Ichor Holdings, Ltd. (NASDAQ:ICHR) Stock Now Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Analysts rate Ichor a “Moderate Buy”: Six of nine analysts recommend buying the stock, with an average 12-month price target of $87 versus its recent price of $59.42.
• Quarterly earnings exceeded expectations: Ichor reported adjusted 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 consensus.
• Insiders have been selling shares: Executives sold 43,902 shares worth approximately $2.4 million over the past 90 days, while institutional investors continue to hold a substantial 94.81% of the company.

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) have earned a consensus rating of "Moderate Buy" from the nine ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $87.00.

Several equities analysts have commented on ICHR shares. Oppenheimer raised their target price 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. Stifel Nicolaus upped their price target on shares of Ichor from $76.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Needham & Company LLC increased their price target on shares of Ichor from $72.00 to $88.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. B. Riley Financial reduced their price target on shares of Ichor from $125.00 to $105.00 and set a "buy" rating on the stock in a research report on Tuesday, August 4th. Finally, TD Cowen decreased 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.

Ichor Trading Up 2.6%

ICHR stock opened at $59.42 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 3.70. The company's 50-day simple moving average is $63.80 and its 200 day simple moving average is $68.60. Ichor has a 52 week low of $14.06 and a 52 week high of $113.58. The company has a market capitalization of $2.23 billion, a PE ratio of -50.79 and a beta of 1.81.

Ichor (NASDAQ:ICHR - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The technology company reported $0.34 earnings per share (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 business had revenue of $294.78 million for the quarter, compared to the consensus estimate of $300.17 million. During the same quarter in the prior year, the business posted $0.03 earnings per share. The firm'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. As a group, sell-side analysts anticipate that Ichor will post 1.13 earnings per share for the current year.

Insider Activity at Ichor

In other news, COO Bruce Ragsdale sold 10,587 shares of the company's 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 completion of the transaction, the chief operating officer directly owned 92,324 shares in the company, valued at approximately $4,794,385.32. This represents a 10.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Greg Swyt sold 2,068 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $58.02, for a total value of $119,985.36. Following the completion of the transaction, the chief financial officer owned 47,832 shares of the company's stock, valued at $2,775,212.64. This represents a 4.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 43,902 shares of company stock worth $2,417,473 in the last 90 days. 1.70% of the stock is currently owned by company insiders.

Institutional Trading of Ichor

Several institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. bought a new stake in Ichor during the 2nd quarter worth approximately $5,165,000. Kennedy Capital Management LLC boosted its position 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 valued at $16,449,000 after buying an additional 154,404 shares during the last quarter. Hsbc Holdings PLC purchased a new position in shares of Ichor during the fourth quarter valued at approximately $1,101,000. Counterpoint Mutual Funds LLC bought a new stake in Ichor during the first quarter worth $892,000. Finally, Wellington Management Group LLP grew its holdings in 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. Institutional investors own 94.81% of the company's stock.

Ichor Company Profile

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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