Shares of Ichor Holdings Ltd (NASDAQ:ICHR) have been assigned a consensus rating of “Hold” from the ten ratings firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $26.29.
ICHR has been the topic of a number of recent analyst reports. BidaskClub lowered Ichor from a “hold” rating to a “sell” rating in a research report on Saturday, August 10th. Northland Securities lowered Ichor from an “outperform” rating to a “market perform” rating and increased their target price for the company from $22.00 to $25.00 in a research report on Wednesday, May 8th. Stifel Nicolaus set a $31.00 price objective on Ichor and gave the company a “buy” rating in a report on Wednesday, August 7th. Cowen restated an “outperform” rating and issued a $26.00 price objective (up previously from $24.00) on shares of Ichor in a report on Wednesday, May 8th. Finally, DA Davidson lowered Ichor from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $32.00 to $25.00 in a report on Monday, July 8th.
Large investors have recently modified their holdings of the stock. Aperio Group LLC acquired a new stake in shares of Ichor during the 2nd quarter worth about $98,000. Flinton Capital Management LLC increased its position in shares of Ichor by 20.3% during the 2nd quarter. Flinton Capital Management LLC now owns 4,176 shares of the technology company’s stock worth $99,000 after purchasing an additional 704 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Ichor by 75,966.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,564 shares of the technology company’s stock valued at $103,000 after acquiring an additional 4,558 shares during the period. Riverhead Capital Management LLC boosted its holdings in Ichor by 21.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,600 shares of the technology company’s stock valued at $109,000 after acquiring an additional 800 shares during the period. Finally, Bank of Montreal Can boosted its holdings in Ichor by 83.9% during the 2nd quarter. Bank of Montreal Can now owns 4,734 shares of the technology company’s stock valued at $112,000 after acquiring an additional 2,160 shares during the period. 91.95% of the stock is owned by hedge funds and other institutional investors.
Ichor (NASDAQ:ICHR) last released its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). Ichor had a return on equity of 12.97% and a net margin of 2.52%. The company had revenue of $139.20 million during the quarter, compared to analysts’ expectations of $138.31 million. During the same quarter in the prior year, the company posted $1.02 EPS. The company’s revenue for the quarter was down 44.1% on a year-over-year basis. On average, sell-side analysts expect that Ichor will post 0.9 earnings per share for the current fiscal year.
Ichor Company Profile
Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery 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 electroplating and cleaning.
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