Ichor (NASDAQ:ICHR) Raised to Strong-Buy at DA Davidson

DA Davidson upgraded shares of Ichor (NASDAQ:ICHR) to a strong-buy rating in a research note released on Wednesday, Zacks.com reports.

Several other equities analysts also recently weighed in on the company. Oppenheimer started coverage on Ichor in a research report on Wednesday. They set a market perform rating and a $35.00 target price on the stock. StockNews.com upgraded shares of Ichor from a sell rating to a hold rating in a report on Wednesday, August 14th. TD Cowen dropped their price target on shares of Ichor from $48.00 to $35.00 and set a buy rating for the company in a research note on Wednesday, August 7th. Finally, Needham & Company LLC reduced their price objective on shares of Ichor from $44.00 to $40.00 and set a buy rating on the stock in a research report on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $43.29.

Ichor Trading Up 0.2 %

ICHR stock opened at $31.86 on Wednesday. The firm has a fifty day moving average price of $30.27 and a 200 day moving average price of $35.54. 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 0.18, a quick ratio of 1.91 and a current ratio of 4.27. The firm has a market cap of $1.07 billion, a PE ratio of -18.00 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings data on Tuesday, August 6th. The technology company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. Ichor had a negative net margin of 4.53% and a negative return on equity of 2.56%. The business had revenue of $203.23 million during the quarter, compared to analysts’ expectations of $197.75 million. Sell-side analysts anticipate that Ichor will post -0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ichor

A number of institutional investors and hedge funds have recently bought and sold shares of ICHR. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Ichor in the 2nd quarter valued at about $1,079,000. Quarry LP raised its stake in Ichor by 99.5% in the second quarter. Quarry LP now owns 868 shares of the technology company’s stock worth $33,000 after buying an additional 433 shares in the last quarter. Meros Investment Management LP lifted its holdings in Ichor by 1.6% during the second quarter. Meros Investment Management LP now owns 106,328 shares of the technology company’s stock worth $4,099,000 after buying an additional 1,629 shares during the period. The Manufacturers Life Insurance Company boosted its position in Ichor by 16.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,001 shares of the technology company’s stock valued at $655,000 after acquiring an additional 2,382 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in shares of Ichor in the 2nd quarter valued at $6,382,000. 94.81% of the stock is owned by institutional investors.

About Ichor

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.