Wall Street Zen upgraded shares of Ichor (NASDAQ:ICHR – Free Report) from a hold rating to a buy rating in a research report released on Saturday morning,Wall Street Zen reports.
A number of other brokerages have also recently issued reports on ICHR. 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. Zacks Research upgraded shares of Ichor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 19th. Oppenheimer boosted their price objective on shares of Ichor from $60.00 to $80.00 and gave the company a “market perform” rating in a report on Tuesday, August 4th. TD Cowen decreased their target price on shares of Ichor from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Finally, B. Riley Financial lowered their price objective on Ichor from $125.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.
Read Our Latest Analysis on ICHR
Ichor Price Performance
Ichor (NASDAQ:ICHR – Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $294.78 million during the quarter, compared to the consensus estimate of $300.17 million. During the same period in the previous year, the company posted $0.03 EPS. The firm’s quarterly revenue was up 22.7% on a year-over-year basis. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. Equities research analysts predict that Ichor will post 1.13 earnings per share for the current year.
Insider Transactions at Ichor
In other news, Director Iain MacKenzie sold 9,933 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $65.76, for a total transaction of $653,194.08. Following the transaction, the director directly owned 122,427 shares of the company’s stock, valued at $8,050,799.52. This represents a 7.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Philip Barros, Jr. sold 1,314 shares of the stock in a transaction on 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 in the company, valued at approximately $9,997,456.56. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Insiders sold 28,654 shares of company stock valued at $1,739,932 over the last ninety days. Company insiders own 1.70% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. Royal Bank of Canada increased its position in shares of Ichor by 27.7% during the first quarter. Royal Bank of Canada now owns 9,891 shares of the technology company’s stock worth $224,000 after acquiring an additional 2,146 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Ichor by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company’s stock valued at $444,000 after purchasing an additional 865 shares during the last quarter. Jane Street Group LLC increased its holdings in Ichor by 286.0% during the 1st quarter. Jane Street Group LLC now owns 53,277 shares of the technology company’s stock worth $1,205,000 after purchasing an additional 39,476 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Ichor by 75.9% in the second quarter. Gamco Investors INC. ET AL now owns 24,100 shares of the technology company’s stock worth $473,000 after purchasing an additional 10,400 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Ichor by 243.1% in the second quarter. Federated Hermes Inc. now owns 107,629 shares of the technology company’s stock worth $2,114,000 after purchasing an additional 76,257 shares during the last quarter. 94.81% of the stock is 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.
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