Ichor (NASDAQ:ICHR) Now Covered by Analysts at Freedom Broker

Key Points

• Freedom Broker initiated coverage of Ichor with a “buy” rating and an $82 price target, implying approximately 37.6% upside from the reported $59.57 share price. MarketBeat’s overall analyst consensus is “Moderate Buy,” with an average target of $85.89.
• Ichor’s latest quarterly results exceeded expectations on earnings, reporting $0.34 EPS versus a $0.31 consensus estimate, while revenue rose 22.7% year over year to $294.78 million but came in below forecasts.
• The stock gained 1.3% in Friday trading, though insiders have sold 46,740 shares worth about $2.6 million over the past three months. Institutional investors continue to hold a substantial 94.81% of the company’s shares.

Investment analysts at Freedom Broker began coverage on shares of Ichor (NASDAQ:ICHR - Get Free Report) in a research report issued to clients and investors on Friday, Benzinga reports. The firm set a "buy" rating and a $82.00 price target on the technology company's stock. Freedom Broker's target price points to a potential upside of 37.64% from the company's current price.

Other equities research analysts have also issued research reports about the company. Zacks Research lowered Ichor from a "strong-buy" rating to a "hold" rating in a research note on Monday. TD Cowen decreased their price objective on shares of Ichor from $115.00 to $100.00 and set a "buy" rating for the company in a research report on Tuesday, August 4th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Ichor in a report on Monday, September 21st. Stifel Nicolaus lifted their price objective on shares of Ichor from $76.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. Finally, B. Riley Financial lowered their price objective on shares of Ichor from $125.00 to $105.00 and set a "buy" rating for the company in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Ichor presently has an average rating of "Moderate Buy" and an average target price of $85.89.

Ichor Trading Up 1.3%

ICHR stock traded up $0.74 during midday trading on Friday, reaching $59.57. The company's stock had a trading volume of 213,028 shares, compared to its average volume of 970,757. Ichor has a 1 year low of $14.06 and a 1 year high of $113.58. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of -50.73 and a beta of 1.79. The stock has a fifty day simple moving average of $60.54 and a two-hundred day simple moving average of $69.51. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 3.70.

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 (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. The company 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%.Ichor's revenue was up 22.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 earnings per share. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. On average, equities research analysts predict that Ichor will post 1.13 EPS for the current year.

Insider Activity at Ichor

In other Ichor news, Director Iain MacKenzie sold 20,000 shares of the firm's stock in a transaction 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 transaction, the director owned 102,427 shares in the company, valued at approximately $5,188,951.82. This trade represents a 16.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Bruce Ragsdale sold 10,587 shares of the business's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $51.93, for a total transaction of $549,782.91. Following the transaction, the chief operating officer owned 92,324 shares in the company, valued at $4,794,385.32. The trade was a 10.29% 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. In the last three months, insiders sold 46,740 shares of company stock valued at $2,602,960. 1.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ICHR. Versant Capital Management Inc increased its stake in shares of Ichor by 100.0% during the second quarter. Versant Capital Management Inc now owns 252 shares of the technology company's stock worth $28,000 after buying an additional 126 shares during the period. Allworth Financial LP increased its position in shares of Ichor by 125.1% in the 2nd quarter. Allworth Financial LP now owns 421 shares of the technology company's stock valued at $47,000 after purchasing an additional 234 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Ichor by 11.5% in the 3rd quarter. GAMMA Investing LLC now owns 2,565 shares of the technology company's stock valued at $159,000 after purchasing an additional 264 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Ichor in the 2nd quarter valued at $45,000. Finally, AdvisorNet Financial Inc purchased a new stake in shares of Ichor during the 1st quarter worth $37,000. Hedge funds and other institutional investors own 94.81% of the company's stock.

About Ichor

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.