Ichor (NASDAQ:ICHR) Upgraded by Oppenheimer to “Outperform” Rating

Ichor (NASDAQ:ICHR) was upgraded by analysts at Oppenheimer from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, MarketBeat reports. The brokerage currently has a $25.00 price objective on the technology company’s stock. Oppenheimer’s target price would suggest a potential upside of 64.37% from the company’s previous close.

Other analysts also recently issued reports about the stock. B. Riley downgraded shares of Ichor from a “buy” rating to a “neutral” rating and set a $18.00 price target for the company. in a research note on Tuesday, August 5th. Wall Street Zen lowered Ichor from a “hold” rating to a “strong sell” rating in a research report on Saturday. TD Cowen reduced their price objective on Ichor from $28.00 to $22.00 and set a “buy” rating for the company in a research report on Tuesday, August 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Ichor in a research note on Wednesday, October 8th. Finally, DA Davidson reduced their price target on shares of Ichor from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $23.20.

Ichor Stock Performance

Shares of ICHR stock opened at $15.21 on Wednesday. Ichor has a 12 month low of $13.12 and a 12 month high of $36.48. The firm’s 50 day moving average is $19.05 and its 200 day moving average is $18.99. The company has a current ratio of 3.08, a quick ratio of 1.33 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $522.98 million, a P/E ratio of -12.67 and a beta of 1.95.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Monday, November 3rd. The technology company reported $0.07 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $239.30 million during the quarter, compared to the consensus estimate of $235.14 million. During the same period in the previous year, the company posted $0.12 EPS. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. Ichor has set its Q4 2025 guidance at -0.140-0.020 EPS. On average, sell-side analysts anticipate that Ichor will post 1.01 earnings per share for the current year.

Institutional Investors Weigh In On Ichor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ICHR. Cerity Partners LLC boosted its stake in Ichor by 5.9% during the first quarter. Cerity Partners LLC now owns 9,521 shares of the technology company’s stock worth $215,000 after buying an additional 533 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Ichor by 5.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,447 shares of the technology company’s stock worth $244,000 after buying an additional 666 shares during the period. GAMMA Investing LLC grew its holdings in Ichor by 95.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,619 shares of the technology company’s stock worth $32,000 after acquiring an additional 789 shares in the last quarter. Rhumbline Advisers increased its holdings in Ichor by 0.9% during the first quarter. Rhumbline Advisers now owns 99,149 shares of the technology company’s stock valued at $2,242,000 after buying an additional 839 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Ichor by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,645 shares of the technology company’s stock worth $444,000 after acquiring an additional 865 shares in the last quarter. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

About Ichor

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices.