DA Davidson Lowers Ichor (NASDAQ:ICHR) Price Target to $35.00

Key Points

• DA Davidson has reduced Ichor's price target from $45.00 to $35.00, while maintaining a "buy" rating, indicating a potential upside of 141.15% from the stock's previous close.
• Other brokerages have also revised their ratings, with B. Riley downgrading Ichor from "buy" to "neutral" and setting a target of $18.00, while TD Cowen set a new price objective of $22.00.
• Ichor reported earnings of $0.03 EPS, missing estimates of $0.14, despite an 18.2% revenue increase compared to the same quarter last year.

Ichor (NASDAQ:ICHR - Free Report) had its target price decreased by DA Davidson from $45.00 to $35.00 in a report published on Wednesday morning,Benzinga reports. DA Davidson currently has a buy rating on the technology company's stock. DA Davidson also issued estimates for Ichor's Q3 2025 earnings at $0.01 EPS, FY2025 earnings at $0.00 EPS and FY2026 earnings at $1.07 EPS.

A number of other research analysts have also recently issued reports on ICHR. Oppenheimer set a $21.00 target price on shares of Ichor and gave the company a "market perform" rating in a research note on Tuesday, August 5th. Needham & Company LLC reiterated a "hold" rating on shares of Ichor in a research note on Tuesday, May 6th. Stifel Nicolaus set a $23.00 price objective on shares of Ichor and gave the stock a "buy" rating in a research report on Tuesday, August 5th. B. Riley cut shares of Ichor from a "buy" rating to a "neutral" rating and set a $18.00 price objective for the company. in a research report on Tuesday, August 5th. Finally, TD Cowen dropped their target price on shares of Ichor from $28.00 to $22.00 and set a "buy" rating for the company in a research report on Tuesday, August 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $23.80.

Ichor Price Performance

ICHR traded up $0.78 during midday trading on Wednesday, reaching $17.44. 2,504,349 shares of the company's stock were exchanged, compared to its average volume of 980,731. The firm has a market capitalization of $598.72 million, a price-to-earnings ratio of -28.59 and a beta of 1.75. The company has a quick ratio of 1.32, a current ratio of 3.22 and a debt-to-equity ratio of 0.17. Ichor has a one year low of $13.12 and a one year high of $36.48. The business has a 50-day simple moving average of $19.88 and a two-hundred day simple moving average of $22.35.

Ichor (NASDAQ:ICHR - Get Free Report) last posted its earnings results on Monday, August 4th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.11). Ichor had a negative net margin of 2.23% and a negative return on equity of 0.77%. The firm had revenue of $240.29 million during the quarter, compared to the consensus estimate of $234.51 million. During the same quarter last year, the firm posted $0.05 EPS. The business's revenue was up 18.2% on a year-over-year basis. As a group, research analysts predict that Ichor will post 1.01 EPS for the current year.

Hedge Funds Weigh In On Ichor

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of Ichor by 95.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,619 shares of the technology company's stock valued at $32,000 after buying an additional 789 shares during the period. Nisa Investment Advisors LLC boosted its stake in Ichor by 1,060.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,753 shares of the technology company's stock worth $34,000 after purchasing an additional 1,602 shares during the period. Central Pacific Bank Trust Division acquired a new position in Ichor in the 2nd quarter worth $37,000. Quarry LP boosted its stake in Ichor by 54.9% in the 4th quarter. Quarry LP now owns 2,426 shares of the technology company's stock worth $78,000 after purchasing an additional 860 shares during the period. Finally, CWM LLC boosted its stake in Ichor by 105.6% in the 2nd quarter. CWM LLC now owns 4,532 shares of the technology company's stock worth $89,000 after purchasing an additional 2,328 shares during the period. Institutional investors and hedge funds own 94.81% of the company's stock.

Ichor Company Profile

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.