Ichor (NASDAQ:ICHR) Price Target Raised to $80.00

Ichor (NASDAQ:ICHR) had its target price boosted by Oppenheimer from $60.00 to $80.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Oppenheimer currently has a market perform rating on the technology company’s stock.

Several other research analysts have also issued reports on ICHR. Weiss Ratings reissued a “sell (d-)” rating on shares of Ichor in a research report on Wednesday, June 24th. TD Cowen dropped their price target on Ichor from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday. Needham & Company LLC upped their price target on Ichor from $72.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday. Zacks Research downgraded Ichor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Finally, B. Riley Financial lowered their price objective on Ichor from $125.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ichor presently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Ichor Trading Down 0.4%

Shares of ICHR opened at $65.33 on Tuesday. Ichor has a 1-year low of $14.06 and a 1-year high of $113.58. The company has a current ratio of 3.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $85.43 and its 200-day moving average price is $63.72. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of -55.84 and a beta of 1.82.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Monday, August 3rd. The technology company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Ichor had a negative net margin of 3.97% and a positive return on equity of 0.47%. The company had revenue of $294.78 million during the quarter, compared to the consensus estimate of $300.17 million. During the same period in the prior year, the firm earned $0.03 earnings per share. Ichor’s revenue was up 22.7% on a year-over-year basis. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. Sell-side analysts anticipate that Ichor will post 0.99 EPS for the current year.

Insider Buying and Selling at Ichor

In other news, Director Laura A. Black sold 20,000 shares of Ichor stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $75.02, for a total transaction of $1,500,400.00. Following the completion of the transaction, the director directly owned 20,462 shares in the company, valued at approximately $1,535,059.24. This trade represents a 49.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Philip Ryan Sr. Barros sold 13,705 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $70.19, for a total value of $961,953.95. Following the completion of the sale, the chief executive officer directly owned 165,078 shares in the company, valued at approximately $11,586,824.82. This represents a 7.67% 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 have sold 69,524 shares of company stock valued at $4,963,074. 1.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ichor

A number of institutional investors have recently modified their holdings of ICHR. Versant Capital Management Inc grew its stake in shares of Ichor by 100.0% in the second quarter. Versant Capital Management Inc now owns 252 shares of the technology company’s stock worth $28,000 after acquiring an additional 126 shares during the last quarter. AdvisorNet Financial Inc purchased a new position in shares of Ichor in the 1st quarter worth about $37,000. KBC Group NV purchased a new position in shares of Ichor in the 1st quarter worth about $44,000. Newbridge Financial Services Group Inc. bought a new position in Ichor in the 2nd quarter worth about $27,000. Finally, Steward Partners Investment Advisory LLC bought a new position in Ichor in the 4th quarter worth about $26,000. 94.81% of the stock is owned by hedge funds and other institutional investors.

Ichor Company Profile

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.