Oppenheimer Reaffirms Market Perform Rating for Ichor (NASDAQ:ICHR)

Ichor (NASDAQ:ICHR)‘s stock had its “market perform” rating reiterated by investment analysts at Oppenheimer in a research report issued on Tuesday, MarketBeat reports. They currently have a $32.00 price target on the technology company’s stock, up from their previous price target of $30.00. Oppenheimer’s price target points to a potential upside of 3.63% from the stock’s previous close.

A number of other research firms also recently issued reports on ICHR. Zacks Research upgraded Ichor from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Stifel Nicolaus upped their price target on Ichor from $21.00 to $25.00 and gave the stock a “hold” rating in a research report on Wednesday, January 14th. B. Riley raised their price target on shares of Ichor from $19.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of Ichor in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of Ichor from a “hold” rating to a “strong sell” rating in a report on Saturday, November 8th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Ichor has a consensus rating of “Hold” and an average price target of $30.14.

Ichor Stock Performance

Shares of ICHR stock opened at $30.88 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.33 and a current ratio of 3.08. Ichor has a 52 week low of $13.12 and a 52 week high of $35.56. The company’s 50 day moving average price is $21.29 and its two-hundred day moving average price is $19.67. The company has a market capitalization of $1.06 billion, a P/E ratio of -25.73 and a beta of 1.83.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings data on Monday, November 3rd. The technology company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.05). The company had revenue of $239.30 million for the quarter, compared to the consensus estimate of $235.14 million. Ichor had a negative return on equity of 0.96% and a negative net margin of 4.26%.The firm’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.12 EPS. Ichor has set its Q4 2025 guidance at -0.140-0.020 EPS. On average, analysts expect that Ichor will post 1.01 earnings per share for the current fiscal year.

Insider Activity at Ichor

In other news, Director Iain Mackenzie bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was acquired at an average cost of $14.53 per share, with a total value of $145,300.00. Following the completion of the purchase, the director owned 130,011 shares of the company’s stock, valued at $1,889,059.83. This represents a 8.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.90% of the company’s stock.

Institutional Trading of Ichor

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in Ichor by 27.7% in the first quarter. Royal Bank of Canada now owns 9,891 shares of the technology company’s stock valued at $224,000 after acquiring an additional 2,146 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 valued at $444,000 after purchasing an additional 865 shares during the period. Jane Street Group LLC lifted its stake in Ichor by 286.0% in the 1st quarter. Jane Street Group LLC now owns 53,277 shares of the technology company’s stock valued at $1,205,000 after purchasing an additional 39,476 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Ichor by 99,483.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 5,975 shares of the technology company’s stock valued at $117,000 after purchasing an additional 5,969 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Ichor by 95.1% during the second quarter. GAMMA Investing LLC now owns 1,619 shares of the technology company’s stock worth $32,000 after purchasing an additional 789 shares during the period. 94.81% of the stock is owned by institutional investors.

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.