Ichor (NASDAQ:ICHR) Price Target Lowered to $105.00 at B. Riley Financial

Ichor (NASDAQ:ICHR) had its target price cut by stock analysts at B. Riley Financial from $125.00 to $105.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. B. Riley Financial’s price target suggests a potential upside of 42.44% from the company’s previous close.

ICHR has been the topic of a number of other reports. Zacks Research lowered Ichor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Needham & Company LLC boosted 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. TD Cowen reaffirmed a “buy” rating on shares of Ichor in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ichor in a research report on Wednesday, June 24th. Finally, Oppenheimer increased their target price on shares of Ichor from $36.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.71.

Ichor Price Performance

NASDAQ ICHR traded down $6.51 on Tuesday, hitting $73.72. The company had a trading volume of 642,798 shares, compared to its average volume of 1,046,879. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.82 and a quick ratio of 1.21. The company’s fifty day moving average price is $85.71 and its 200-day moving average price is $62.91. The company has a market capitalization of $2.57 billion, a PE ratio of -49.40 and a beta of 1.82. Ichor has a 12-month low of $13.12 and a 12-month high of $113.58.

Ichor (NASDAQ:ICHR) last announced its earnings results on Monday, August 3rd. The technology company reported $0.34 earnings per share (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 analyst estimates of $300.17 million. Ichor had a negative net margin of 5.28% and a negative return on equity of 1.10%. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.03 earnings per share. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. As a group, analysts predict that Ichor will post 0.97 earnings per share for the current year.

Insider Activity

In other Ichor news, Director Laura A. Black sold 20,000 shares of Ichor stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $75.02, for a total value of $1,500,400.00. Following the completion of the transaction, the director directly owned 20,462 shares of the company’s stock, valued at $1,535,059.24. The trade was a 49.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Philip Ryan Sr. Barros sold 13,705 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $70.19, for a total transaction of $961,953.95. Following the sale, the chief executive officer owned 165,078 shares in the company, valued at $11,586,824.82. This trade represents a 7.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 79,447 shares of company stock worth $5,678,621 in the last quarter. Insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Invesco Ltd. increased its position in shares of Ichor by 141.2% during the fourth quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock worth $55,730,000 after acquiring an additional 1,770,425 shares during the period. Millennium Management LLC boosted its holdings in Ichor by 1,710.7% in the third quarter. Millennium Management LLC now owns 855,011 shares of the technology company’s stock valued at $14,980,000 after purchasing an additional 807,792 shares during the period. Royce & Associates LP boosted its holdings in Ichor by 48.5% in the fourth quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock valued at $26,707,000 after purchasing an additional 473,440 shares during the period. J. Goldman & Co LP acquired a new position in Ichor during the 4th quarter worth $6,663,000. Finally, Heartland Advisors Inc. acquired a new position in Ichor during the 4th quarter worth $5,529,000. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor News Summary

Here are the key news stories impacting Ichor this week:

• Positive Sentiment: Raised outlook: Ichor guided for third-quarter revenue of $315 million to $345 million and adjusted EPS of $0.40 to $0.50, both above analyst expectations of approximately $313.8 million and $0.39, respectively. Management also said second-half volumes should be at least 25% higher than first-half levels. Ichor Q3 outlook
• Positive Sentiment: EPS beat: Second-quarter adjusted earnings were $0.34 per share, exceeding the $0.31 consensus estimate and rising sharply from $0.03 a year earlier. Revenue increased about 23% year over year to $294.8 million. Ichor Q2 earnings beat
• Positive Sentiment: Analyst upgrade: Needham raised its price target from $72 to $88 and assigned a “Buy” rating, signaling confidence in Ichor’s semiconductor-equipment recovery and expected volume growth. Needham Ichor price target
• Neutral Sentiment: Margins remain a key issue: Second-quarter non-GAAP gross margin was 14.1%, while third-quarter guidance calls for 14.5% to 15.5%. The expected improvement is constructive, but margins remain relatively thin.
• Negative Sentiment: Revenue missed estimates: Second-quarter sales of $294.8 million fell short of the roughly $300.2 million consensus forecast. Ichor also reported a negative net margin and negative return on equity, which may be weighing on sentiment despite the EPS beat. Ichor Q2 financial results

About Ichor

Ichor Holdings Ltd. is a global supplier of critical subsystems used in the fabrication of semiconductor devices. The company specializes in the design, engineering and manufacturing of gas delivery systems, vacuum pumps and abatement solutions that manage process gases and by-products in wafer-processing tools. Its modular subsystems are designed to integrate with lithography, etch, deposition and cleaning equipment, helping to ensure precise control of gas flow, pressure and purity throughout the chip-manufacturing cycle.

Founded in the mid-1980s and headquartered in Fremont, California, Ichor has expanded its footprint across Asia, Europe and North America.