Ichor Holdings, Ltd. (NASDAQ:ICHR) Stock Has Average Price Target of $85.89

Key Points

• Analysts maintain a Moderate Buy consensus on Ichor Holdings, with six buy ratings, one strong buy, two holds and one sell. The average 12-month price target is $85.89.
• Ichor’s latest quarter beat EPS expectations, reporting $0.34 versus the $0.31 consensus, while revenue rose 22.7% year over year to $294.78 million. The company guided for third-quarter EPS of $0.40–$0.50.
• Institutional investors own 94.81% of the stock, though insiders sold 46,740 shares worth $2.6 million over the past 90 days. Shares opened at $37.94, well below the 12-month high of $113.58.

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) has received an average rating of "Moderate Buy" from the ten analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $85.89.

ICHR has been the subject of a number of research reports. Zacks Research cut Ichor from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. DA Davidson raised Ichor to a "strong-buy" rating in a research report on Monday, October 5th. 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 research report on Tuesday, August 4th. Needham & Company LLC increased their price objective on shares of Ichor from $72.00 to $88.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Finally, TD Cowen dropped their price objective on shares of Ichor from $115.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, August 4th.

Insider Buying and Selling at Ichor

In other Ichor news, CEO Philip Barros, Jr. sold 1,314 shares of the stock in a transaction that occurred on 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 directly owned 161,562 shares in the company, valued at approximately $9,997,456.56. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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, COO Bruce Ragsdale sold 2,149 shares of Ichor stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $65.47, for a total transaction of $140,695.03. Following the transaction, the chief operating officer owned 88,595 shares in the company, valued at $5,800,314.65. This represents a 2.37% 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. Insiders sold a total of 46,740 shares of company stock valued at $2,602,960 in the last ninety days. Corporate insiders own 1.70% of the company's stock.

Hedge Funds Weigh In On Ichor

Several institutional investors and hedge funds have recently bought and sold shares of ICHR. Assenagon Asset Management S.A. bought a new position in shares of Ichor during the 2nd quarter valued at approximately $5,165,000. Wellington Management Group LLP increased its holdings in Ichor by 54.3% in 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 in the last quarter. Hsbc Holdings PLC purchased a new stake in Ichor in the 4th quarter worth approximately $1,101,000. Counterpoint Mutual Funds LLC bought a new stake in Ichor during the 1st quarter worth approximately $892,000. Finally, Calamos Advisors LLC bought a new stake in Ichor during the 1st quarter worth approximately $1,870,000. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Ichor Stock Up 0.2%

Shares of Ichor stock opened at $37.94 on Friday. Ichor has a twelve month low of $14.06 and a twelve month high of $113.58. 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 company's 50 day moving average is $55.30 and its 200 day moving average is $69.26. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -32.43 and a beta of 1.79.

Ichor (NASDAQ:ICHR - Get Free Report) last posted its earnings results on Monday, August 3rd. The technology company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. The business had revenue of $294.78 million during the quarter, compared to the consensus estimate of $300.17 million. Ichor had a negative net margin of 3.97% and a positive return on equity of 0.47%. The firm's revenue was up 22.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.03 EPS. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. Research analysts anticipate that Ichor will post 1.13 EPS for the current year.

Ichor Company Profile

Ichor Holdings, Ltd. NASDAQ: ICHR is a supplier to the semiconductor equipment industry. The company designs, engineers and manufactures critical fluid-delivery subsystems used in semiconductor fabrication equipment, including systems that deliver and control gases and chemicals during the wafer-manufacturing process.

Ichor's products and services include gas and chemical delivery systems, precision-machined components, weldments, fluid-management assemblies and related engineering and manufacturing services.

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