Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives $42.29 Consensus Target Price from Brokerages

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $42.29.

Several equities analysts have commented on the stock. StockNews.com cut shares of Ichor from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. Needham & Company LLC reiterated a “hold” rating on shares of Ichor in a report on Wednesday, February 5th. Finally, TD Cowen reduced their price objective on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, January 17th.

Insider Buying and Selling

In related news, Director Jorge Titinger sold 3,000 shares of Ichor stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $32.04, for a total value of $96,120.00. Following the completion of the sale, the director now owns 9,832 shares of the company’s stock, valued at approximately $315,017.28. This trade represents a 23.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ichor

Institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its stake in shares of Ichor by 1.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 21,531 shares of the technology company’s stock worth $694,000 after purchasing an additional 373 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Ichor by 1.1% in the 4th quarter. Victory Capital Management Inc. now owns 44,131 shares of the technology company’s stock worth $1,422,000 after buying an additional 467 shares during the period. Meeder Asset Management Inc. grew its stake in Ichor by 12.6% in the 4th quarter. Meeder Asset Management Inc. now owns 6,049 shares of the technology company’s stock valued at $195,000 after buying an additional 675 shares in the last quarter. Quarry LP raised its holdings in Ichor by 80.4% during the 3rd quarter. Quarry LP now owns 1,566 shares of the technology company’s stock valued at $50,000 after acquiring an additional 698 shares during the period. Finally, Swiss National Bank lifted its position in shares of Ichor by 1.4% during the fourth quarter. Swiss National Bank now owns 66,200 shares of the technology company’s stock worth $2,133,000 after acquiring an additional 900 shares in the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

Ichor Trading Down 7.9 %

NASDAQ ICHR opened at $23.19 on Friday. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $29.14 and a 200 day simple moving average of $30.22. Ichor has a 12 month low of $23.09 and a 12 month high of $42.70. The firm has a market capitalization of $788.53 million, a P/E ratio of -35.68 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last announced its earnings results on Tuesday, February 4th. The technology company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.14). Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. On average, analysts predict that Ichor will post 1.01 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.