Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives $46.60 Average Price Target from Analysts

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have received an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $46.60.

A number of equities analysts have commented on ICHR shares. Needham & Company LLC reaffirmed a “hold” rating and issued a $42.00 price target on shares of Ichor in a research note on Wednesday, May 8th. B. Riley upgraded shares of Ichor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $40.00 to $48.00 in a report on Friday, April 19th. Stifel Nicolaus raised their target price on shares of Ichor from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. TD Cowen lifted their target price on shares of Ichor from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. Finally, StockNews.com raised shares of Ichor from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th.

Ichor Trading Up 2.7 %

Shares of ICHR opened at $38.55 on Wednesday. Ichor has a fifty-two week low of $22.26 and a fifty-two week high of $46.43. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of -21.78 and a beta of 1.94. The firm has a 50 day moving average price of $37.99 and a 200-day moving average price of $37.89. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.78 and a current ratio of 4.16.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The business had revenue of $201.38 million for the quarter, compared to analysts’ expectations of $200.00 million. Ichor had a negative net margin of 6.61% and a negative return on equity of 2.93%. As a group, equities research analysts forecast that Ichor will post -0.2 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Jeff Andreson sold 21,400 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $38.74, for a total transaction of $829,036.00. Following the completion of the transaction, the chief executive officer now owns 282,141 shares of the company’s stock, valued at approximately $10,930,142.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ICHR. Texas Permanent School Fund Corp lifted its position in Ichor by 1.5% during the first quarter. Texas Permanent School Fund Corp now owns 25,761 shares of the technology company’s stock valued at $995,000 after purchasing an additional 381 shares during the period. CWM LLC boosted its stake in shares of Ichor by 87.1% during the 4th quarter. CWM LLC now owns 1,100 shares of the technology company’s stock worth $37,000 after acquiring an additional 512 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Ichor by 39.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the technology company’s stock valued at $102,000 after acquiring an additional 854 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of 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 purchasing an additional 1,023 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Ichor by 17.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,177 shares of the technology company’s stock worth $316,000 after purchasing an additional 1,224 shares during the period. 94.81% of the stock is 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.