Ichor (NASDAQ:ICHR) Upgraded to Hold at Wall Street Zen

Key Points

• Ichor has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, reflecting a shift in analysts' perception of the stock.
• The company reported earnings of $0.03 per share, missing expectations of $0.14, although revenue increased by 18.2% year-over-year to $240.29 million.
• Insider buying activity includes Director Iain Mackenzie acquiring 25,000 shares, indicating confidence in the company's future prospects.

Ichor (NASDAQ:ICHR - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Monday.

A number of other research firms have also recently commented on ICHR. Stifel Nicolaus set a $23.00 price target on Ichor and gave the company a "buy" rating in a research note on Tuesday, August 5th. B. Riley cut shares of Ichor from a "buy" rating to a "neutral" rating and set a $18.00 target price on the stock. in a research note on Tuesday, August 5th. Oppenheimer set a $21.00 price objective on Ichor and gave the stock a "market perform" rating in a research report on Tuesday, August 5th. TD Cowen reduced their target price 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. Finally, DA Davidson dropped their price objective on shares of Ichor from $45.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $23.80.

Ichor Trading Up 1.8%

ICHR opened at $17.28 on Monday. The stock has a 50-day moving average of $18.03 and a 200 day moving average of $19.30. The company has a current ratio of 3.22, a quick ratio of 1.32 and a debt-to-equity ratio of 0.17. Ichor has a 12 month low of $13.12 and a 12 month high of $36.48. The firm has a market cap of $593.22 million, a P/E ratio of -28.33 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 analysts' consensus estimates of $0.14 by ($0.11). The company had revenue of $240.29 million during the quarter, compared to the consensus estimate of $234.51 million. Ichor had a negative return on equity of 0.77% and a negative net margin of 2.23%.The company's revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 earnings per share. Ichor has set its Q3 2025 guidance at 0.060-0.18 EPS. As a group, research analysts forecast that Ichor will post 1.01 EPS for the current year.

Insider Buying and Selling at Ichor

In other Ichor news, Director Iain Mackenzie acquired 25,000 shares of the company's stock in a transaction on Thursday, August 7th. The shares were bought at an average cost of $16.63 per share, for a total transaction of $415,750.00. Following the acquisition, the director directly owned 60,011 shares of the company's stock, valued at $997,982.93. This trade represents a 71.41% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marc Haugen purchased 3,000 shares of the firm's stock in a transaction dated Thursday, August 7th. The stock was acquired 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 directly owned 42,960 shares in the company, valued at approximately $762,540. This trade represents 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.

Institutional Trading of Ichor

Several hedge funds and other institutional investors have recently modified their holdings of ICHR. Two Sigma Advisers LP lifted its position in shares of Ichor by 116.7% in the fourth quarter. Two Sigma Advisers LP now owns 19,500 shares of the technology company's stock worth $628,000 after buying an additional 10,500 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Ichor by 19.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,633 shares of the technology company's stock worth $2,115,000 after buying an additional 10,729 shares during the period. Mackenzie Financial Corp bought a new stake in Ichor during the fourth quarter worth about $682,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Ichor in the fourth quarter valued at $1,474,000. Finally, GAMMA Investing LLC raised its position in Ichor by 1,273.8% in the 1st quarter. GAMMA Investing LLC now owns 18,766 shares of the technology company's stock worth $4,240,000 after purchasing an additional 17,400 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company's stock.

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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