Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR – Get Free Report) have been given a consensus rating of “Moderate Buy” by the five research firms that currently cover the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $46.60.
Several brokerages have commented on ICHR. Craig Hallum lowered their price target on Ichor from $55.00 to $50.00 and set a “buy” rating on the company in a research note on Wednesday, May 8th. Needham & Company LLC reiterated a “hold” rating and set a $42.00 price target on shares of Ichor in a research note on Wednesday, May 8th. TD Cowen increased their price target on Ichor from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. B. Riley upgraded Ichor from a “neutral” rating to a “buy” rating and raised their price target on the company from $40.00 to $48.00 in a research note on Friday, April 19th. Finally, Stifel Nicolaus raised their price target on Ichor from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th.
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Insider activity at Ichor
In related news, CEO Jeff Andreson sold 21,400 shares of the company’s stock in a transaction dated Friday, May 24. The shares were sold at an average price of $38.74, for a total value of $829,036.00. Following the completion of the transaction, the CEO now owns 282,141 shares of the company’s stock, valued at $10,930,142.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available on the SEC website. 2.20% of the shares are currently held by company insiders.
Institutional inflow and outflow
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Texas Permanent School Fund Corp increased its stake in Ichor by 1.5% in the first quarter. Texas Permanent School Fund Corp now owns 25,761 shares of the technology company’s stock worth $995,000 after purchasing an additional 381 shares in 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 worth $37,000 after purchasing an additional 512 shares in the last quarter. 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 worth $102,000 after purchasing an additional 854 shares in the last quarter. Linden Thomas Advisory Services LLC increased its shares in Ichor by 10.2% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 10,839 shares of the technology company’s stock worth $418,000 after buying an additional 1,002 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its shares in Ichor by 8.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,117 shares of the technology company’s stock worth $441,000 after buying an additional 1,023 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company’s stock.
Ichor Stock Performance
Ichor shares opened Friday at $35.59. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -20.11 and a beta of 1.94. The stock has a 50-day moving average price of $38.50 and a 200-day moving average price of $38.59. Ichor has a 52-week low of $22.26 and a 52-week high of $46.43. The company has a current ratio of 4.16, a quick ratio of 1.78 and a debt-to-equity ratio of 0.18.
Ichor (NASDAQ:ICHR – Get Free Report) last released its earnings results on Tuesday, May 7. The technology company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The company had revenue of $201.38 million during the quarter, compared to analyst estimates of $200.00 million. Ichor had a negative net margin of 6.61% and a negative return on equity of 2.93%. Equity research analysts expect Ichor to post -0.2 EPS for the current year.
Ichor Company Profile
(Get Free Report
Ichor Holdings, Ltd. is engaged in the design, engineering, and manufacturing 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 used in the production of semiconductor devices.
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