B. Riley Raises Ichor (NASDAQ:ICHR) Price Target to $40.00

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Ichor (NASDAQ:ICHR) had its price objective boosted by B. Riley from $35.00 to $40.00 in a report released on Wednesday, The Fly reports. They currently have a buy rating on the technology company’s stock.

A number of other research analysts also recently weighed in on the company. Zacks Investment Research raised Ichor from a sell rating to a hold rating in a research note on Thursday, October 31st. BidaskClub raised Ichor from a hold rating to a buy rating in a research note on Thursday, October 17th. Stifel Nicolaus set a $31.00 price target on Ichor and gave the company a buy rating in a research note on Wednesday, August 7th. ValuEngine downgraded Ichor from a hold rating to a sell rating in a research note on Monday, October 7th. Finally, Needham & Company LLC increased their price target on Ichor to $36.00 and gave the company a buy rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $32.86.

Shares of NASDAQ ICHR traded down $0.20 during trading hours on Wednesday, hitting $31.37. 600,400 shares of the company’s stock were exchanged, compared to its average volume of 305,283. The stock has a market capitalization of $705.68 million, a price-to-earnings ratio of 11.24 and a beta of 2.82. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.29 and a quick ratio of 2.29. The company’s 50-day moving average price is $26.51 and its 200-day moving average price is $24.05. Ichor has a 1-year low of $14.23 and a 1-year high of $32.55.

Ichor (NASDAQ:ICHR) last announced its quarterly earnings data on Tuesday, November 5th. The technology company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.08. The firm had revenue of $154.46 million for the quarter, compared to analyst estimates of $149.96 million. Ichor had a return on equity of 9.48% and a net margin of 1.09%. The business’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same period last year, the company earned $0.55 EPS. On average, research analysts expect that Ichor will post 0.9 earnings per share for the current year.

In other news, CTO Philip Ryan Sr. Barros sold 15,338 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $23.18, for a total value of $355,534.84. Following the transaction, the chief technology officer now owns 56,475 shares of the company’s stock, valued at approximately $1,309,090.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of ICHR. LSV Asset Management raised its stake in Ichor by 170.7% during the 2nd quarter. LSV Asset Management now owns 513,858 shares of the technology company’s stock worth $12,147,000 after buying an additional 324,058 shares during the period. BlackRock Inc. raised its stake in Ichor by 5.5% during the 2nd quarter. BlackRock Inc. now owns 3,453,464 shares of the technology company’s stock worth $81,639,000 after buying an additional 180,814 shares during the period. Wells Fargo & Company MN raised its stake in Ichor by 83.7% during the 2nd quarter. Wells Fargo & Company MN now owns 277,689 shares of the technology company’s stock worth $6,565,000 after buying an additional 126,508 shares during the period. Morgan Stanley raised its stake in Ichor by 830.1% during the 2nd quarter. Morgan Stanley now owns 134,623 shares of the technology company’s stock worth $3,182,000 after buying an additional 120,149 shares during the period. Finally, Nuveen Asset Management LLC acquired a new stake in Ichor during the 2nd quarter worth $2,076,000. 87.28% of the stock is currently owned by institutional investors and hedge funds.

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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The Fly

Analyst Recommendations for Ichor (NASDAQ:ICHR)

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