Ichor (NASDAQ:ICHR) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research has upgraded Ichor's (NASDAQ:ICHR) stock rating from a "strong sell" to a "hold" in a recent report.
• Ichor reported a quarterly earnings miss with an EPS of $0.03, falling short of the expected $0.14, although it experienced an 18.2% revenue increase year-over-year.
• In insider trading news, Director Iain Mackenzie purchased 25,000 shares at $16.63 per share, increasing his ownership by 71.41%.

Ichor (NASDAQ:ICHR - Get Free Report) was upgraded by research analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

ICHR has been the subject of a number of other reports. B. Riley lowered 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. TD Cowen cut their price objective on shares of Ichor from $28.00 to $22.00 and set a "buy" rating on the stock in a 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. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Ichor in a research report on Saturday, September 27th. Finally, Stifel Nicolaus set a $23.00 target price on Ichor and gave the company a "buy" rating in a research note on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $23.80.

Ichor Price Performance

ICHR stock opened at $18.73 on Monday. Ichor has a one year low of $13.12 and a one year high of $36.48. The company's fifty day moving average price is $17.72 and its 200-day moving average price is $18.97. 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 company has a market capitalization of $643.00 million, a PE ratio of -30.70 and a beta of 1.88.

Ichor (NASDAQ:ICHR - Get Free Report) last released its quarterly 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 business had revenue of $240.29 million for the quarter, compared to analysts' expectations of $234.51 million. During the same period in the previous year, the company earned $0.05 EPS. Ichor's revenue for the quarter was up 18.2% compared to the same quarter last year. Ichor has set its Q3 2025 guidance at 0.060-0.18 EPS. On average, equities analysts anticipate that Ichor will post 1.01 EPS for the current fiscal year.

Insider Transactions at Ichor

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

Institutional Trading of Ichor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ICHR. Invesco Ltd. lifted its stake in shares of Ichor by 6.1% during the first quarter. Invesco Ltd. now owns 1,168,756 shares of the technology company's stock worth $26,426,000 after buying an additional 66,942 shares during the period. S Squared Technology LLC raised its holdings in shares of Ichor by 21.1% in the 1st quarter. S Squared Technology LLC now owns 278,910 shares of the technology company's stock valued at $6,306,000 after purchasing an additional 48,566 shares in the last quarter. Cinctive Capital Management LP acquired a new position in Ichor in the first quarter valued at $1,356,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ichor by 3.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 520,274 shares of the technology company's stock valued at $11,763,000 after acquiring an additional 17,981 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Ichor by 2.9% in the first quarter. Principal Financial Group Inc. now owns 168,688 shares of the technology company's stock valued at $3,814,000 after purchasing an additional 4,803 shares in the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.