Zacks Research Downgrades Ichor (NASDAQ:ICHR) to Hold

Ichor (NASDAQ:ICHR) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday, Zacks reports.

A number of other equities analysts have also commented on ICHR. Needham & Company LLC raised their price target on shares of Ichor from $72.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. DA Davidson upgraded Ichor to a “strong-buy” rating in a research note on Monday. Wall Street Zen cut Ichor from a “buy” rating to a “hold” rating in a report on Tuesday, September 29th. Oppenheimer raised their price target on Ichor from $60.00 to $80.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 4th. Finally, TD Cowen reduced their price objective on shares of Ichor from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Ichor has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Ichor Stock Down 1.4%

Ichor stock opened at $62.44 on Monday. The company’s 50-day moving average price is $60.89 and its two-hundred day moving average price is $69.36. 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 stock has a market cap of $2.34 billion, a P/E ratio of -53.37 and a beta of 1.79. Ichor has a twelve month low of $14.06 and a twelve month high of $113.58.

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

Insider Activity at Ichor

In other Ichor news, CEO Philip Barros, Jr. sold 1,314 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $61.88, for a total value of $81,310.32. Following the sale, the chief executive officer owned 161,562 shares in the company, valued at $9,997,456.56. This trade represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Greg Swyt sold 2,068 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $58.02, for a total transaction of $119,985.36. Following the sale, the chief financial officer directly owned 47,832 shares in the company, valued at approximately $2,775,212.64. The trade was a 4.14% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 46,740 shares of company stock valued at $2,602,960 in the last quarter. 1.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ichor

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