Ichor (NASDAQ:ICHR) Stock Lifted to Buy by Wall Street Zen

Key Points

• Wall Street Zen upgraded Ichor to “buy” from “hold.” Analysts overall give the stock a “Moderate Buy” consensus rating, with an average price target of $85.89.
• Ichor reported quarterly EPS of $0.34, beating estimates of $0.31, while revenue rose 22.7% year over year to $294.78 million but came in below expectations.
• The stock opened at $42.11, well below its 52-week high of $113.58. Insiders have sold 46,740 shares worth about $2.6 million over the past three months, while institutional investors own 94.81% of outstanding shares.

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

A number of other brokerages also recently weighed in on ICHR. Oppenheimer upped their price target 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. Zacks Research cut shares of Ichor from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. TD Cowen lowered 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. Needham & Company LLC boosted their target price on shares of Ichor from $72.00 to $88.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. Finally, B. Riley Financial dropped 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 investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $85.89.

Ichor Stock Performance

Shares of NASDAQ ICHR opened at $42.11 on Friday. Ichor has a 1 year low of $14.06 and a 1 year high of $113.58. The firm has a market cap of $1.58 billion, a P/E ratio of 518.33 and a beta of 1.79. The stock has a fifty day moving average price of $58.07 and a two-hundred day moving average price of $69.45. 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 posted its quarterly earnings data on Monday, August 3rd. The technology company reported $0.34 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $300.17 million. During the same quarter in the previous year, the business earned $0.03 EPS. The company's quarterly revenue was up 22.7% compared to the same quarter last year. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. Research analysts forecast that Ichor will post 1.13 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Bruce Ragsdale sold 2,149 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $65.47, for a total value of $140,695.03. Following the completion of the transaction, the chief operating officer owned 88,595 shares in the company, valued at $5,800,314.65. This trade represents a 2.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 689 shares of the stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $65.01, for a total value of $44,791.89. Following the completion of the transaction, the chief financial officer owned 47,143 shares of the company's stock, valued at $3,064,766.43. This trade represents a 1.44% 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. 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 hedge funds and other institutional investors have recently made changes to their positions in the company. Triumph Capital Management acquired a new stake in shares of Ichor during the third quarter valued at approximately $1,274,000. GK Wealth Management LLC purchased a new stake in shares of Ichor in the 3rd quarter valued at approximately $309,000. GAMMA Investing LLC boosted its stake in Ichor by 11.5% in the 3rd quarter. GAMMA Investing LLC now owns 2,565 shares of the technology company's stock worth $159,000 after purchasing an additional 264 shares during the period. Central Pacific Bank Trust Division boosted its stake in Ichor by 16.8% in the 3rd quarter. Central Pacific Bank Trust Division now owns 13,286 shares of the technology company's stock worth $822,000 after purchasing an additional 1,914 shares during the period. Finally, Tidal Investments LLC boosted its stake in Ichor by 30.1% in the 2nd quarter. Tidal Investments LLC now owns 12,866 shares of the technology company's stock worth $1,445,000 after purchasing an additional 2,978 shares during the period. 94.81% of the stock is currently owned by institutional investors and hedge funds.

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.