Ichor (NASDAQ:ICHR) Shares Gap Up Following Analyst Upgrade

Ichor Holdings, Ltd. (NASDAQ:ICHR) gapped up prior to trading on Thursday after Stifel Nicolaus raised their price target on the stock from $21.00 to $25.00. The stock had previously closed at $27.92, but opened at $29.60. Stifel Nicolaus currently has a hold rating on the stock. Ichor shares last traded at $29.5780, with a volume of 258,212 shares traded.

A number of other equities analysts have also recently weighed in on the company. Wall Street Zen cut Ichor from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Oppenheimer raised shares of Ichor from a “market perform” rating to an “outperform” rating and raised their price target for the company from $21.00 to $25.00 in a report on Wednesday, November 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ichor in a report on Monday, December 29th. Zacks Research raised shares of Ichor from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Finally, DA Davidson dropped their target price on Ichor from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $26.00.

Insiders Place Their Bets

In other news, Director Iain Mackenzie acquired 10,000 shares of the business’s stock in a transaction on Monday, November 17th. The shares were purchased at an average price of $14.53 per share, for a total transaction of $145,300.00. Following the completion of the purchase, the director directly owned 130,011 shares of the company’s stock, valued at $1,889,059.83. This represents a 8.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ichor

Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings in Ichor by 27.7% in the first quarter. Royal Bank of Canada now owns 9,891 shares of the technology company’s stock worth $224,000 after purchasing an additional 2,146 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Ichor by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company’s stock worth $444,000 after buying an additional 865 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Ichor by 286.0% in the 1st quarter. Jane Street Group LLC now owns 53,277 shares of the technology company’s stock valued at $1,205,000 after buying an additional 39,476 shares during the period. Rhumbline Advisers grew its position in shares of Ichor by 0.9% during the 1st quarter. Rhumbline Advisers now owns 99,149 shares of the technology company’s stock valued at $2,242,000 after buying an additional 839 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Ichor by 99,483.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 5,975 shares of the technology company’s stock valued at $117,000 after buying an additional 5,969 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors.

Ichor Trading Up 3.2%

The company has a quick ratio of 1.33, a current ratio of 3.08 and a debt-to-equity ratio of 0.17. The firm’s 50 day moving average is $18.38 and its two-hundred day moving average is $19.16. The stock has a market cap of $990.83 million, a price-to-earnings ratio of -24.02 and a beta of 1.83.

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

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.