Stifel Nicolaus Raises Ichor Holdings Target to $25, Shares Gap Up to $29.60
Stifel Nicolaus raised Ichor Holdings’ price target to $25.00 from $21.00, while maintaining a hold rating, prompting shares to open at $29.60 after a $27.92 close with 258,212 shares traded. Analysts’ consensus price target stands at $26.00 based on four buy, four hold, and one sell ratings.
1. Analyst Rating Updates
Stifel Nicolaus raised its price target on Ichor Holdings from 21.00 to 25.00 while maintaining a hold rating. Oppenheimer upgraded the stock from market perform to outperform and also increased its target from 21.00 to 25.00. DA Davidson trimmed its target from 35.00 to 30.00 and reaffirmed a buy rating. Zacks Research lifted its view from strong sell to hold, Weiss Ratings reiterated a sell (D–) rating, and Wall Street Zen downgraded the stock from hold to strong sell. Among nine covering firms, four rate Ichor as a buy, four as a hold and one as a sell, resulting in a consensus hold and an average target of 26.00.
2. Insider Transaction Details
Director Iain Mackenzie acquired 10,000 shares at an average cost of 14.53 per share for a total outlay of approximately 145,300. Following the purchase, his direct ownership rose to 130,011 shares—an 8.33% increase—valued at roughly 1.89 million. Insider holdings represent 1.90% of the company’s total shares outstanding, underscoring management’s confidence in the business outlook.
3. Institutional Ownership Movements
Royal Bank of Canada boosted its stake by 27.7% to 9,891 shares (valued at 224,000) in the first quarter. MIRAE ASSET GLOBAL ETFS added 865 shares (4.6%) to reach 19,645 shares (444,000). Jane Street Group increased its position by 286.0%, acquiring 53,277 shares (1,205,000). Rhumbline Advisers added 839 shares (0.9%) to hold 99,149 shares (2,242,000). Farther Finance Advisors catapulted its stake by 99,483.3% to 5,975 shares (117,000). Overall, institutional investors now own 94.81% of Ichor’s outstanding stock.
4. Recent Quarterly Results and Guidance
In its latest quarter, Ichor reported earnings of 0.07 per share, missing consensus estimates by 0.05, while revenue of 239.3 million exceeded projections by 4.16 million and represented a 13.4% year-over-year increase. The company logged a negative net margin of 4.26% and a return on equity of –0.96%. Management set fourth-quarter guidance between –0.14 and –0.02 per share and analysts project full-year EPS of 1.01.