Analysts Set Ichor Holdings, Ltd. (NASDAQ:ICHR) PT at $42.57

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have received an average rating of “Buy” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $42.57.

ICHR has been the topic of several recent analyst reports. Oppenheimer initiated coverage on shares of Ichor in a research report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 price objective on the stock. B. Riley reissued a “buy” rating and set a $38.00 price objective (up previously from $36.00) on shares of Ichor in a report on Tuesday, November 5th. TD Cowen lifted their target price on Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, DA Davidson initiated coverage on Ichor in a research note on Thursday, September 26th. They set a “buy” rating and a $50.00 price target for the company.

Institutional Investors Weigh In On Ichor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP increased its position 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 last quarter. GAMMA Investing LLC increased its position in 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 acquiring an additional 625 shares during the last quarter. Signaturefd LLC raised its stake in shares of Ichor by 214.6% in the third quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock valued at $40,000 after acquiring an additional 854 shares during the period. 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 acquiring an additional 517 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Ichor by 28.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock worth $153,000 after acquiring an additional 1,068 shares during the last quarter. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

Ichor Stock Up 0.5 %

ICHR opened at $31.04 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 3.64. The firm’s fifty day moving average is $31.02 and its 200 day moving average is $32.37. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -33.38 and a beta of 1.93. Ichor has a fifty-two week low of $26.40 and a fifty-two week high of $46.43.

Ichor (NASDAQ:ICHR) last released its quarterly earnings data on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $211.14 million during the quarter, compared to analyst estimates of $203.24 million. Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.09) earnings per share. On average, sell-side analysts forecast that Ichor will post -0.1 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.