Ichor (NASDAQ:ICHR) Coverage Initiated by Analysts at DA Davidson

DA Davidson began coverage on shares of Ichor (NASDAQ:ICHR) in a report released on Thursday, Marketbeat Ratings reports. The firm issued a buy rating and a $50.00 price target on the technology company’s stock.

A number of other equities research analysts also recently weighed in on ICHR. Needham & Company LLC lowered their target price on Ichor from $44.00 to $40.00 and set a buy rating for the company in a report on Wednesday, August 7th. Oppenheimer began coverage on Ichor in a report on Wednesday, September 25th. They issued a market perform rating and a $35.00 target price for the company. StockNews.com upgraded Ichor from a sell rating to a hold rating in a report on Wednesday, August 14th. Finally, TD Cowen lowered their target price on Ichor from $48.00 to $35.00 and set a buy rating for the company in a report on Wednesday, August 7th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $43.29.

Ichor Price Performance

Shares of ICHR opened at $31.86 on Thursday. Ichor has a 1 year low of $22.26 and a 1 year high of $46.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.27 and a quick ratio of 1.91. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -18.00 and a beta of 1.91. The business has a 50-day moving average of $30.27 and a 200-day moving average of $35.49.

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

Institutional Investors Weigh In On Ichor

Hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP increased its holdings in shares of Ichor by 68.5% during the fourth quarter. Wellington Management Group LLP now owns 291,389 shares of the technology company’s stock valued at $9,799,000 after acquiring an additional 118,498 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Ichor by 6.6% during the first quarter. Vanguard Group Inc. now owns 2,841,622 shares of the technology company’s stock valued at $109,743,000 after buying an additional 176,970 shares during the last quarter. Mutual of America Capital Management LLC purchased a new position in shares of Ichor during the first quarter valued at approximately $1,353,000. Epoch Investment Partners Inc. boosted its position in shares of Ichor by 33.0% during the first quarter. Epoch Investment Partners Inc. now owns 265,246 shares of the technology company’s stock valued at $10,244,000 after buying an additional 65,862 shares during the last quarter. Finally, Swedbank AB purchased a new position in shares of Ichor during the first quarter valued at approximately $67,106,000. 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.