Ichor (NASDAQ:ICHR) Stock Price Up 8.2% - Time to Buy?

Key Points

• Ichor Holdings saw its stock price increase by 8.2%, reaching a trading high of $18.75, despite a drop in trading volume from its average.
• Analysts have mixed ratings on Ichor, with price targets ranging from $18 to $23, and a consensus rating of "Moderate Buy."
• In recent insider transactions, Director Iain Mackenzie purchased 25,000 shares at an average price of $16.63, increasing his stake in the company significantly.

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) rose 8.2% during mid-day trading on Wednesday . The company traded as high as $18.75 and last traded at $18.96. Approximately 431,846 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 570,117 shares. The stock had previously closed at $17.52.

Analyst Ratings Changes

ICHR has been the topic of a number of analyst reports. Oppenheimer set a $21.00 price target on Ichor and gave the company a "market perform" rating in a research report on Tuesday, August 5th. Wall Street Zen raised Ichor from a "sell" rating to a "hold" rating in a research report on Monday. Stifel Nicolaus set a $23.00 price objective on Ichor and gave the company a "buy" rating in a report on Tuesday, August 5th. TD Cowen dropped their price objective on Ichor from $28.00 to $22.00 and set a "buy" rating on the stock in a report on Tuesday, August 5th. Finally, B. Riley downgraded Ichor from a "buy" rating to a "neutral" rating and set a $18.00 price objective on the stock. in a report on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.80.

Ichor Stock Up 13.1%

The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.32 and a current ratio of 3.22. The business has a 50-day simple moving average of $17.84 and a two-hundred day simple moving average of $19.22. The company has a market capitalization of $680.02 million, a price-to-earnings ratio of -32.48 and a beta of 1.90.

Ichor (NASDAQ:ICHR - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The technology company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.11). The business had revenue of $240.29 million during the quarter, compared to analyst estimates of $234.51 million. Ichor had a negative net margin of 2.23% and a negative return on equity of 0.77%. The firm's quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.05 earnings per share. Ichor has set its Q3 2025 guidance at 0.060-0.18 EPS. As a group, equities analysts predict that Ichor Holdings, Ltd. will post 1.01 EPS for the current year.

Insider Buying and Selling at Ichor

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

Hedge Funds Weigh In On Ichor

Hedge funds and other institutional investors have recently bought and sold shares of the company. Newbridge Financial Services Group Inc. acquired a new position in Ichor during the second quarter worth $27,000. GAMMA Investing LLC raised its holdings in Ichor by 95.1% during the second quarter. GAMMA Investing LLC now owns 1,619 shares of the technology company's stock worth $32,000 after purchasing an additional 789 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Ichor by 1,060.9% during the second 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 last quarter. Central Pacific Bank Trust Division acquired a new position in Ichor during the second quarter worth $37,000. Finally, Tower Research Capital LLC TRC raised its holdings in Ichor by 380.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,624 shares of the technology company's stock worth $71,000 after purchasing an additional 2,870 shares during the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.

About Ichor

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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