TD Cowen Boosts Ichor (NASDAQ:ICHR) Price Target to $48.00

Ichor (NASDAQ:ICHR) had its target price upped by research analysts at TD Cowen from $42.00 to $48.00 in a research note issued to investors on Wednesday, Briefing.com reports. The brokerage currently has a “buy” rating on the technology company’s stock. TD Cowen’s price target suggests a potential upside of 23.20% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. B. Riley raised Ichor from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $40.00 to $48.00 in a report on Friday, April 19th. Craig Hallum assumed coverage on Ichor in a report on Tuesday, April 9th. They issued a “buy” rating and a $55.00 price objective for the company. Stifel Nicolaus lifted their price objective on Ichor from $40.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Ichor in a report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Ichor has an average rating of “Moderate Buy” and a consensus price target of $47.60.

Ichor Stock Performance

ICHR opened at $38.96 on Wednesday. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -26.50 and a beta of 1.98. The company has a quick ratio of 1.57, a current ratio of 4.06 and a debt-to-equity ratio of 0.43. Ichor has a 12-month low of $22.26 and a 12-month high of $46.43. The business has a 50 day moving average of $39.10 and a 200-day moving average of $34.60.

Ichor (NASDAQ:ICHR) last announced its earnings results 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). The firm had revenue of $203.48 million for the quarter, compared to the consensus estimate of $197.50 million. Ichor had a negative return on equity of 0.88% and a negative net margin of 5.30%. On average, equities research analysts expect that Ichor will post 0.23 earnings per share for the current year.

Insider Transactions at Ichor

In other news, insider Christopher Smith sold 23,433 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $45.08, for a total transaction of $1,056,359.64. Following the completion of the transaction, the insider now owns 70,329 shares of the company’s stock, valued at approximately $3,170,431.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Christopher Smith sold 23,433 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $45.08, for a total transaction of $1,056,359.64. Following the sale, the insider now owns 70,329 shares in the company, valued at approximately $3,170,431.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas M. Rohrs sold 50,000 shares of the business’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 sale, the director now owns 43,764 shares in the company, valued at approximately $1,985,572.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,659 shares of company stock valued at $3,652,848. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Ichor

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC grew its position in Ichor by 9.4% during the 3rd quarter. FMR LLC now owns 3,103,779 shares of the technology company’s stock worth $96,093,000 after acquiring an additional 265,677 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Ichor by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 2,664,652 shares of the technology company’s stock valued at $89,612,000 after buying an additional 41,104 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Ichor by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,764,749 shares of the technology company’s stock valued at $59,350,000 after buying an additional 56,725 shares during the last quarter. Pinnacle Associates Ltd. grew its position in shares of Ichor by 27.0% in the 4th quarter. Pinnacle Associates Ltd. now owns 498,955 shares of the technology company’s stock valued at $16,780,000 after buying an additional 105,934 shares during the last quarter. Finally, Kennedy Capital Management LLC grew its position in shares of Ichor by 4.3% in the 3rd quarter. Kennedy Capital Management LLC now owns 465,829 shares of the technology company’s stock valued at $14,422,000 after buying an additional 19,354 shares during the last quarter. Institutional investors own 94.81% of the company’s stock.

About Ichor

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.