Wall Street Zen Downgrades Ichor (NASDAQ:ICHR) to Hold

Key Points

• Wall Street Zen downgraded Ichor from “Buy” to “Hold,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $87.
• Ichor reported quarterly EPS of $0.34, beating estimates of $0.31, while revenue reached $294.78 million and rose 22.7% year over year; management guided for third-quarter EPS of $0.40–$0.50.
• The stock opened at $59.42, well below its 52-week high of $113.58. Insiders have sold 43,902 shares worth about $2.4 million over the past 90 days, while institutional investors own 94.81% of the company.

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

A number of other equities analysts have also commented on ICHR. Oppenheimer boosted their price target on shares of Ichor from $60.00 to $80.00 and gave the company a "market perform" rating in a research report on Tuesday, August 4th. B. Riley Financial reduced their target price on Ichor from $125.00 to $105.00 and set a "buy" rating on the stock in a report on Tuesday, August 4th. DA Davidson set a $85.00 price target on Ichor in a report on Wednesday, August 5th. Needham & Company LLC lifted their price objective on Ichor from $72.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, August 4th. Finally, Stifel Nicolaus boosted 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. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Ichor presently has an average rating of "Moderate Buy" and a consensus price target of $87.00.

Ichor Price Performance

Ichor stock opened at $59.42 on Tuesday. The business has a 50 day simple moving average of $63.80 and a 200 day simple moving average of $68.60. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.70 and a quick ratio of 2.07. The company has a market capitalization of $2.23 billion, a PE ratio of -50.79 and a beta of 1.81. Ichor has a one year low of $14.06 and a one year high of $113.58.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The technology company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.03. The firm 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%.The business's revenue was up 22.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 earnings per share. 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 EPS for the current fiscal year.

Insider Activity

In other news, COO Bruce Ragsdale sold 10,587 shares of Ichor stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $51.93, for a total transaction of $549,782.91. Following the transaction, the chief operating officer directly owned 92,324 shares of the company's stock, valued at $4,794,385.32. This trade represents a 10.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Greg Swyt sold 2,068 shares of the company's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $58.02, for a total transaction of $119,985.36. Following the completion of the sale, the chief financial officer owned 47,832 shares of the company's stock, valued at approximately $2,775,212.64. This represents a 4.14% 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 ninety days, insiders have sold 43,902 shares of company stock valued at $2,417,473. 1.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ichor

Several institutional investors have recently modified their holdings of ICHR. Wellington Management Group LLP raised its holdings 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 buying an additional 390,017 shares during the period. Kennedy Capital Management LLC raised its holdings in shares of Ichor by 20.9% during the fourth quarter. Kennedy Capital Management LLC now owns 892,524 shares of the technology company's stock worth $16,449,000 after acquiring an additional 154,404 shares during the period. Principal Financial Group Inc. lifted its position in Ichor by 2.1% in the 1st 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. raised its stake in shares of Ichor by 61.7% in the 1st 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 during the period. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Ichor in the second quarter valued at about $5,165,000. Institutional investors own 94.81% of the company's stock.

About Ichor

Ichor Holdings, Ltd. NASDAQ: ICHR designs, manufactures and services critical fluid-delivery systems and components used in semiconductor manufacturing equipment. Its products help control and deliver gases and chemicals used in processes such as wafer fabrication, including deposition, etching and cleaning.

The company's offerings include gas and chemical delivery modules, fluid-management systems, precision-machined components, weldments and related assemblies. Ichor also provides capabilities such as precision machining, welding, electropolishing, cleaning and component testing, allowing it to supply integrated subsystems to semiconductor capital-equipment manufacturers.

Founded in 1999 and headquartered in Fremont, California, Ichor serves a global customer base through engineering and manufacturing operations in North America, Europe and Asia.

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