On June 29, Ichor Holdings rose 8.91% in regular trading, trading at $101.72/share with turnover of $32.55 million, extending its rally to a fresh 52-week high.
The move was driven by a broad-based surge across the semiconductor equipment sector, with Applied Materials up 10.75%, KLA-Tencor up 8.92%, Lam Research up 8.08%, and Teradyne up 4.78%, as market expectations for an industry cycle recovery strengthened. Additionally, B. Riley on June 18 raised its price target on Ichor to $125 from $90 while maintaining a Buy rating, significantly above the consensus target of $71.43, reflecting institutional confidence in the company's earnings leverage during a semiconductor equipment upcycle.
Ichor reported Q1 adjusted EPS of $0.15, beating the $0.13 consensus by 15%, with revenue of $256.1 million also topping estimates, reinforcing the recovery trajectory under CEO Phil Barros.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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