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

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have been given a consensus recommendation of “Buy” by the seven brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $43.29.

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

Ichor Trading Down 0.8 %

NASDAQ ICHR opened at $27.14 on Tuesday. The company has a current ratio of 4.27, a quick ratio of 1.91 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average price of $28.88 and a 200-day moving average price of $33.79. Ichor has a 1 year low of $22.26 and a 1 year high of $46.43.

Ichor (NASDAQ:ICHR) last posted its earnings results on Tuesday, August 6th. The technology company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.02. The firm had revenue of $203.23 million for the quarter, compared to analysts’ expectations of $197.75 million. Ichor had a negative net margin of 4.53% and a negative return on equity of 2.56%. As a group, sell-side analysts anticipate that Ichor will post -0.17 earnings per share for the current year.

Institutional Investors Weigh In On Ichor

Institutional investors have recently made changes to their positions in the stock. Quarry LP raised its stake in shares of Ichor by 99.5% during the 2nd quarter. Quarry LP now owns 868 shares of the technology company’s stock valued at $33,000 after purchasing an additional 433 shares during the period. GAMMA Investing LLC increased its position in shares of Ichor by 136.2% during the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock valued at $34,000 after buying an additional 625 shares during the period. Signaturefd LLC lifted its holdings in shares of Ichor by 214.6% in the third quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock worth $40,000 after buying an additional 854 shares in the last quarter. CWM LLC boosted its position 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 acquiring an additional 517 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in Ichor by 39.0% during 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 in 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.