report on Wednesday, June 24th. B. Riley Financial raised their price target on shares of Ichor from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. TD Cowen upped their price objective on Ichor from $80.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Oppenheimer increased their price objective on Ichor from $36.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, May 5th. Finally, Zacks Research downgraded Ichor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ichor presently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Ichor Stock Down 0.4%

ICHR stock opened at $65.33 on Tuesday. The stock’s fifty day simple moving average is $85.43 and its two-hundred day simple moving average is $63.72. The company has a current ratio of 3.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.13. Ichor has a 1-year low of $14.06 and a 1-year high of $113.58. The stock has a market cap of $2.45 billion, a P/E ratio of -55.84 and a beta of 1.82.

Ichor (NASDAQ:ICHR) last announced its earnings results on Monday, August 3rd. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm had revenue of $294.78 million during 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% compared to the same quarter last year. During the same period last year, the firm posted $0.03 EPS. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. Analysts expect that Ichor will post 0.99 EPS for the current year.

Insider Transactions at Ichor

In related news, Director Jorge Titinger sold 4,000 shares of Ichor stock in a transaction that occurred 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 completion of the transaction, the director directly owned 12,318 shares in the company, valued at approximately $790,938.78. The trade was a 24.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Marc Haugen sold 5,337 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $75.63, for a total transaction of $403,637.31. Following the sale, the director directly owned 10,825 shares in the company, valued at $818,694.75. The trade was a 33.02% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 69,524 shares of company stock valued at $4,963,074. 1.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ichor

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Ichor by 4.7% during the 4th quarter. Vanguard Group Inc. now owns 3,333,902 shares of the technology company’s stock worth $61,444,000 after purchasing an additional 148,993 shares in the last quarter. Invesco Ltd. boosted its stake in Ichor by 141.2% in the 4th quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock worth $55,730,000 after purchasing an additional 1,770,425 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Ichor by 15.3% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,957,656 shares of the technology company’s stock valued at $36,080,000 after buying an additional 259,417 shares in the last quarter. Royce & Associates LP grew its holdings in Ichor by 48.5% during the 4th quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock valued at $26,707,000 after buying an additional 473,440 shares in the last quarter. Finally, State Street Corp increased its position in shares of Ichor by 0.9% during the fourth quarter. State Street Corp now owns 1,285,419 shares of the technology company’s stock valued at $23,690,000 after buying an additional 11,645 shares during the period. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

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.