Ichor (NASDAQ:ICHR) Price Target Raised to $45.00 at Stifel Nicolaus

Ichor (NASDAQ:ICHR) had its price target boosted by Stifel Nicolaus from $40.00 to $45.00 in a research report released on Tuesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the technology company’s stock.

Several other research firms have also recently commented on ICHR. Craig Hallum started coverage on Ichor in a report on Tuesday, April 9th. They issued a buy rating and a $55.00 price target for the company. TD Cowen raised their price target on Ichor from $31.00 to $42.00 and gave the company an outperform rating in a report on Wednesday, February 7th. Needham & Company LLC reissued a buy rating and issued a $42.00 price target on shares of Ichor in a report on Tuesday, March 19th. Finally, B. Riley reissued a neutral rating and issued a $40.00 price target (up from $36.00) on shares of Ichor in a report on Friday, March 15th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Ichor currently has a consensus rating of Moderate Buy and a consensus target price of $46.40.

Ichor Stock Down 1.9 %

Ichor stock opened at $36.87 on Tuesday. Ichor has a twelve month low of $22.26 and a twelve month high of $46.43. The stock has a 50 day moving average of $40.35 and a two-hundred day moving average of $33.75. The company has a current ratio of 4.06, a quick ratio of 1.57 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -25.08 and a beta of 2.02.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings data on Tuesday, February 6th. The technology company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.13). Ichor had a negative return on equity of 0.88% and a negative net margin of 5.30%. The company had revenue of $203.48 million for the quarter, compared to analyst estimates of $197.50 million. As a group, research analysts expect that Ichor will post 0.23 earnings per share for the current year.

Insider Buying and Selling

In other Ichor news, CTO Philip Ryan Sr. Barros sold 7,226 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $45.39, for a total transaction of $327,988.14. Following the completion of the transaction, the chief technology officer now owns 50,490 shares of the company’s stock, valued at $2,291,741.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Ichor news, CTO Philip Ryan Sr. Barros sold 7,226 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $45.39, for a total transaction of $327,988.14. Following the completion of the transaction, the chief technology officer now owns 50,490 shares of the company’s stock, valued at $2,291,741.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas M. Rohrs sold 50,000 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $45.37, for a total value of $2,268,500.00. Following the transaction, the director now directly owns 43,764 shares of the company’s stock, valued at approximately $1,985,572.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 80,659 shares of company stock valued at $3,652,848. 2.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Ichor

A number of hedge funds and other institutional investors have recently made changes to their positions in ICHR. JPMorgan Chase & Co. grew its position in shares of Ichor by 62.2% in the first quarter. JPMorgan Chase & Co. now owns 207,864 shares of the technology company’s stock valued at $7,404,000 after purchasing an additional 79,674 shares during the period. Raymond James & Associates boosted its holdings in Ichor by 12.4% in the first quarter. Raymond James & Associates now owns 43,800 shares of the technology company’s stock valued at $1,560,000 after acquiring an additional 4,832 shares during the last quarter. Citigroup Inc. boosted its holdings in Ichor by 12.4% in the first quarter. Citigroup Inc. now owns 25,987 shares of the technology company’s stock valued at $926,000 after acquiring an additional 2,863 shares during the last quarter. Bank of Montreal Can boosted its holdings in Ichor by 9.5% in the first quarter. Bank of Montreal Can now owns 9,423 shares of the technology company’s stock valued at $358,000 after acquiring an additional 818 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Ichor by 6.0% in the first quarter. Rhumbline Advisers now owns 71,779 shares of the technology company’s stock valued at $2,557,000 after acquiring an additional 4,038 shares during the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.

Ichor Company Profile

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.