Ichor (NASDAQ:ICHR) Cut to Hold at Zacks Research

Zacks Research cut shares of Ichor (NASDAQ:ICHR) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports.

ICHR has been the topic of several other research reports. TD Cowen raised their target price on shares of Ichor from $80.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Oppenheimer boosted their price target 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. Weiss Ratings restated a “sell (d-)” rating on shares of Ichor in a report on Wednesday, June 24th. Needham & Company LLC raised their price objective on shares of Ichor from $48.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Stifel Nicolaus lifted their target price on shares of Ichor from $76.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Ichor has a consensus rating of “Moderate Buy” and an average price target of $82.29.

Ichor Trading Down 1.4%

Shares of ICHR opened at $94.02 on Tuesday. The stock’s fifty day simple moving average is $84.66 and its 200-day simple moving average is $60.36. The firm has a market capitalization of $3.28 billion, a PE ratio of -63.53 and a beta of 1.78. Ichor has a 12-month low of $13.12 and a 12-month high of $113.58. The company has a quick ratio of 1.21, a current ratio of 2.82 and a debt-to-equity ratio of 0.17.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings data on Monday, May 4th. The technology company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The firm had revenue of $256.07 million during the quarter, compared to analyst estimates of $251.32 million. Ichor had a negative return on equity of 1.10% and a negative net margin of 5.28%.The company’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the company earned $0.12 earnings per share. Ichor has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, research analysts predict that Ichor will post 0.97 earnings per share for the current year.

Insider Activity

In related news, Director Marc Haugen sold 9,923 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $72.11, for a total value of $715,547.53. Following the sale, the director directly owned 16,162 shares of the company’s stock, valued at approximately $1,165,441.82. The trade was a 38.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Philip Ryan Sr. Barros sold 13,705 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $70.19, for a total transaction of $961,953.95. Following the completion of the transaction, the chief executive officer directly owned 165,078 shares of the company’s stock, valued at approximately $11,586,824.82. The trade was a 7.67% 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. In the last quarter, insiders sold 79,447 shares of company stock valued at $5,678,621. Company insiders own 1.70% of the company’s stock.

Institutional Trading of Ichor

A number of institutional investors have recently modified their holdings of the company. Invesco Ltd. raised its holdings in shares of Ichor by 141.2% in the fourth quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock valued at $55,730,000 after purchasing an additional 1,770,425 shares during the last quarter. Millennium Management LLC boosted its holdings in Ichor by 1,710.7% during the third quarter. Millennium Management LLC now owns 855,011 shares of the technology company’s stock worth $14,980,000 after purchasing an additional 807,792 shares during the last quarter. Royce & Associates LP grew its position 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 in the last quarter. J. Goldman & Co LP acquired a new stake in Ichor in the 4th quarter valued at $6,663,000. Finally, Heartland Advisors Inc. acquired a new stake in Ichor in the 4th quarter valued at $5,529,000. 94.81% of the stock is currently owned by institutional investors.

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.