Ichor (NASDAQ:ICHR) Upgraded to “Buy” at B. Riley

B. Riley upgraded shares of Ichor (NASDAQ:ICHR) from a neutral rating to a buy rating in a research note published on Friday, Marketbeat.com reports. B. Riley currently has $48.00 price target on the technology company’s stock, up from their previous price target of $40.00.

Several other research analysts have also commented on ICHR. Stifel Nicolaus lifted their price target on Ichor from $40.00 to $45.00 and gave the stock a buy rating in a report on Tuesday, April 16th. Needham & Company LLC restated a buy rating and issued a $42.00 price objective on shares of Ichor in a report on Tuesday, March 19th. TD Cowen boosted their price objective on shares of Ichor from $31.00 to $42.00 and gave the company an outperform rating in a report on Wednesday, February 7th. Finally, Craig Hallum assumed coverage on shares of Ichor in a report on Tuesday, April 9th. They issued a buy rating and a $55.00 price objective on the stock. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $46.40.

Ichor Trading Down 1.9 %

Shares of ICHR stock opened at $36.17 on Friday. Ichor has a fifty-two week low of $22.26 and a fifty-two week high of $46.43. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.57 and a current ratio of 4.06. The stock’s fifty day moving average is $40.21 and its two-hundred day moving average is $33.85. The firm has a market capitalization of $1.19 billion, a P/E ratio of -24.61 and a beta of 2.02.

Ichor (NASDAQ:ICHR) last posted 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 return on equity of 0.88% and a negative net margin of 5.30%. The company had revenue of $203.48 million for the quarter, compared to analysts’ expectations of $197.50 million. Research analysts expect that Ichor will post 0.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Ichor

In other Ichor news, CTO Philip Ryan Sr. Barros sold 7,226 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $45.39, for a total transaction of $327,988.14. Following the sale, the chief technology officer now directly owns 50,490 shares in the company, valued at $2,291,741.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Thomas M. Rohrs sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $45.37, for a total transaction of $2,268,500.00. Following the sale, the director now directly owns 43,764 shares in the company, valued at $1,985,572.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Philip Ryan Sr. Barros sold 7,226 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $45.39, for a total transaction of $327,988.14. Following the sale, the chief technology officer now owns 50,490 shares in the company, valued at $2,291,741.10. The disclosure for this sale can be found here. Insiders sold a total of 80,659 shares of company stock valued at $3,652,848 in the last three months. 2.20% of the stock is owned by corporate insiders.

Institutional Trading of Ichor

A number of large investors have recently made changes to their positions in the company. Signaturefd LLC increased its stake in Ichor by 207.2% in the third quarter. Signaturefd LLC now owns 1,109 shares of the technology company’s stock valued at $34,000 after purchasing an additional 748 shares during the last quarter. CWM LLC increased its stake in Ichor by 87.1% in the fourth quarter. CWM LLC now owns 1,100 shares of the technology company’s stock valued at $37,000 after purchasing an additional 512 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in Ichor in the fourth quarter valued at approximately $41,000. PNC Financial Services Group Inc. increased its stake in Ichor by 39.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the technology company’s stock valued at $102,000 after purchasing an additional 854 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Ichor in the third quarter valued at approximately $143,000. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

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.