Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives $34.00 Consensus Target Price from Analysts

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have received an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $34.00.

Several analysts have recently issued reports on the stock. TD Cowen reduced their price target on shares of Ichor from $38.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, May 6th. Stifel Nicolaus cut their target price on shares of Ichor from $35.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, May 6th. Needham & Company LLC reiterated a “hold” rating on shares of Ichor in a report on Tuesday, May 6th. StockNews.com downgraded shares of Ichor from a “hold” rating to a “sell” rating in a research note on Thursday, April 10th. Finally, Oppenheimer cut their price objective on Ichor from $35.00 to $25.00 and set a “market perform” rating on the stock in a research report on Friday, April 11th.

Insider Activity at Ichor

In other Ichor news, CEO Jeff Andreson purchased 10,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average cost of $16.86 per share, with a total value of $168,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 285,594 shares of the company’s stock, valued at $4,815,114.84. This trade represents a 3.63% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Ichor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in shares of Ichor by 6.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,724,058 shares of the technology company’s stock valued at $55,547,000 after buying an additional 111,337 shares during the last quarter. Wellington Management Group LLP boosted its stake in Ichor by 42.6% in the first quarter. Wellington Management Group LLP now owns 1,663,070 shares of the technology company’s stock valued at $37,602,000 after acquiring an additional 496,866 shares in the last quarter. American Century Companies Inc. boosted its stake in Ichor by 10,313.1% in the first quarter. American Century Companies Inc. now owns 1,233,437 shares of the technology company’s stock valued at $27,888,000 after acquiring an additional 1,221,592 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Ichor by 6.1% during the first quarter. Invesco Ltd. now owns 1,168,756 shares of the technology company’s stock worth $26,426,000 after purchasing an additional 66,942 shares during the last quarter. Finally, Royce & Associates LP increased its position in shares of Ichor by 7.9% during the first quarter. Royce & Associates LP now owns 932,925 shares of the technology company’s stock worth $21,093,000 after purchasing an additional 68,680 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor Stock Down 2.3%

Ichor stock opened at $17.87 on Friday. The company has a market capitalization of $609.72 million, a PE ratio of -27.49 and a beta of 1.83. 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 fifty-two week low of $15.38 and a fifty-two week high of $42.70. The firm has a 50 day moving average price of $20.65 and a 200 day moving average price of $27.56.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings data on Monday, May 5th. The technology company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.14). Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. The firm had revenue of $244.47 million during the quarter, compared to analyst estimates of $244.95 million. During the same period in the previous year, the firm posted ($0.09) earnings per share. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. Research analysts expect that Ichor will post 1.01 earnings per share for the current 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.