Ichor (NASDAQ:ICHR) Upgraded at DA Davidson

DA Davidson upgraded shares of Ichor (NASDAQ:ICHR) to a strong-buy rating in a report published on Monday morning,Zacks reports.

Several other equities research analysts have also recently weighed in on ICHR. Oppenheimer increased their price objective on shares of Ichor from $60.00 to $80.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ichor in a research report on Monday, September 21st. Stifel Nicolaus increased their price target on Ichor from $76.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Needham & Company LLC lifted their price objective on Ichor from $72.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Ichor presently has an average rating of “Moderate Buy” and an average target price of $87.00.

Ichor Price Performance

Shares of ICHR opened at $60.87 on Monday. The business has a 50-day moving average of $60.86 and a 200-day moving average of $69.43. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.70 and a quick ratio of 2.07. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of -52.03 and a beta of 1.79. Ichor has a 1 year low of $14.06 and a 1 year high of $113.58.

Ichor (NASDAQ:ICHR) last announced 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 business had revenue of $294.78 million for the quarter, compared to analysts’ expectations of $300.17 million. Ichor had a positive return on equity of 0.47% and a negative net margin of 3.97%.The firm’s revenue was up 22.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 earnings per share. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. As a group, equities research analysts anticipate that Ichor will post 1.13 earnings per share for the current year.

Insider Buying and Selling at Ichor

In related news, CFO Greg Swyt sold 689 shares of the company’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $65.01, for a total value of $44,791.89. Following the sale, the chief financial officer owned 47,143 shares in the company, valued at $3,064,766.43. This represents a 1.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Iain MacKenzie sold 20,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $50.66, for a total value of $1,013,200.00. Following the completion of the sale, the director directly owned 102,427 shares of the company’s stock, valued at approximately $5,188,951.82. This trade represents a 16.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 46,740 shares of company stock valued at $2,602,960. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc grew its position in Ichor by 100.0% during the second quarter. Versant Capital Management Inc now owns 252 shares of the technology company’s stock valued at $28,000 after buying an additional 126 shares during the period. AdvisorNet Financial Inc bought a new position in shares of Ichor in the first quarter worth $37,000. KBC Group NV bought a new position in shares of Ichor in the first quarter worth $44,000. Integrated Wealth Concepts LLC purchased a new position in shares of Ichor in the second quarter valued at $45,000. Finally, Allworth Financial LP raised its stake in shares of Ichor by 125.1% during the 2nd quarter. Allworth Financial LP now owns 421 shares of the technology company’s stock valued at $47,000 after purchasing an additional 234 shares during the period. Hedge funds and other institutional investors own 94.81% of the company’s stock.

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.