Ichor (NASDAQ:ICHR) Downgraded by Zacks Research to Strong Sell

Zacks Research cut shares of Ichor (NASDAQ:ICHR) from a hold rating to a strong sell rating in a research note published on Thursday morning,Zacks.com reports.

A number of other equities research analysts have also issued reports on the stock. Stifel Nicolaus set a $21.00 price target on shares of Ichor and gave the company a “hold” rating in a report on Tuesday. TD Cowen cut their target price on shares of Ichor from $28.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, August 5th. Oppenheimer set a $21.00 target price on Ichor and gave the company a “market perform” rating in a report on Tuesday, August 5th. Wall Street Zen downgraded Ichor from a “hold” rating to a “strong sell” rating in a report on Saturday. Finally, DA Davidson reduced their price objective on Ichor from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $22.40.

Ichor Price Performance

Shares of NASDAQ ICHR traded down $0.12 during mid-day trading on Thursday, reaching $14.97. The company had a trading volume of 1,353,979 shares, compared to its average volume of 1,040,839. Ichor has a 1-year low of $13.12 and a 1-year high of $36.48. The stock has a market cap of $514.67 million, a PE ratio of -12.47 and a beta of 1.95. The company has a current ratio of 3.08, a quick ratio of 1.32 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $19.11 and a two-hundred day moving average price of $19.07.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Monday, November 3rd. The technology company reported $0.07 earnings per share 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 company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.12 EPS. Ichor has set its Q4 2025 guidance at -0.140-0.020 EPS. On average, equities analysts anticipate that Ichor will post 1.01 earnings per share for the current year.

Institutional Investors Weigh In On Ichor

A number of large investors have recently bought and sold shares of ICHR. American Century Companies Inc. raised its holdings in Ichor by 10,313.1% during the first quarter. American Century Companies Inc. now owns 1,233,437 shares of the technology company’s stock valued at $27,888,000 after buying an additional 1,221,592 shares in the last quarter. Nuveen LLC bought a new position in shares of Ichor in the 1st quarter valued at approximately $13,726,000. Wellington Management Group LLP lifted its holdings in Ichor by 42.6% in the 1st quarter. Wellington Management Group LLP now owns 1,663,070 shares of the technology company’s stock worth $37,602,000 after purchasing an additional 496,866 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Ichor by 143.9% during the second quarter. Bank of New York Mellon Corp now owns 515,638 shares of the technology company’s stock valued at $10,127,000 after purchasing an additional 304,228 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Ichor by 231.3% in the second quarter. Ameriprise Financial Inc. now owns 393,371 shares of the technology company’s stock valued at $7,726,000 after purchasing an additional 274,633 shares during the period. 94.81% of the stock is currently owned by institutional investors.

About Ichor

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.