Freedom Broker Begins Coverage on Ichor (NASDAQ:ICHR)

Freedom Broker began coverage on shares of Ichor (NASDAQ:ICHR) in a report released on Friday, Benzinga reports. The brokerage set a “buy” rating and a $82.00 price target on the technology company’s stock. Freedom Broker’s price objective would indicate a potential upside of 37.64% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. DA Davidson raised shares of Ichor to a “strong-buy” rating in a report on Monday. Oppenheimer upped their target price 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. Wall Street Zen downgraded shares of Ichor from a “buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ichor in a research note on Monday, September 21st. Finally, Needham & Company LLC boosted their price target on shares of Ichor from $72.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $85.89.

Ichor Stock Up 1.3%

Shares of ICHR traded up $0.74 during mid-day trading on Friday, reaching $59.57. The company’s stock had a trading volume of 213,028 shares, compared to its average volume of 970,757. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.70 and a quick ratio of 2.07. Ichor has a 12-month low of $14.06 and a 12-month high of $113.58. The stock has a market cap of $2.23 billion, a PE ratio of -50.73 and a beta of 1.79. The company’s 50 day moving average is $60.54 and its 200 day moving average is $69.51.

Ichor (NASDAQ:ICHR) last posted its earnings results on Monday, August 3rd. The technology company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. The firm had revenue of $294.78 million during the quarter, compared to analysts’ expectations of $300.17 million. Ichor had a positive return on equity of 0.47% and a negative net margin of 3.97%.The firm’s revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.03 earnings per share. Ichor has set its Q3 2026 guidance at 0.400-0.500 EPS. Equities analysts anticipate that Ichor will post 1.13 EPS for the current fiscal year.

Insider Activity

In other Ichor news, Director Iain MacKenzie sold 20,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the director owned 102,427 shares in the company, valued at approximately $5,188,951.82. This represents a 16.34% decrease in their position. The sale was disclosed in a 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, CFO Greg Swyt sold 2,068 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $58.02, for a total transaction of $119,985.36. Following the completion of the sale, the chief financial officer owned 47,832 shares of the company’s stock, valued at $2,775,212.64. This trade represents a 4.14% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 46,740 shares of company stock valued at $2,602,960. Corporate insiders own 1.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in shares of Ichor by 54.3% during the 2nd quarter. Wellington Management Group LLP now owns 1,108,844 shares of the technology company’s stock worth $124,501,000 after purchasing an additional 390,017 shares during the period. Kennedy Capital Management LLC boosted its position in shares of Ichor by 20.9% in the fourth quarter. Kennedy Capital Management LLC now owns 892,524 shares of the technology company’s stock worth $16,449,000 after acquiring an additional 154,404 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Ichor by 2.1% in the first quarter. Principal Financial Group Inc. now owns 167,350 shares of the technology company’s stock valued at $7,800,000 after purchasing an additional 3,494 shares during the period. Needham Investment Management LLC grew its holdings in Ichor by 31.7% in the fourth quarter. Needham Investment Management LLC now owns 158,000 shares of the technology company’s stock valued at $2,912,000 after purchasing an additional 38,000 shares during the period. Finally, Sei Investments Co. increased its position in Ichor by 61.7% during the first quarter. Sei Investments Co. now owns 113,531 shares of the technology company’s stock worth $5,292,000 after purchasing an additional 43,320 shares during the last quarter. 94.81% of the stock is currently owned by institutional investors and hedge funds.

About Ichor

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.