Brokerages Set Ichor Holdings, Ltd. (NASDAQ:ICHR) Target Price at $87.00

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have earned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $87.00.

Several equities analysts have recently weighed in on ICHR shares. TD Cowen cut their price objective on Ichor from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ichor in a research note on Wednesday, June 24th. Wall Street Zen upgraded Ichor from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research raised Ichor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 19th. Finally, DA Davidson set a $85.00 target price on shares of Ichor in a research report on Wednesday, August 5th.

Ichor Trading Up 3.2%

NASDAQ ICHR opened at $58.17 on Friday. Ichor has a 12 month low of $14.06 and a 12 month high of $113.58. The stock has a 50-day simple moving average of $74.29 and a 200 day simple moving average of $67.77. The company has a current ratio of 3.70, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $2.18 billion, a PE ratio of -49.72 and a beta of 1.81.

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

Insider Buying and Selling

In other Ichor news, COO Bruce Ragsdale sold 10,587 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $51.93, for a total value of $549,782.91. Following the completion of the sale, the chief operating officer owned 92,324 shares in the company, valued at $4,794,385.32. This trade represents a 10.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Greg Swyt sold 2,068 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $58.02, for a total transaction of $119,985.36. Following the completion of the sale, the chief financial officer owned 47,832 shares of the company’s stock, 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. Over the last three months, insiders sold 23,902 shares of company stock valued at $1,404,273. 1.70% of the stock is currently owned by company insiders.

Institutional Trading of Ichor

A number of hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System increased 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 last quarter. Invesco Ltd. increased its holdings in shares of 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 last quarter. Millennium Management LLC raised its position 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 during the period. Royce & Associates LP lifted its stake in shares of Ichor by 48.5% during the 4th quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock worth $26,707,000 after buying an additional 473,440 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Ichor by 54.3% during the 2nd quarter. Wellington Management Group LLP now owns 1,108,844 shares of the technology company’s stock worth $124,501,000 after buying an additional 390,017 shares during the period. 94.81% of the stock is owned by institutional investors and hedge funds.

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.