Wall Street Zen downgraded shares of Ichor (NASDAQ:ICHR – Free Report) from a buy rating to a hold rating in a report released on Sunday,Wall Street Zen reports.
A number of other brokerages also recently weighed in on ICHR. B. Riley Financial lowered their target price on shares of Ichor from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ichor in a research report on Wednesday, June 24th. Oppenheimer increased their price target on Ichor from $60.00 to $80.00 and gave the stock a “market perform” rating in a report on Tuesday, August 4th. Zacks Research raised Ichor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 19th. Finally, DA Davidson set a $85.00 price objective on Ichor in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Ichor presently has an average rating of “Moderate Buy” and an average price target of $87.00.
Read Our Latest Stock Analysis on ICHR
Ichor Stock Performance
Ichor (NASDAQ:ICHR – Get Free Report) last released its earnings results on Monday, August 3rd. The technology company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Ichor had a negative net margin of 3.97% and a positive return on equity of 0.47%. The business had revenue of $294.78 million during the quarter, compared to the consensus estimate of $300.17 million. During the same quarter in the prior year, the firm posted $0.03 EPS. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. As a group, research analysts forecast that Ichor will post 1.13 earnings per share for the current year.
Insider Activity at Ichor
In related news, Director Iain MacKenzie sold 9,933 shares of the stock in a transaction on Tuesday, August 18th. The shares were 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Bruce Ragsdale sold 10,587 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $51.93, for a total transaction of $549,782.91. Following the transaction, the chief operating officer directly owned 92,324 shares in the company, valued at approximately $4,794,385.32. This represents a 10.29% 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. Insiders have sold 23,902 shares of company stock worth $1,404,273 over the last quarter. 1.70% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Ichor
Institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc boosted its holdings in Ichor by 100.0% in the second quarter. Versant Capital Management Inc now owns 252 shares of the technology company’s stock worth $28,000 after acquiring an additional 126 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Ichor during the second quarter valued at approximately $45,000. Allworth Financial LP increased its holdings in shares of Ichor by 125.1% during the second quarter. Allworth Financial LP now owns 421 shares of the technology company’s stock valued at $47,000 after acquiring an additional 234 shares in the last quarter. AdvisorNet Financial Inc acquired a new position in shares of Ichor during the first quarter worth approximately $37,000. Finally, KBC Group NV acquired a new position in shares of Ichor during the first quarter worth approximately $44,000. Institutional investors and hedge funds own 94.81% of the company’s stock.
About Ichor
Ichor Holdings, Ltd. (NASDAQ: ICHR) designs, manufactures and services critical fluid-delivery systems and components used in semiconductor manufacturing equipment. Its products help control and deliver gases and chemicals used in processes such as wafer fabrication, including deposition, etching and cleaning.
The company’s offerings include gas and chemical delivery modules, fluid-management systems, precision-machined components, weldments and related assemblies. Ichor also provides capabilities such as precision machining, welding, electropolishing, cleaning and component testing, allowing it to supply integrated subsystems to semiconductor capital-equipment manufacturers.
Founded in 1999 and headquartered in Fremont, California, Ichor serves a global customer base through engineering and manufacturing operations in North America, Europe and Asia.
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