Ichor (NASDAQ:ICHR) Upgraded at Wall Street Zen

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

Several other research analysts have also recently weighed in on the stock. DA Davidson upgraded shares of Ichor to a “strong-buy” rating in a research report on Monday, October 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ichor in a research note on Monday, September 21st. Oppenheimer raised their target price on shares of Ichor from $60.00 to $80.00 and gave the company a “market perform” rating in a research note on Tuesday, August 4th. Needham & Company LLC lifted their target price 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. Finally, Zacks Research cut shares of Ichor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.89.

Ichor Price Performance

Ichor stock opened at $43.92 on Friday. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 467.89 and a beta of 1.79. The company has a quick ratio of 2.07, a current ratio of 3.70 and a debt-to-equity ratio of 0.13. The business has a 50-day simple moving average of $57.65 and a 200 day simple moving average of $69.63. Ichor has a 52 week low of $14.06 and a 52 week high of $113.58.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Monday, August 3rd. The technology company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. Ichor had a positive return on equity of 0.47% and a negative net margin of 3.97%. The firm had revenue of $294.78 million for the quarter, compared to analysts’ expectations of $300.17 million. During the same quarter last year, the firm posted $0.03 EPS. The company’s revenue was up 22.7% compared to the same quarter last year. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. On average, research analysts forecast that Ichor will post 1.13 earnings per share for the current fiscal year.

Insider Transactions at Ichor

In other Ichor news, CFO Greg Swyt sold 689 shares of Ichor stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $65.01, for a total transaction of $44,791.89. Following the completion of the sale, the chief financial officer owned 47,143 shares of the company’s stock, valued at $3,064,766.43. The trade was a 1.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Iain MacKenzie sold 20,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $50.66, for a total value of $1,013,200.00. Following the completion of the transaction, the director owned 102,427 shares of the company’s stock, valued at $5,188,951.82. The trade was a 16.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 46,740 shares of company stock worth $2,602,960. 1.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ichor

A number of large investors have recently modified their holdings of the company. Wellington Management Group LLP grew its stake in shares of Ichor by 54.3% during the second quarter. Wellington Management Group LLP now owns 1,108,844 shares of the technology company’s stock valued at $124,501,000 after buying an additional 390,017 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Ichor by 2.1% in the first quarter. Principal Financial Group Inc. now owns 167,350 shares of the technology company’s stock worth $7,800,000 after buying an additional 3,494 shares during the period. Sei Investments Co. increased its holdings in shares of Ichor by 61.7% in the first quarter. Sei Investments Co. now owns 113,531 shares of the technology company’s stock worth $5,292,000 after buying an additional 43,320 shares during the period. 1492 Capital Management LLC bought a new stake in shares of Ichor in the 1st quarter valued at about $2,919,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Ichor in the 4th quarter valued at about $1,101,000. 94.81% of the stock is owned by hedge funds and other institutional investors.

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.