Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives Average Recommendation of “Buy” from Analysts

Ichor Holdings, Ltd. (NASDAQ:ICHR) has been given an average recommendation of “Buy” by the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have covered the stock in the last year is $43.60.

Several equities analysts have recently commented on the company. Needham & Company LLC cut their price target on Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. StockNews.com upgraded Ichor from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. Finally, TD Cowen cut their price target on Ichor from $48.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th.

Ichor Stock Performance

ICHR stock opened at $29.18 on Monday. The company has a quick ratio of 1.91, a current ratio of 4.27 and a debt-to-equity ratio of 0.18. The business’s fifty day simple moving average is $32.52 and its two-hundred day simple moving average is $36.55. Ichor has a twelve month low of $22.26 and a twelve month high of $46.43. The firm has a market cap of $983.07 million, a price-to-earnings ratio of -16.49 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last released its earnings results on Tuesday, August 6th. The technology company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. Ichor had a negative return on equity of 2.56% and a negative net margin of 4.53%. The business had revenue of $203.23 million for the quarter, compared to analyst estimates of $197.75 million. Analysts predict that Ichor will post -0.22 earnings per share for the current year.

Institutional Investors Weigh In On Ichor

A number of institutional investors have recently added to or reduced their stakes in the stock. Texas Permanent School Fund Corp grew its stake in shares of Ichor by 1.5% during the first quarter. Texas Permanent School Fund Corp now owns 25,761 shares of the technology company’s stock worth $995,000 after acquiring an additional 381 shares during the last quarter. Quarry LP grew its position in Ichor by 99.5% during the 2nd quarter. Quarry LP now owns 868 shares of the technology company’s stock worth $33,000 after purchasing an additional 433 shares during the last quarter. CWM LLC grew its position in Ichor by 50.5% during the 2nd quarter. CWM LLC now owns 1,540 shares of the technology company’s stock worth $59,000 after purchasing an additional 517 shares during the last quarter. Amalgamated Bank grew its position in Ichor by 6.1% during the 2nd quarter. Amalgamated Bank now owns 10,025 shares of the technology company’s stock worth $386,000 after purchasing an additional 577 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Ichor by 39.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the technology company’s stock worth $102,000 after purchasing an additional 854 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.