Ichor (NASDAQ:ICHR) Raised to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Ichor from “hold” to “buy,” contributing to a consensus “Moderate Buy” rating and an average analyst price target of $87.
• Ichor’s latest quarterly results exceeded expectations on earnings, with EPS of $0.34 versus the $0.31 consensus estimate, while revenue rose 22.7% year over year to $294.78 million.
• The stock opened at $56.38, well below its 52-week high of $113.58. Insiders have sold $1.74 million of shares over the past 90 days, while institutional investors own 94.81% of the company.

Ichor (NASDAQ:ICHR - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other equities research analysts have also issued reports on ICHR. TD Cowen dropped their price objective on shares of Ichor from $115.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. Stifel Nicolaus lifted their target price 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. Oppenheimer boosted their target price on shares of Ichor from $60.00 to $80.00 and gave the company a "market perform" rating in a report on Tuesday, August 4th. DA Davidson set a $85.00 price target on shares of Ichor in a research note on Wednesday, August 5th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Ichor in a report on Wednesday, June 24th. 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $87.00.

Ichor Stock Performance

Shares of Ichor stock opened at $56.38 on Friday. The business's 50 day moving average price is $76.36 and its 200 day moving average price is $67.48. The company has a market cap of $2.11 billion, a price-to-earnings ratio of -48.19 and a beta of 1.81. 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 has a one year low of $14.06 and a one year high of $113.58.

Ichor (NASDAQ:ICHR - Get Free Report) last issued its 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. Ichor had a positive return on equity of 0.47% and a negative net margin of 3.97%.The company had revenue of $294.78 million during the quarter, compared to analysts' expectations of $300.17 million. During the same period in the prior year, the business earned $0.03 EPS. The firm'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. On average, research analysts predict that Ichor will post 1.13 EPS for the current year.

Insiders Place Their Bets

In other Ichor news, CEO Philip Barros, Jr. sold 1,314 shares of the company's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $61.88, for a total value of $81,310.32. Following the transaction, the chief executive officer owned 161,562 shares of the company's stock, valued at $9,997,456.56. This represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through 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, Director Iain MacKenzie sold 9,933 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $65.76, for a total transaction of $653,194.08. Following the transaction, the director directly owned 122,427 shares of the company's stock, valued at approximately $8,050,799.52. This trade represents a 7.50% decrease in their position. 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. Insiders sold a total of 28,654 shares of company stock valued at $1,739,932 over the last 90 days. Company insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On Ichor

Institutional investors and hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc boosted its position in shares of 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 purchasing an additional 126 shares during the period. Hantz Financial Services Inc. increased its holdings in Ichor by 64.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company's stock valued at $28,000 after purchasing an additional 590 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Ichor by 5.7% in the second quarter. The Manufacturers Life Insurance Company now owns 12,447 shares of the technology company's stock valued at $244,000 after purchasing an additional 666 shares during the period. AdvisorNet Financial Inc purchased a new stake in Ichor in the first quarter valued at approximately $37,000. Finally, AQR Capital Management LLC raised its position in Ichor by 0.6% in the fourth quarter. AQR Capital Management LLC now owns 134,194 shares of the technology company's stock valued at $2,473,000 after purchasing an additional 817 shares during the period. 94.81% of the stock is owned by hedge funds and other institutional investors.

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.

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