Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives Average Rating of “Moderate Buy” from Brokerages

Ichor Holdings, Ltd. (NASDAQ:ICHR) has been given a consensus recommendation of “Moderate Buy” by the five brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $46.60.

A number of equities research analysts have commented on the company. TD Cowen raised their target price on Ichor from $42.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. B. Riley upgraded shares of Ichor from a “neutral” rating to a “buy” rating and upped their target price for the stock from $40.00 to $48.00 in a research report on Friday, April 19th. Stifel Nicolaus lifted their price target on shares of Ichor from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Needham & Company LLC restated a “hold” rating and issued a $42.00 price target on shares of Ichor in a report on Wednesday, May 8th. Finally, Craig Hallum reduced their price objective on Ichor from $55.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, May 8th.

Insider Activity at Ichor

In other Ichor news, CEO Jeff Andreson sold 21,400 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $38.74, for a total transaction of $829,036.00. Following the completion of the transaction, the chief executive officer now owns 282,141 shares of the company’s stock, valued at $10,930,142.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ichor

Hedge funds have recently modified their holdings of the company. FMR LLC boosted its position in Ichor by 9.4% during the third 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. boosted its holdings in shares of Ichor by 6.6% during the first quarter. Vanguard Group Inc. now owns 2,841,622 shares of the technology company’s stock worth $109,743,000 after purchasing an additional 176,970 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Ichor by 3.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,764,749 shares of the technology company’s stock worth $59,350,000 after purchasing an additional 56,725 shares during the last quarter. Swedbank AB purchased a new stake in shares of Ichor in the first quarter valued at $67,106,000. Finally, Hood River Capital Management LLC acquired a new position in Ichor in the first quarter valued at $36,971,000. 94.81% of the stock is owned by institutional investors and hedge funds.

Ichor Trading Up 0.9 %

NASDAQ ICHR opened at $39.65 on Wednesday. The firm’s fifty day moving average price is $38.10 and its 200 day moving average price is $38.01. Ichor has a 12 month low of $22.26 and a 12 month high of $46.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.16 and a quick ratio of 1.78. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -22.40 and a beta of 1.94.

Ichor (NASDAQ:ICHR) last announced its earnings results on Tuesday, May 7th. The technology company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.04). Ichor had a negative return on equity of 2.93% and a negative net margin of 6.61%. The business had revenue of $201.38 million for the quarter, compared to analyst estimates of $200.00 million. On average, sell-side analysts expect that Ichor will post -0.2 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 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.