Ichor (NASDAQ:ICHR) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded Ichor from “strong buy” to “hold,” although the broader analyst consensus remains “Moderate Buy” with an average price target of $87.
• Ichor shares opened at $62.44, well below their 12-month high of $113.58. The company recently exceeded quarterly EPS expectations, reporting $0.34 versus the $0.31 consensus, while revenue rose 22.7% year over year.
• Institutional investors own 94.81% of Ichor, with several major firms increasing their positions; meanwhile, insiders have sold 46,740 shares worth approximately $2.6 million over the past 90 days.

Ichor (NASDAQ:ICHR - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Monday, Zacks reports.

A number of other brokerages have also issued reports on ICHR. B. Riley Financial cut their target price on Ichor from $125.00 to $105.00 and set a "buy" rating on the stock in a research report on Tuesday, August 4th. Stifel Nicolaus lifted their price objective on Ichor from $76.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, July 10th. DA Davidson upgraded Ichor to a "strong-buy" rating in a report on Monday. Oppenheimer boosted their price objective on Ichor from $60.00 to $80.00 and gave the company a "market perform" rating in a report on Tuesday, August 4th. Finally, Wall Street Zen lowered Ichor from a "buy" rating to a "hold" rating in a research note on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $87.00.

Ichor Stock Down 1.4%

Shares of ICHR opened at $62.44 on Monday. The company's 50-day moving average price is $60.89 and its 200 day moving average price is $69.36. Ichor has a 12-month low of $14.06 and a 12-month high of $113.58. The company has a current ratio of 3.70, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The firm has a market cap of $2.34 billion, a P/E ratio of -53.37 and a beta of 1.79.

Ichor (NASDAQ:ICHR - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating 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 business had revenue of $294.78 million for the quarter, compared to the consensus estimate of $300.17 million. During the same period in the previous year, the firm earned $0.03 EPS. The business's 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, sell-side analysts forecast that Ichor will post 1.13 earnings per share for the current year.

Insider Buying and Selling at Ichor

In other Ichor news, COO Bruce Ragsdale sold 10,587 shares of the business's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $51.93, for a total value of $549,782.91. Following the completion of 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. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Philip Barros, Jr. sold 1,314 shares of the company's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $61.88, for a total value of $81,310.32. Following the sale, the chief executive officer directly owned 161,562 shares in the company, valued at $9,997,456.56. This represents a 0.81% decrease in their position. 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. Over the last 90 days, insiders sold 46,740 shares of company stock worth $2,602,960. 1.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ichor

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