Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives $43.29 Average Price Target from Analysts

Ichor Holdings, Ltd. (NASDAQ:ICHR) has earned a consensus recommendation of “Buy” from the seven research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $43.29.

Several equities analysts have weighed in on the company. TD Cowen dropped their target price on Ichor from $48.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Oppenheimer assumed coverage on Ichor in a research report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 target price for the company. Needham & Company LLC dropped their price objective on shares of Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. DA Davidson assumed coverage on shares of Ichor in a research report on Thursday, September 26th. They set a “buy” rating and a $50.00 price target for the company. Finally, StockNews.com raised shares of Ichor from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Quarry LP grew its position in Ichor by 99.5% in the 2nd quarter. Quarry LP now owns 868 shares of the technology company’s stock valued at $33,000 after buying an additional 433 shares in the last quarter. GAMMA Investing LLC raised its holdings in Ichor by 136.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock worth $34,000 after acquiring an additional 625 shares during the period. Jones Financial Companies Lllp acquired a new position in Ichor during the 4th quarter valued at $41,000. CWM LLC raised its stake in shares of Ichor by 50.5% in the second quarter. CWM LLC now owns 1,540 shares of the technology company’s stock valued at $59,000 after purchasing an additional 517 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Ichor by 39.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the technology company’s stock valued at $102,000 after acquiring an additional 854 shares during the period. 94.81% of the stock is currently owned by institutional investors.

Ichor Price Performance

NASDAQ:ICHR opened at $29.00 on Friday. The stock has a 50 day moving average of $29.61 and a two-hundred day moving average of $35.09. Ichor has a 12 month low of $22.26 and a 12 month high of $46.43. The company has a current ratio of 4.27, a quick ratio of 1.91 and a debt-to-equity ratio of 0.18.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings data on Tuesday, August 6th. The technology company reported ($0.07) earnings per share (EPS) 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 firm had revenue of $203.23 million during the quarter, compared to the consensus estimate of $197.75 million. Analysts expect that Ichor will post -0.17 EPS 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.