Analysts Set Ichor Holdings, Ltd. (NASDAQ:ICHR) PT at $87.00

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHRGet Free Report) have been assigned an average rating of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $87.00.

ICHR has been the topic of several recent research reports. TD Cowen dropped their price objective on shares of Ichor from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Needham & Company LLC raised their target price on shares of Ichor from $72.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. DA Davidson set a $85.00 target price on shares of Ichor in a research report on Wednesday, August 5th. Stifel Nicolaus boosted their target price on shares of Ichor from $76.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Zacks Research raised shares of Ichor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 19th.

Check Out Our Latest Stock Report on ICHR

Insider Buying and Selling

In other news, CEO Philip Barros, Jr. sold 1,314 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $61.88, for a total value of $81,310.32. Following the completion of the transaction, the chief executive officer owned 161,562 shares of the company’s stock, valued at $9,997,456.56. The trade was a 0.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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. Also, CFO Greg Swyt sold 2,068 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $58.02, for a total value of $119,985.36. Following the completion of the sale, the chief financial officer owned 47,832 shares in the company, valued at $2,775,212.64. The trade was a 4.14% decrease in their position. 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 23,902 shares of company stock worth $1,404,273. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Ichor

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System increased its holdings in Ichor by 10,835.2% in the second quarter. California State Teachers Retirement System now owns 4,462,232 shares of the technology company’s stock valued at $501,019,000 after buying an additional 4,421,426 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Ichor by 141.2% during the 4th quarter. Invesco Ltd. now owns 3,023,882 shares of the technology company’s stock worth $55,730,000 after acquiring an additional 1,770,425 shares in the last quarter. Millennium Management LLC grew its position in shares of Ichor by 1,710.7% during the 3rd quarter. Millennium Management LLC now owns 855,011 shares of the technology company’s stock valued at $14,980,000 after acquiring an additional 807,792 shares during the period. Royce & Associates LP grew its position in shares of Ichor by 48.5% during the 4th quarter. Royce & Associates LP now owns 1,449,082 shares of the technology company’s stock valued at $26,707,000 after acquiring an additional 473,440 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Ichor by 54.3% in the 2nd quarter. Wellington Management Group LLP now owns 1,108,844 shares of the technology company’s stock worth $124,501,000 after purchasing an additional 390,017 shares during the period. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor Stock Down 3.6%

Shares of ICHR stock opened at $55.77 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.07 and a current ratio of 3.70. Ichor has a fifty-two week low of $14.06 and a fifty-two week high of $113.58. The firm has a market capitalization of $2.09 billion, a PE ratio of -47.67 and a beta of 1.81. The stock’s 50-day simple moving average is $72.37 and its 200-day simple moving average is $67.88.

Ichor (NASDAQ:ICHRGet Free Report) last issued its earnings results on Monday, August 3rd. The technology company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Ichor had a positive return on equity of 0.47% and a negative net margin of 3.97%.The firm had revenue of $294.78 million for the quarter, compared to analyst estimates of $300.17 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. Ichor’s revenue for the quarter was up 22.7% on a year-over-year basis. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. Equities analysts expect that Ichor will post 1.13 earnings per share for the current year.

About Ichor

(Get Free Report)

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.

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Analyst Recommendations for Ichor (NASDAQ:ICHR)

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