Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial - Chart
- Upturn Summary
- Highlights
- Valuation
Upturn AI SWOT - About
ICHR 
Ichor Holdings Ltd (ICHR)
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)
Stock price based on last close (see disclosures)
- ALL
- 1Y
- 1M
- 1W
Upturn Advisory Summary
12/02/2025: ICHR (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
7 Analysts rated it
Limited analyst coverage, niche firm, research info may be scarce.
1 Year Target Price $23.83
1 Year Target Price $23.83
| 5 | Strong Buy |
| 0 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -51.19% | Avg. Invested days 24 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/02/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 568.72M USD | Price to earnings Ratio - | 1Y Target Price 23.83 |
Price to earnings Ratio - | 1Y Target Price 23.83 | ||
Volume (30-day avg) 7 | Beta 1.8 | 52 Weeks Range 13.12 - 36.48 | Updated Date 12/2/2025 |
52 Weeks Range 13.12 - 36.48 | Updated Date 12/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.2 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-11-03 | When After Market | Estimate 0.12 | Actual 0.07 |
Profitability
Profit Margin -4.26% | Operating Margin (TTM) -0.48% |
Management Effectiveness
Return on Assets (TTM) -0.24% | Return on Equity (TTM) -5.94% |
Valuation
Trailing PE - | Forward PE 26.25 | Enterprise Value 648277080 | Price to Sales(TTM) 0.59 |
Enterprise Value 648277080 | Price to Sales(TTM) 0.59 | ||
Enterprise Value to Revenue 0.68 | Enterprise Value to EBITDA 208.45 | Shares Outstanding 34384231 | Shares Floating 33745372 |
Shares Outstanding 34384231 | Shares Floating 33745372 | ||
Percent Insiders 2.11 | Percent Institutions 98.2 |
Upturn AI SWOT
Ichor Holdings Ltd
Company Overview
History and Background
Ichor Holdings Ltd was founded in 2012, specializing in design, engineering, and manufacturing of fluid delivery subsystems and process equipment for semiconductor manufacturing.
Core Business Areas
- Gas Delivery Systems: Design and manufacture gas delivery systems that precisely control the flow of gases used in semiconductor manufacturing processes.
- Chemical Delivery Systems: Design and manufacture chemical delivery systems that accurately deliver chemicals used in semiconductor manufacturing processes.
- Process Equipment: Manufacture process equipment used in various semiconductor manufacturing steps, including etching, deposition, and cleaning.
- On-site Services: Provides maintenance, repair, and spare parts for installed equipment to ensure optimal operation.
Leadership and Structure
Jeffrey S. Lipton is the CEO. The company operates with a functional organizational structure.
Top Products and Market Share
Key Offerings
- Gas Delivery Systems: Gas delivery systems are crucial for precise gas control in semiconductor manufacturing. Ichor competes with companies like Brooks Automation and Advanced Energy. Market share is estimated around 20% based on market revenues. Revenue from this product comprises approximately 50% of total sales.
- Chemical Delivery Systems: Chemical delivery systems are critical for accurate chemical delivery in semiconductor manufacturing processes. The competitive landscape includes companies such as Entegris and Mott Corporation. Ichor market share is approximately 15%. Revenue contribution is roughly 30% of total sales.
- Process Equipment: Etch and deposition equipment components. Competitors include Applied Materials and Lam Research. No significant market share due to highly customized nature of product
Market Dynamics
Industry Overview
The semiconductor equipment industry is characterized by technological advancements, cyclical demand, and high capital intensity. Growth is driven by increased demand for semiconductors in various applications.
Positioning
Ichor is a key player in the semiconductor equipment supply chain, providing essential fluid delivery systems and process equipment. It differentiates itself through technological expertise and customer relationships.
Total Addressable Market (TAM)
The semiconductor equipment market is estimated at $100 billion annually. Ichor's TAM is approximately $2 billion, representing its focus on fluid delivery systems and process equipment.
Upturn SWOT Analysis
Strengths
- Strong customer relationships
- Technical expertise in fluid delivery systems
- Established presence in the semiconductor equipment market
- Agile manufacturing capabilities
- Extensive product portfolio
Weaknesses
- Dependence on the cyclical semiconductor industry
- Limited diversification beyond semiconductor equipment
- Customer concentration - rely on a handful of customers
- Small market share vs larger companies
Opportunities
- Expansion into adjacent markets, such as life sciences
- Increased adoption of advanced packaging technologies
- Growth in demand for semiconductor equipment due to 5G and AI
- Growth from semiconductor fab expansion
Threats
- Economic downturns affecting semiconductor demand
- Technological obsolescence
- Increased competition from established players
- Supply chain disruptions
- Geopolitical risks
Competitors and Market Share
Key Competitors
- BRKS
- AEIS
- ENTG
Competitive Landscape
Ichor faces competition from larger, more established players with broader product portfolios. Its competitive advantages include technical expertise, customer relationships, and flexible manufacturing capabilities.
Major Acquisitions
Kensington Labs
- Year: 2020
- Acquisition Price (USD millions): 70
- Strategic Rationale: Expanded Ichor's product portfolio and customer base.
Growth Trajectory and Initiatives
Historical Growth: Ichor's growth has been driven by increased demand for semiconductor equipment, reflecting the broader trends in the semiconductor industry.
Future Projections: Analyst projections indicate continued growth for Ichor, driven by expanding semiconductor manufacturing capacity. Growth rate projection is 10-15% annually over the next 3-5 years.
Recent Initiatives: Ichor has invested in expanding its manufacturing capacity and developing new product offerings. Focus on sustainable practices.
Summary
Ichor is a solid player in the semiconductor equipment market, benefiting from industry growth and strong customer relationships. However, its reliance on the cyclical semiconductor industry and competition from larger players pose risks. Continued innovation and diversification are critical for future success. Recent acquisitions have increased the product breadth and customer base of Ichor.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings (10-K, 10-Q)
- Analyst reports
- Industry publications
- Company Website
Disclaimers:
This analysis is based on available information and represents an opinion. It is not financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Ichor Holdings Ltd
Exchange NASDAQ | Headquaters Fremont, CA, United States | ||
IPO Launch date 2016-12-09 | CEO & Director Mr. Philip Barros | ||
Sector Technology | Industry Semiconductor Equipment & Materials | Full time employees 1820 | Website https://www.ichorsystems.com |
Full time employees 1820 | Website https://www.ichorsystems.com | ||
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. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising chemical-mechanical planarization, electroplating, and cleaning. In addition, it manufactures precision machined components, weldments, electron beam, laser-welded components, precision vacuum and hydrogen brazing, surface treatment technologies, and other proprietary products. It primarily markets its products to equipment OEMs in the semiconductor equipment market in Japan. Ichor Holdings, Ltd. was incorporated in 1999 and is headquartered in Fremont, California.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.