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

Key Points

• Ichor (NASDAQ:ICHR) was upgraded from a "sell" to a "hold" rating by Wall Street Zen, indicating a shift in analyst sentiment towards the stock.
• The company reported quarterly earnings of $0.03 per share, missing the consensus estimate of $0.14, but saw an 18.2% year-over-year revenue increase to $240.29 million.
• Institutional ownership of Ichor is robust, with 94.81% of the stock held by institutional investors, highlighting strong investor interest in the company.

Ichor (NASDAQ:ICHR - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

Other equities analysts have also recently issued reports about the stock. DA Davidson decreased their price target on shares of Ichor from $45.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, August 6th. Stifel Nicolaus set a $23.00 target price on shares of 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 for the company. in a research note on Tuesday, August 5th. TD Cowen decreased their target price on shares of Ichor from $28.00 to $22.00 and set a "buy" rating for the company in a research note on Tuesday, August 5th. Finally, Oppenheimer set a $21.00 target price on shares of Ichor and gave the company a "market perform" rating in a research note on Tuesday, August 5th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $23.80.

Ichor Stock Up 9.3%

Shares of ICHR traded up $1.54 during mid-day trading on Friday, hitting $18.02. 2,571,881 shares of the company's stock were exchanged, compared to its average volume of 758,066. The company has a market cap of $618.57 million, a PE ratio of -29.54 and a beta of 1.90. Ichor has a 52 week low of $13.12 and a 52 week high of $36.48. The company has a 50-day simple moving average of $18.64 and a 200 day simple moving average of $19.78. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.22 and a quick ratio of 1.32.

Ichor (NASDAQ:ICHR - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The technology company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.11). The business had revenue of $240.29 million for 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%.Ichor's 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. On average, research analysts forecast that Ichor will post 1.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Iain Mackenzie bought 25,000 shares of the company's 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 completion of the acquisition, the director owned 60,011 shares of the company's stock, valued at $997,982.93. This represents a 71.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Marc Haugen acquired 3,000 shares of the business's 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 transaction, 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 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 Inflows and Outflows

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