Ichor (NASDAQ:ICHR) Upgraded at StockNews.com

StockNews.com upgraded shares of Ichor (NASDAQ:ICHR) from a sell rating to a hold rating in a report released on Wednesday.

Several other equities analysts have also issued reports on ICHR. TD Cowen dropped their price target on Ichor from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Needham & Company LLC restated a “hold” rating on shares of Ichor in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Ichor has a consensus rating of “Moderate Buy” and a consensus target price of $42.29.

Ichor Price Performance

Shares of NASDAQ:ICHR opened at $17.69 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 3.34. Ichor has a 52 week low of $15.84 and a 52 week high of $42.70. The firm has a market cap of $601.51 million, a PE ratio of -27.22 and a beta of 1.88. The firm’s fifty day moving average is $28.20 and its 200-day moving average is $29.92.

Ichor (NASDAQ:ICHR) last announced its earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.14). Ichor had a negative return on equity of 1.38% and a negative net margin of 2.45%. Sell-side analysts predict that Ichor will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Ichor

A number of hedge funds have recently modified their holdings of ICHR. Quarry LP increased its position in Ichor by 80.4% in the third quarter. Quarry LP now owns 1,566 shares of the technology company’s stock worth $50,000 after buying an additional 698 shares during the last quarter. KBC Group NV lifted its stake in shares of Ichor by 83.5% during the 4th quarter. KBC Group NV now owns 2,086 shares of the technology company’s stock valued at $67,000 after buying an additional 949 shares in the last quarter. Globeflex Capital L P purchased a new position in Ichor in the 4th quarter valued at approximately $93,000. Tower Research Capital LLC TRC lifted its position in shares of Ichor by 52.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company’s stock worth $147,000 after acquiring an additional 1,578 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Ichor by 28.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock valued at $153,000 after purchasing an additional 1,068 shares in the last quarter. 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.