Wall Street Zen Downgrades Ichor (NASDAQ:ICHR) to Sell

Ichor (NASDAQ:ICHR) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Sunday.

Several other brokerages have also weighed in on ICHR. TD Cowen dropped their target price on Ichor from $28.00 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday, August 5th. DA Davidson dropped their target price on Ichor from $45.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, August 6th. B. Riley lowered Ichor from a “buy” rating to a “neutral” rating and set a $18.00 target price on the stock. in a research report on Tuesday, August 5th. Stifel Nicolaus set a $23.00 target price on Ichor and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Finally, Oppenheimer set a $21.00 target price on Ichor and gave the stock a “market perform” rating in a research report on Tuesday, August 5th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Ichor presently has a consensus rating of “Moderate Buy” and an average price target of $23.80.

Ichor Stock Up 2.4%

Shares of Ichor stock opened at $18.88 on Friday. The stock has a 50-day moving average price of $18.46 and a 200 day moving average price of $19.52. The company has a market cap of $648.15 million, a P/E ratio of -30.95 and a beta of 1.90. The company has a current ratio of 3.22, a quick ratio of 1.32 and a debt-to-equity ratio of 0.17. Ichor has a 1 year low of $13.12 and a 1 year high of $36.48.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings data on Monday, August 4th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.11). Ichor had a negative return on equity of 0.77% and a negative net margin of 2.23%.The business had revenue of $240.29 million during the quarter, compared to analysts’ expectations of $234.51 million. During the same period in the prior year, the company posted $0.05 earnings per share. The firm’s revenue was up 18.2% on a year-over-year basis. Ichor has set its Q3 2025 guidance at 0.060-0.18 EPS. As a group, analysts expect that Ichor will post 1.01 EPS for the current fiscal year.

Insider Activity at Ichor

In other news, Director Iain Mackenzie acquired 25,000 shares of the firm’s stock in a transaction dated Thursday, August 7th. The shares were bought at an average price of $16.63 per share, with a total value of $415,750.00. Following the acquisition, the director owned 60,011 shares of the company’s stock, valued at $997,982.93. This trade represents a 71.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marc Haugen acquired 3,000 shares of the firm’s stock in a transaction dated Thursday, August 7th. The shares were purchased at an average cost of $17.75 per share, for a total transaction of $53,250.00. Following the acquisition, the director directly owned 42,960 shares in the company, valued at $762,540. This represents a 7.51% increase in their position. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by company insiders.

Institutional Trading of Ichor

Institutional investors have recently modified their holdings of the company. Newbridge Financial Services Group Inc. acquired a new stake in shares of Ichor during the 2nd quarter worth approximately $27,000. GAMMA Investing LLC lifted its position in shares of Ichor by 95.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,619 shares of the technology company’s stock worth $32,000 after buying an additional 789 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Ichor by 1,060.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,753 shares of the technology company’s stock worth $34,000 after buying an additional 1,602 shares during the period. Central Pacific Bank Trust Division bought a new position in shares of Ichor during the 2nd quarter worth approximately $37,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Ichor by 380.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,624 shares of the technology company’s stock worth $71,000 after buying an additional 2,870 shares during the period. Institutional investors and hedge funds own 94.81% of the company’s stock.

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.