Ichor (NASDAQ:ICHR) Stock Price Up 7.6% – Still a Buy?
by Sarita Garza · The Markets DailyIchor Holdings, Ltd. (NASDAQ:ICHR – Get Free Report)’s stock price was up 7.6% on Wednesday . The stock traded as high as $32.38 and last traded at $32.90. Approximately 201,720 shares changed hands during trading, a decline of 81% from the average daily volume of 1,035,298 shares. The stock had previously closed at $30.57.
Analyst Ratings Changes
Several equities research analysts have recently commented on ICHR shares. Stifel Nicolaus boosted their price target on shares of Ichor from $21.00 to $25.00 and gave the company a “hold” rating in a report on Wednesday, January 14th. DA Davidson decreased their target price on Ichor from $35.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, November 4th. Needham & Company LLC raised Ichor from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Tuesday. Zacks Research upgraded Ichor from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Finally, Wall Street Zen cut shares of Ichor from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 8th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $29.14.
Check Out Our Latest Analysis on Ichor
Ichor Price Performance
The company has a quick ratio of 1.33, a current ratio of 3.08 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -26.18 and a beta of 1.83. The stock’s 50-day simple moving average is $20.31 and its two-hundred day simple moving average is $19.55.
Ichor (NASDAQ:ICHR – Get Free Report) last released its earnings results on Monday, November 3rd. The technology company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). Ichor had a negative return on equity of 0.96% and a negative net margin of 4.26%.The company had revenue of $239.30 million for the quarter, compared to analysts’ expectations of $235.14 million. During the same period in the prior year, the firm earned $0.12 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. Ichor has set its Q4 2025 guidance at -0.140-0.020 EPS. Equities research analysts predict that Ichor Holdings, Ltd. will post 1.01 earnings per share for the current year.
Insider Buying and Selling at Ichor
In related news, Director Iain Mackenzie purchased 10,000 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was acquired at an average cost of $14.53 per share, for a total transaction of $145,300.00. Following the completion of the transaction, the director directly owned 130,011 shares of the company’s stock, valued at approximately $1,889,059.83. This trade represents a 8.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by corporate insiders.
Institutional Trading of Ichor
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Ichor by 497.2% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,698,239 shares of the technology company’s stock worth $29,753,000 after purchasing an additional 1,413,870 shares during the last quarter. Invesco Ltd. boosted its position in shares of Ichor by 61.8% during the 3rd quarter. Invesco Ltd. now owns 1,253,457 shares of the technology company’s stock worth $21,961,000 after purchasing an additional 478,952 shares during the period. Millennium Management LLC raised its position in Ichor by 1,710.7% in the third quarter. Millennium Management LLC now owns 855,011 shares of the technology company’s stock valued at $14,980,000 after purchasing an additional 807,792 shares during the period. Geode Capital Management LLC lifted its stake in Ichor by 0.7% during the second quarter. Geode Capital Management LLC now owns 826,399 shares of the technology company’s stock worth $16,233,000 after purchasing an additional 5,691 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Ichor by 2.0% in the third quarter. Alliancebernstein L.P. now owns 812,815 shares of the technology company’s stock valued at $14,241,000 after buying an additional 15,924 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.
Ichor Company Profile
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.