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 note issued to investors on Monday,Wall Street Zen reports.

ICHR has been the topic of several other reports. Zacks Research upgraded Ichor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 19th. DA Davidson set a $85.00 price objective on Ichor in a research report on Wednesday, August 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ichor in a research report on Wednesday, June 24th. Oppenheimer increased their price objective on Ichor from $60.00 to $80.00 and gave the company a “market perform” rating in a research note on Tuesday, August 4th. Finally, B. Riley Financial cut their target price on shares of Ichor from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Ichor currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Ichor Stock Performance

Ichor stock opened at $58.40 on Monday. 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 company has a market capitalization of $2.19 billion, a PE ratio of -49.91 and a beta of 1.81. The firm has a fifty day simple moving average of $65.33 and a two-hundred day simple moving average of $68.26. Ichor has a twelve month low of $14.06 and a twelve month high of $113.58.

Ichor (NASDAQ:ICHR) last posted its quarterly 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 business had revenue of $294.78 million during the quarter, compared to analyst estimates of $300.17 million. Ichor had a negative net margin of 3.97% and a positive return on equity of 0.47%. The company’s revenue was up 22.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 earnings per share. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. Research analysts expect that Ichor will post 1.13 EPS for the current year.

Insider Activity at Ichor

In other Ichor news, COO Bruce Ragsdale sold 10,587 shares of Ichor stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $51.93, for a total transaction of $549,782.91. Following the sale, the chief operating officer directly owned 92,324 shares of the company’s stock, valued at approximately $4,794,385.32. The trade was a 10.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Iain MacKenzie sold 20,000 shares of the stock in a transaction that occurred on 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 directly owned 102,427 shares of the company’s stock, valued at $5,188,951.82. This represents a 16.34% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 43,902 shares of company stock worth $2,417,473 over the last ninety days. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Ichor

Several hedge funds have recently made changes to their positions in ICHR. Versant Capital Management Inc raised its holdings in Ichor by 100.0% in the second quarter. Versant Capital Management Inc now owns 252 shares of the technology company’s stock worth $28,000 after purchasing an additional 126 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Ichor in the 2nd quarter worth about $45,000. Allworth Financial LP increased its stake in shares of Ichor by 125.1% in the 2nd quarter. Allworth Financial LP now owns 421 shares of the technology company’s stock worth $47,000 after acquiring an additional 234 shares in the last quarter. AdvisorNet Financial Inc purchased a new position in Ichor during the 1st quarter valued at about $37,000. Finally, KBC Group NV bought a new stake in Ichor during the first quarter worth about $44,000. 94.81% of the stock is currently owned by institutional investors.

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.