Ichor (NASDAQ:ICHR) Cut to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Ichor to “Hold” from “Buy,” although the broader analyst consensus remains “Moderate Buy” with an average price target of $87.
• Ichor’s latest quarterly results exceeded earnings expectations, reporting $0.34 EPS versus the $0.31 consensus, while revenue rose 22.7% year over year to $294.78 million but fell short of estimates.
• The stock opened at $57.35, well below its 52-week high of $113.58. Insiders sold shares valued at about $1.4 million over the past three months, while institutional investors own 94.81% of the company.

Ichor (NASDAQ:ICHR - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.

Several other research analysts also recently commented on the company. TD Cowen decreased 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. DA Davidson set a $85.00 target price on Ichor in a report on Wednesday, August 5th. Weiss Ratings restated a "sell (d-)" rating on shares of Ichor in a research report on Wednesday, June 24th. Needham & Company LLC lifted their price target on Ichor from $72.00 to $88.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Finally, Zacks Research upgraded Ichor from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $87.00.

Ichor Trading Up 2.8%

NASDAQ ICHR opened at $57.35 on Friday. The stock has a market capitalization of $2.15 billion, a P/E ratio of -49.02 and a beta of 1.81. Ichor has a one year low of $14.06 and a one year high of $113.58. The business has a 50 day simple moving average of $71.55 and a 200 day simple moving average of $67.80. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.70 and a quick ratio of 2.07.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The technology company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. Ichor had a negative net margin of 3.97% and a positive return on equity of 0.47%. The firm had revenue of $294.78 million during the quarter, compared to analyst estimates of $300.17 million. During the same period in the previous year, the business posted $0.03 EPS. The business's quarterly revenue was up 22.7% on a year-over-year basis. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. Research analysts expect that Ichor will post 1.13 earnings per share for the current year.

Insider Activity

In other news, CFO Greg Swyt sold 2,068 shares of the 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 directly owned 47,832 shares in the company, valued at approximately $2,775,212.64. This represents a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Philip Barros, Jr. sold 1,314 shares of the firm's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $61.88, for a total value of $81,310.32. Following the completion of the sale, the chief executive officer directly owned 161,562 shares in the company, valued at $9,997,456.56. The trade was a 0.81% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In 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 insiders.

Institutional Investors Weigh In On Ichor

A number of large investors have recently made changes to their positions in the business. Royal Bank of Canada increased its stake in shares of Ichor by 27.7% during the first quarter. Royal Bank of Canada now owns 9,891 shares of the technology company's stock valued at $224,000 after buying an additional 2,146 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Ichor by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company's stock valued at $444,000 after acquiring an additional 865 shares in the last quarter. Jane Street Group LLC lifted its stake in Ichor by 286.0% in the first quarter. Jane Street Group LLC now owns 53,277 shares of the technology company's stock worth $1,205,000 after acquiring an additional 39,476 shares during the period. Gamco Investors INC. ET AL lifted its stake in Ichor by 75.9% in the second quarter. Gamco Investors INC. ET AL now owns 24,100 shares of the technology company's stock worth $473,000 after acquiring an additional 10,400 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in Ichor by 243.1% in the second quarter. Federated Hermes Inc. now owns 107,629 shares of the technology company's stock valued at $2,114,000 after acquiring an additional 76,257 shares in the last quarter. 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.

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