Ichor (NASDAQ:ICHR) Reaches New 12-Month High – Still a Buy?

Ichor Holdings, Ltd. (NASDAQ:ICHR) hit a new 52-week high on Tuesday . The company traded as high as $105.60 and last traded at $105.46, with a volume of 1090149 shares changing hands. The stock had previously closed at $94.00.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ICHR shares. Needham & Company LLC upped their price target on Ichor from $48.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. B. Riley Financial boosted their target price on Ichor from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a research note on Wednesday, June 24th. Oppenheimer raised their price target on shares of Ichor from $36.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, May 5th. Finally, TD Cowen lifted their price target on shares of Ichor from $55.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $71.71.

Ichor Trading Down 0.5%

The company has a quick ratio of 1.21, a current ratio of 2.82 and a debt-to-equity ratio of 0.17. The stock has a fifty day simple moving average of $77.56 and a 200 day simple moving average of $52.03. The firm has a market capitalization of $3.90 billion, a P/E ratio of -75.52 and a beta of 1.77.

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

Insider Buying and Selling

In related news, CFO Greg Swyt sold 6,820 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $66.81, for a total transaction of $455,644.20. Following the sale, the chief financial officer owned 53,070 shares in the company, valued at approximately $3,545,606.70. This represents a 11.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Laura A. Black sold 20,000 shares of Ichor stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $75.02, for a total transaction of $1,500,400.00. Following the transaction, the director directly owned 20,462 shares of the company’s stock, valued at approximately $1,535,059.24. This represents a 49.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 79,447 shares of company stock valued at $5,678,621 in the last three months. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of Ichor

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