Ichor (NASDAQ:ICHR) Downgraded by Wall Street Zen to “Hold”

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

A number of other analysts also recently commented on the stock. TD Cowen decreased their price objective on shares of Ichor from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ichor in a report on Wednesday, June 24th. Needham & Company LLC lifted their price target on shares of Ichor from $72.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Stifel Nicolaus boosted their price target on Ichor from $76.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Zacks Research raised Ichor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $87.00.

Ichor Stock Performance

NASDAQ:ICHR opened at $57.35 on Friday. Ichor has a 1 year low of $14.06 and a 1 year high of $113.58. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 3.70. The stock has a fifty day moving average price of $71.55 and a two-hundred day moving average price of $67.92. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of -49.02 and a beta of 1.81.

Ichor (NASDAQ:ICHR) last issued its earnings results on Monday, August 3rd. The technology company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. Ichor had a negative net margin of 3.97% and a positive return on equity of 0.47%. The company had revenue of $294.78 million for the quarter, compared to analyst estimates of $300.17 million. During the same period in the previous year, the firm earned $0.03 EPS. The business’s revenue was up 22.7% on a year-over-year basis. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. As a group, sell-side analysts anticipate that Ichor will post 1.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Iain MacKenzie sold 9,933 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $65.76, for a total value of $653,194.08. Following the completion of the transaction, the director directly owned 122,427 shares in the company, valued at approximately $8,050,799.52. This represents a 7.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Greg Swyt sold 2,068 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $58.02, for a total value of $119,985.36. Following the transaction, the chief financial officer owned 47,832 shares in the company, valued at $2,775,212.64. This trade represents a 4.14% 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. Insiders have sold 23,902 shares of company stock worth $1,404,273 over the last ninety days. Company insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System lifted its holdings in shares of Ichor by 10,835.2% during the 2nd quarter. California State Teachers Retirement System now owns 4,462,232 shares of the technology company’s stock worth $501,019,000 after acquiring an additional 4,421,426 shares during the period. Invesco Ltd. grew its holdings in Ichor by 141.2% in the fourth quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock valued at $55,730,000 after purchasing an additional 1,770,425 shares during the period. Millennium Management LLC grew its holdings in 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 during the period. Royce & Associates LP increased its position in Ichor by 48.5% during 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, Wellington Management Group LLP raised its stake in Ichor by 54.3% during the second 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 during the period. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor Company Profile

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.