Ichor (NASDAQ:ICHR) Downgraded by Zacks Research to Strong Sell

Ichor (NASDAQ:ICHR) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the company. DA Davidson decreased their target price on Ichor from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday. TD Cowen dropped their price target on Ichor from $28.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, August 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ichor in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Ichor from a “hold” rating to a “strong sell” rating in a research report on Saturday. Finally, Stifel Nicolaus set a $21.00 price target on shares of Ichor and gave the company a “hold” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $22.40.

Ichor Price Performance

Shares of ICHR opened at $14.97 on Thursday. Ichor has a one year low of $13.12 and a one year high of $36.48. The stock’s fifty day moving average is $19.11 and its 200-day moving average is $19.07. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.32 and a current ratio of 3.08. The firm has a market capitalization of $514.67 million, a price-to-earnings ratio of -12.47 and a beta of 1.95.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Monday, November 3rd. The technology company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). Ichor had a negative net margin of 4.26% and a negative return on equity of 0.96%. The firm had revenue of $239.30 million for the quarter, compared to the consensus estimate of $235.14 million. During the same period in the previous year, the business posted $0.12 earnings per share. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. Ichor has set its Q4 2025 guidance at -0.140-0.020 EPS. Equities analysts anticipate that Ichor will post 1.01 EPS for the current year.

Institutional Investors Weigh In On Ichor

Large investors have recently bought and sold shares of the business. CenterBook Partners LP acquired a new position in Ichor during the third quarter worth $263,000. Public Sector Pension Investment Board boosted its stake in shares of Ichor by 15.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 133,910 shares of the technology company’s stock worth $2,346,000 after acquiring an additional 17,632 shares in the last quarter. Illinois Municipal Retirement Fund raised its stake in shares of Ichor by 21.1% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 18,234 shares of the technology company’s stock valued at $319,000 after acquiring an additional 3,183 shares in the last quarter. Linden Thomas Advisory Services LLC raised its stake in shares of Ichor by 4.3% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 50,304 shares of the technology company’s stock valued at $881,000 after acquiring an additional 2,094 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Ichor by 32.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 27,124 shares of the technology company’s stock worth $475,000 after purchasing an additional 6,682 shares during the last quarter. 94.81% of the stock is currently owned by 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.