Ichor’s (ICHR) Buy Rating Reiterated at B. Riley

B. Riley restated their buy rating on shares of Ichor (NASDAQ:ICHR) in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has a $38.00 price target on the technology company’s stock, up from their previous price target of $36.00.

Several other equities analysts have also weighed in on the stock. DA Davidson started coverage on shares of Ichor in a research report on Thursday, September 26th. They set a “buy” rating and a $50.00 price objective on the stock. TD Cowen raised their price target on shares of Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday. StockNews.com upgraded shares of Ichor from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Needham & Company LLC cut their target price on Ichor from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, Oppenheimer started coverage on Ichor in a research report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price target for the company. Two research 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.57.

Ichor Trading Up 4.0 %

Ichor stock opened at $33.83 on Tuesday. Ichor has a 12 month low of $22.26 and a 12 month high of $46.43. The company has a quick ratio of 1.91, a current ratio of 4.27 and a debt-to-equity ratio of 0.18. The stock has a market cap of $1.14 billion, a P/E ratio of -36.38 and a beta of 1.91. The company’s fifty day simple moving average is $29.00 and its 200-day simple moving average is $33.75.

Ichor (NASDAQ:ICHR) last issued its earnings results on Monday, November 4th. The technology company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Ichor had a negative return on equity of 2.18% and a negative net margin of 3.51%. The firm had revenue of $211.14 million for the quarter, compared to the consensus estimate of $203.24 million. During the same quarter in the previous year, the company posted ($0.09) earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Ichor will post -0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Ichor

Several hedge funds and other institutional investors have recently made changes to their positions in ICHR. Swedbank AB acquired a new position in shares of Ichor during the first quarter worth approximately $67,106,000. Hood River Capital Management LLC bought a new position in Ichor during the first quarter worth $36,971,000. Westfield Capital Management Co. LP raised its stake in Ichor by 162.9% during the 1st quarter. Westfield Capital Management Co. LP now owns 335,867 shares of the technology company’s stock valued at $12,971,000 after purchasing an additional 208,117 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Ichor by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 2,841,622 shares of the technology company’s stock valued at $109,743,000 after purchasing an additional 176,970 shares during the period. Finally, Millennium Management LLC acquired a new stake in Ichor in the 2nd quarter worth $6,382,000. 94.81% of the stock is owned by institutional investors and hedge funds.

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.