Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Analyst consensus is “Moderate Buy”: Six of nine covering firms rate Ichor Holdings a buy, with an average 12-month price target of $87.00.
• Quarterly results exceeded expectations: Ichor reported adjusted earnings of $0.34 per share versus the $0.31 consensus estimate, while revenue rose 22.7% year over year to $294.78 million.
• Insiders have been selling shares: Company insiders sold 69,524 shares worth approximately $4.96 million over the past 90 days, while institutional investors own 94.81% of the stock.

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) has received an average rating of "Moderate Buy" from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $87.00.

Several analysts have weighed in on ICHR shares. Stifel Nicolaus raised their price target on Ichor from $76.00 to $115.00 and gave the company a "buy" rating in a report on Friday, July 10th. Oppenheimer boosted their price objective on Ichor from $60.00 to $80.00 and gave the stock a "market perform" rating in a report on Tuesday, August 4th. B. Riley Financial cut their price objective on Ichor from $125.00 to $105.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. Weiss Ratings restated a "sell (d-)" rating on shares of Ichor in a research report on Wednesday, June 24th. Finally, Needham & Company LLC raised their target price on shares of Ichor from $72.00 to $88.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th.

Insider Activity

In related news, Director Marc Haugen sold 5,337 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $75.63, for a total value of $403,637.31. Following the transaction, the director owned 10,825 shares of the company's stock, valued at $818,694.75. This represents a 33.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Laura A. Black sold 20,000 shares of the firm's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $75.02, for a total value of $1,500,400.00. Following the sale, the director owned 20,462 shares in the company, valued at $1,535,059.24. The trade was a 49.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 69,524 shares of company stock worth $4,963,074. Corporate insiders own 1.70% of the company's stock.

Hedge Funds Weigh In On Ichor

Hedge funds and other institutional investors have recently modified their holdings of the company. Assenagon Asset Management S.A. bought a new position in shares of Ichor during the 2nd quarter valued at about $5,165,000. Versant Capital Management Inc raised its holdings in shares of Ichor by 100.0% during the 2nd quarter. Versant Capital Management Inc now owns 252 shares of the technology company's stock valued at $28,000 after buying an additional 126 shares in the last quarter. Lombard Odier Asset Management Europe Ltd bought a new stake in Ichor in the 1st quarter worth approximately $2,684,000. Amundi bought a new stake in Ichor in the 1st quarter worth approximately $217,000. Finally, California State Teachers Retirement System boosted its stake in Ichor by 31.1% in the first quarter. California State Teachers Retirement System now owns 40,806 shares of the technology company's stock worth $1,902,000 after buying an additional 9,677 shares in the last quarter. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Ichor Price Performance

Shares of NASDAQ:ICHR opened at $68.32 on Monday. The firm has a fifty day moving average price of $85.36 and a two-hundred day moving average price of $63.99. The company has a market cap of $2.56 billion, a price-to-earnings ratio of -58.39 and a beta of 1.82. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.70 and a quick ratio of 2.07. Ichor has a one year low of $14.06 and a one year high of $113.58.

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 for the quarter, topping the consensus estimate 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 negative net margin of 3.97% and a positive return on equity of 0.47%. The business's quarterly revenue was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 earnings per share. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. Analysts anticipate that Ichor will post 1.13 EPS for the current fiscal year.

About Ichor

Ichor Holdings Ltd. is a global supplier of critical subsystems used in the fabrication of semiconductor devices. The company specializes in the design, engineering and manufacturing of gas delivery systems, vacuum pumps and abatement solutions that manage process gases and by-products in wafer-processing tools. Its modular subsystems are designed to integrate with lithography, etch, deposition and cleaning equipment, helping to ensure precise control of gas flow, pressure and purity throughout the chip-manufacturing cycle.

Founded in the mid-1980s and headquartered in Fremont, California, Ichor has expanded its footprint across Asia, Europe and North America.

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