Ichor (NASDAQ:ICHR) Stock Lifted to Strong-Buy by DA Davidson

Key Points

• DA Davidson upgraded Ichor to “strong buy,” while analysts overall assign the stock a “Moderate Buy” consensus rating with an average price target of $87.
• 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 fell short of forecasts.
• The stock opened at $63.33, with institutional investors owning 94.81% of shares; insiders have sold approximately $2.6 million worth of stock over the past quarter, mainly through pre-arranged plans.

Ichor (NASDAQ:ICHR - Get Free Report) was upgraded by equities research analysts at DA Davidson to a "strong-buy" rating in a note issued to investors on Monday, Zacks reports.

A number of other analysts have also recently weighed in on the stock. Oppenheimer raised their target price on shares of Ichor from $60.00 to $80.00 and gave the stock a "market perform" rating in a report on Tuesday, August 4th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Ichor in a research report on Monday, September 21st. Stifel Nicolaus raised their price objective on Ichor from $76.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. Needham & Company LLC lifted their target price on Ichor from $72.00 to $88.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. Finally, TD Cowen cut their target price on Ichor from $115.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Ichor presently has an average rating of "Moderate Buy" and an average price target of $87.00.

Ichor Trading Up 0.7%

Shares of Ichor stock opened at $63.33 on Monday. 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 business has a fifty day simple moving average of $61.00 and a 200-day simple moving average of $69.25. Ichor has a fifty-two week low of $14.06 and a fifty-two week high of $113.58. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of -54.13 and a beta of 1.79.

Ichor (NASDAQ:ICHR - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The technology company reported $0.34 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $294.78 million during the quarter, compared to analyst estimates of $300.17 million. During the same quarter last year, the firm posted $0.03 EPS. The business's revenue for the quarter 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, equities analysts forecast that Ichor will post 1.13 EPS for the current fiscal year.

Insider Activity

In other Ichor news, CEO Philip Barros, Jr. sold 1,314 shares of the business's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $61.88, for a total transaction of $81,310.32. Following the sale, the chief executive officer directly owned 161,562 shares of the company's stock, valued at $9,997,456.56. The trade was a 0.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 sale, the chief financial officer owned 47,143 shares of the company's stock, valued at $3,064,766.43. The trade was a 1.44% 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 have sold a total of 46,740 shares of company stock worth $2,602,960 in the last quarter. Insiders own 1.70% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Wellington Management Group LLP boosted its position in Ichor by 54.3% during the 2nd quarter. Wellington Management Group LLP now owns 1,108,844 shares of the technology company's stock worth $124,501,000 after acquiring an additional 390,017 shares during the period. Kennedy Capital Management LLC lifted its position in shares of Ichor by 20.9% in the fourth quarter. Kennedy Capital Management LLC now owns 892,524 shares of the technology company's stock worth $16,449,000 after purchasing an additional 154,404 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Ichor by 2.1% during the first quarter. Principal Financial Group Inc. now owns 167,350 shares of the technology company's stock worth $7,800,000 after purchasing an additional 3,494 shares during the period. Sei Investments Co. grew its position in Ichor by 61.7% during the first quarter. Sei Investments Co. now owns 113,531 shares of the technology company's stock valued at $5,292,000 after purchasing an additional 43,320 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in Ichor during the second quarter valued at approximately $5,165,000. 94.81% of the stock is 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.

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