TD Cowen Issues Pessimistic Forecast for Ichor (NASDAQ:ICHR) Stock Price

Ichor (NASDAQ:ICHR) had its target price reduced by research analysts at TD Cowen from $100.00 to $55.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. TD Cowen‘s target price indicates a potential upside of 48.31% from the stock’s current price.

ICHR has been the subject of several other research reports. UBS Group set a $82.00 target price on shares of Ichor in a report on Thursday, October 8th. Stifel Nicolaus cut their price target on shares of Ichor from $115.00 to $93.00 and set a “buy” rating for the company in a report on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ichor in a research report on Monday, September 21st. Zacks Research lowered shares of Ichor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Finally, Freedom Broker began coverage on shares of Ichor in a research note on Friday, October 9th. They issued a “buy” rating and a $82.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Ichor has an average rating of “Moderate Buy” and an average price target of $74.78.

Ichor Stock Performance

Shares of ICHR traded up $0.24 during mid-day trading on Tuesday, hitting $37.09. 374,457 shares of the company’s stock were exchanged, compared to its average volume of 978,191. The company has a quick ratio of 2.07, a current ratio of 3.70 and a debt-to-equity ratio of 0.13. Ichor has a 52 week low of $14.06 and a 52 week high of $113.58. The stock’s 50-day simple moving average is $52.61 and its 200-day simple moving average is $60.52. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -31.52 and a beta of 1.79.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Monday, November 2nd. The technology company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.18. Ichor had a positive return on equity of 0.47% and a negative net margin of 3.97%. The firm had revenue of $328.70 million for the quarter, compared to analyst estimates of $330.15 million. During the same quarter last year, the company earned $0.07 EPS. The company’s revenue was up 37.4% on a year-over-year basis. On average, equities research analysts expect that Ichor will post 1.13 EPS for the current year.

Insider Activity at Ichor

In other Ichor news, Director Iain MacKenzie sold 20,000 shares of the company’s stock in a transaction dated 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 transaction, the director owned 102,427 shares of the company’s stock, valued at $5,188,951.82. This represents a 16.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Bruce Ragsdale sold 2,149 shares of Ichor stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $65.47, for a total value of $140,695.03. Following the sale, the chief operating officer directly owned 88,595 shares in the company, valued at $5,800,314.65. The trade was a 2.37% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 46,740 shares of company stock worth $2,602,960. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Ichor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC boosted its holdings in Ichor by 21.6% in the third quarter. Commonwealth Equity Services LLC now owns 4,732 shares of the technology company’s stock valued at $293,000 after acquiring an additional 840 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Ichor by 6.4% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 8,367 shares of the technology company’s stock worth $518,000 after purchasing an additional 500 shares during the last quarter. Arlington Capital Management INC bought a new position in Ichor during the 3rd quarter worth approximately $2,741,000. Trek Financial LLC acquired a new position in shares of Ichor in the 3rd quarter worth approximately $538,000. Finally, Sigma Planning Corp acquired a new position in shares of Ichor in the 3rd quarter worth approximately $253,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.

Ichor News Summary

Here are the key news stories impacting Ichor this week:

• Positive Sentiment: Adjusted EPS was $0.63, well above the $0.45 analyst consensus and up sharply from $0.07 a year earlier. Revenue rose 37.4% year over year to $328.7 million, while gross margin improved to 15.8% on a GAAP basis and 16.0% on a non-GAAP basis. Ichor Holdings Beats Q3 Earnings Estimates
• Positive Sentiment: Ichor’s fourth-quarter EPS guidance of $0.65 to $0.75 exceeds the $0.60 consensus estimate, suggesting management expects earnings momentum to continue. Ichor Announces Third Quarter 2026 Financial Results
• Neutral Sentiment: Fourth-quarter revenue guidance of $345 million to $365 million brackets the $364.4 million consensus estimate. The midpoint is below expectations, but the upper end remains broadly in line with forecasts. Ichor Reports Third-Quarter Results
• Negative Sentiment: Quarterly revenue of $328.7 million came in modestly below the $330.15 million consensus estimate, indicating that the earnings beat was driven more by margins than by sales growth. Ichor Quarterly Earnings Report
• Negative Sentiment: Analysts cut their forecasts following the results, likely reflecting concerns about revenue trends and the sustainability of recent margin gains. These downward revisions are weighing on sentiment despite the EPS beat. Ichor Analysts Slash Their Forecasts

Ichor Company Profile

Ichor Holdings, Ltd. (NASDAQ: ICHR) is a supplier to the semiconductor equipment industry. The company designs, engineers and manufactures critical fluid-delivery subsystems used in semiconductor fabrication equipment, including systems that deliver and control gases and chemicals during the wafer-manufacturing process.

Ichor’s products and services include gas and chemical delivery systems, precision-machined components, weldments, fluid-management assemblies and related engineering and manufacturing services.