Ichor (NASDAQ:ICHR) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Ichor (NASDAQ:ICHR) from a buy rating to a hold rating in a research report released on Tuesday morning,Wall Street Zen reports.

Several other brokerages have also weighed in on ICHR. B. Riley Financial cut their target price on Ichor from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Zacks Research upgraded shares of Ichor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. Oppenheimer raised their price objective on shares of Ichor from $60.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, August 4th. TD Cowen reduced their price objective on shares of Ichor from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Finally, Needham & Company LLC upped their target price on shares of Ichor from $72.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

Ichor Price Performance

Ichor stock opened at $62.48 on Tuesday. The company has a current ratio of 3.70, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company has a fifty day simple moving average of $61.78 and a 200-day simple moving average of $69.00. The stock has a market cap of $2.34 billion, a P/E ratio of -53.40 and a beta of 1.79. Ichor has a 12-month low of $14.06 and a 12-month high of $113.58.

Ichor (NASDAQ:ICHR) last posted its earnings results on Monday, August 3rd. The technology company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm had revenue of $294.78 million for the quarter, compared to analyst estimates of $300.17 million. Ichor had a positive return on equity of 0.47% and a negative net margin of 3.97%.Ichor’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.03 earnings per share. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. Equities analysts expect that Ichor will post 1.13 EPS for the current fiscal year.

Insider Transactions at Ichor

In other news, Director Iain MacKenzie sold 20,000 shares of Ichor stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $50.66, for a total value of $1,013,200.00. Following the transaction, the director directly owned 102,427 shares of the company’s stock, valued at $5,188,951.82. The trade was a 16.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Greg Swyt sold 2,068 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $58.02, for a total transaction of $119,985.36. Following the completion of the sale, the chief financial officer owned 47,832 shares of the company’s stock, valued at approximately $2,775,212.64. This trade represents a 4.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 43,902 shares of company stock worth $2,417,473 in the last three months. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Tidal Investments LLC boosted its stake in shares of Ichor by 30.1% during the second quarter. Tidal Investments LLC now owns 12,866 shares of the technology company’s stock worth $1,445,000 after buying an additional 2,978 shares during the period. Pinnacle Wealth Management Advisory Group LLC acquired a new position in Ichor in the 2nd quarter valued at about $288,000. Integrated Wealth Concepts LLC purchased a new stake in Ichor during the 2nd quarter valued at approximately $45,000. NewEdge Advisors LLC raised its stake in Ichor by 1,712.4% during the 2nd quarter. NewEdge Advisors LLC now owns 1,613 shares of the technology company’s stock valued at $181,000 after acquiring an additional 1,524 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Ichor during the 2nd quarter worth approximately $894,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.

About Ichor

Ichor Holdings, Ltd. (NASDAQ: ICHR) designs, engineers and manufactures critical fluid-delivery subsystems and components used in semiconductor manufacturing equipment. Its products help deliver, control and distribute gases and chemicals used in wafer fabrication processes.

The company’s offerings include gas and chemical delivery systems, precision-machined components, weldments, assemblies and other specialized components for semiconductor capital equipment. Ichor primarily serves original equipment manufacturers and other customers involved in the production of semiconductor devices.

Founded in 1999, Ichor is headquartered in Fremont, California, and operates manufacturing and engineering facilities across several regions, including North America, Europe and Asia.