Ichor Holdings, Ltd. (NASDAQ:ICHR) Given Consensus Rating of “Moderate Buy” by Analysts

Ichor Holdings, Ltd. (NASDAQ:ICHR) has received an average rating of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have given a 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 $44.80.

Several equities research analysts have weighed in on the stock. Needham & Company LLC restated a “buy” rating and issued a $42.00 target price on shares of Ichor in a research note on Tuesday, March 19th. TD Cowen raised their price objective on Ichor from $31.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Stifel Nicolaus upped their target price on Ichor from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday. B. Riley reiterated a “neutral” rating and issued a $40.00 price target (up from $36.00) on shares of Ichor in a research note on Friday, March 15th. Finally, Craig Hallum initiated coverage on Ichor in a research note on Tuesday, April 9th. They set a “buy” rating and a $55.00 price target on the stock.

Ichor Trading Down 1.6 %

Shares of NASDAQ ICHR opened at $37.58 on Friday. Ichor has a 1-year low of $22.26 and a 1-year high of $46.43. The business has a fifty day moving average price of $40.47 and a 200 day moving average price of $33.71. The stock has a market capitalization of $1.24 billion, a P/E ratio of -25.56 and a beta of 2.02. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.06 and a quick ratio of 1.57.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Tuesday, February 6th. The technology company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.13). Ichor had a negative net margin of 5.30% and a negative return on equity of 0.88%. The firm had revenue of $203.48 million for the quarter, compared to analysts’ expectations of $197.50 million. Equities research analysts expect that Ichor will post 0.23 EPS for the current fiscal year.

Insider Activity

In other Ichor news, insider Christopher Smith sold 23,433 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $45.08, for a total transaction of $1,056,359.64. Following the completion of the transaction, the insider now directly owns 70,329 shares in the company, valued at $3,170,431.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Thomas M. Rohrs sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $45.37, for a total value of $2,268,500.00. Following the transaction, the director now owns 43,764 shares in the company, valued at $1,985,572.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Christopher Smith sold 23,433 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $45.08, for a total value of $1,056,359.64. Following the sale, the insider now owns 70,329 shares of the company’s stock, valued at $3,170,431.32. The disclosure for this sale can be found here. Insiders have sold 80,659 shares of company stock worth $3,652,848 in the last quarter. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brandywine Global Investment Management LLC boosted its stake in Ichor by 24.4% during the third quarter. Brandywine Global Investment Management LLC now owns 319,662 shares of the technology company’s stock worth $9,897,000 after buying an additional 62,609 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Ichor by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 361,530 shares of the technology company’s stock valued at $11,193,000 after buying an additional 16,426 shares during the period. Vanguard Group Inc. raised its holdings in shares of Ichor by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,623,548 shares of the technology company’s stock valued at $81,225,000 after buying an additional 22,880 shares during the period. Kennedy Capital Management LLC lifted its holdings in Ichor by 4.3% during the 3rd quarter. Kennedy Capital Management LLC now owns 465,829 shares of the technology company’s stock worth $14,422,000 after buying an additional 19,354 shares in the last quarter. Finally, Pinnacle Associates Ltd. boosted its position in Ichor by 27.0% in the 4th quarter. Pinnacle Associates Ltd. now owns 498,955 shares of the technology company’s stock valued at $16,780,000 after buying an additional 105,934 shares during the period. 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.