Ichor (NASDAQ:ICHR – Get Free Report) was upgraded by equities researchers at DA Davidson to a “strong-buy” rating in a report released on Monday, Zacks reports.
A number of other brokerages have also commented on ICHR. Needham & Company LLC increased their price target on shares of Ichor from $72.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ichor in a research note on Monday, September 21st. B. Riley Financial lowered their price target on Ichor from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Stifel Nicolaus raised their price target on Ichor from $76.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, TD Cowen dropped their price target on Ichor from $115.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.
View Our Latest Stock Analysis on ICHR
Ichor Stock Down 1.4%
Ichor (NASDAQ:ICHR – Get Free Report) last announced 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 for the quarter, compared to the consensus estimate of $300.17 million. During the same period last year, the firm posted $0.03 earnings per share. Ichor’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. Sell-side analysts expect that Ichor will post 1.13 earnings per share for the current fiscal year.
Insider Buying and Selling at Ichor
In other Ichor news, CFO Greg Swyt sold 2,068 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were 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 directly owned 47,832 shares of the company’s stock, valued at $2,775,212.64. The trade was a 4.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Iain MacKenzie sold 20,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $50.66, for a total transaction of $1,013,200.00. Following the sale, the director owned 102,427 shares of the company’s stock, valued at approximately $5,188,951.82. The trade was a 16.34% 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 46,740 shares of company stock worth $2,602,960 in the last 90 days. 1.70% of the stock is owned by company insiders.
Hedge Funds Weigh In On Ichor
Large investors have recently bought and sold shares of the stock. Versant Capital Management Inc increased its stake in shares of 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 buying an additional 126 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Ichor during the 2nd quarter valued at $45,000. Allworth Financial LP boosted its position in Ichor by 125.1% during the 2nd quarter. Allworth Financial LP now owns 421 shares of the technology company’s stock valued at $47,000 after buying an additional 234 shares during the period. AdvisorNet Financial Inc purchased a new stake in Ichor during the 1st quarter valued at $37,000. Finally, KBC Group NV bought a new stake in Ichor in the 1st quarter worth $44,000. 94.81% of the stock is owned by hedge funds and other institutional investors.
Ichor Company Profile
Ichor Holdings, Ltd. (NASDAQ: ICHR) designs, engineers and manufactures critical fluid-delivery subsystems and components used in semiconductor manufacturing equipment. Its products help deliver, control and distribute gases and chemicals used in wafer fabrication processes.
The company’s offerings include gas and chemical delivery systems, precision-machined components, weldments, assemblies and other specialized components for semiconductor capital equipment. Ichor primarily serves original equipment manufacturers and other customers involved in the production of semiconductor devices.
Founded in 1999, Ichor is headquartered in Fremont, California, and operates manufacturing and engineering facilities across several regions, including North America, Europe and Asia.
Further Reading
- Five stocks we like better than Ichor
- Constellation Energy’s Google Deal Shows Why Nuclear Uprates Matter for AI
- Lamb Weston’s Turnaround Is Starting to Look Real
- These 3 Stocks Got the Most Love From Analysts in September
- Record French Debt Could Create Opportunities for U.S. Market Operators
Receive News & Ratings for Ichor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ichor and related companies with MarketBeat.com's FREE daily email newsletter.
