Ichor (NASDAQ:ICHR) Shares Up 10.4% - What's Next?

Key Points

• Ichor Holdings shares surged 10.4% to $22.55, although trading volume dropped by 51% compared to the average.
• Analysts have adjusted their price targets for Ichor, with a range between $18.00 to $28.00, and the stock holds an average rating of "Hold" with a consensus price target of $23.80.
• The company reported Q2 earnings with a revenue increase of 18.2% year-over-year, but missed EPS estimates by $0.11, registering a $0.03 EPS.

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) shot up 10.4% during mid-day trading on Wednesday . The stock traded as high as $22.20 and last traded at $22.55. 289,733 shares were traded during trading, a decline of 51% from the average session volume of 587,581 shares. The stock had previously closed at $20.42.

Analysts Set New Price Targets

Several brokerages have issued reports on ICHR. TD Cowen cut their price objective 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. Wall Street Zen upgraded shares of Ichor from a "sell" rating to a "hold" rating in a research report on Monday, September 29th. B. Riley downgraded shares of Ichor from a "buy" rating to a "neutral" rating and set a $18.00 price target for the company. in a research report on Tuesday, August 5th. Stifel Nicolaus set a $23.00 price target on shares of Ichor and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, Zacks Research upgraded shares of Ichor from a "strong sell" rating to a "hold" rating in a research report on Monday, October 6th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $23.80.

Ichor Trading Up 11.5%

The business's 50 day simple moving average is $17.82 and its two-hundred day simple moving average is $18.77. The stock has a market cap of $781.83 million, a P/E ratio of -37.38 and a beta of 1.88. 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 (NASDAQ:ICHR - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The technology company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.11). The business had revenue of $240.29 million for the quarter, compared to analyst estimates of $234.51 million. Ichor had a negative return on equity of 0.77% and a negative net margin of 2.23%.Ichor's revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.05 EPS. Ichor has set its Q3 2025 guidance at 0.060-0.18 EPS. As a group, analysts expect that Ichor Holdings, Ltd. will post 1.01 EPS for the current year.

Insider Buying and Selling

In other news, Director Marc Haugen bought 3,000 shares of the stock in a transaction on Thursday, August 7th. The shares were acquired at an average cost of $17.75 per share, for a total transaction of $53,250.00. Following the purchase, the director directly owned 42,960 shares of the company's stock, valued at $762,540. This trade represents a 7.51% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Iain Mackenzie acquired 25,000 shares of the stock in a transaction dated Thursday, August 7th. The shares were bought at an average price of $16.63 per share, for a total transaction of $415,750.00. Following the transaction, the director owned 60,011 shares in the company, valued at approximately $997,982.93. This represents a 71.41% increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is owned by corporate insiders.

Institutional Trading of Ichor

Institutional investors and hedge funds have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. purchased a new stake in shares of Ichor during the 2nd quarter valued at $27,000. GAMMA Investing LLC grew its holdings in shares of Ichor by 95.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,619 shares of the technology company's stock valued at $32,000 after purchasing an additional 789 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Ichor by 1,060.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,753 shares of the technology company's stock valued at $34,000 after purchasing an additional 1,602 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Ichor during the 2nd quarter valued at $37,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Ichor by 380.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,624 shares of the technology company's stock valued at $71,000 after purchasing an additional 2,870 shares during the last quarter. Hedge funds and other institutional investors 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.

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