Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives Average Rating of “Buy” from Analysts

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have been given a consensus rating of “Buy” by the seven analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $42.57.

A number of equities research analysts recently weighed in on the stock. DA Davidson assumed coverage on shares of Ichor in a research note on Thursday, September 26th. They set a “buy” rating and a $50.00 price target for the company. Oppenheimer assumed coverage on shares of Ichor in a research note on Wednesday, September 25th. They set a “market perform” rating and a $35.00 price target for the company. StockNews.com raised shares of Ichor from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th. TD Cowen boosted their price target on shares of Ichor from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, Needham & Company LLC dropped their price target on shares of Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Quarry LP boosted its holdings in Ichor by 99.5% during the second quarter. Quarry LP now owns 868 shares of the technology company’s stock worth $33,000 after purchasing an additional 433 shares during the last quarter. GAMMA Investing LLC raised its position in Ichor by 136.2% during the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock worth $34,000 after acquiring an additional 625 shares in the last quarter. Signaturefd LLC raised its position in Ichor by 214.6% during the third quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock worth $40,000 after acquiring an additional 854 shares in the last quarter. CWM LLC raised its position in Ichor by 50.5% during the second quarter. CWM LLC now owns 1,540 shares of the technology company’s stock worth $59,000 after acquiring an additional 517 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Ichor by 28.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock worth $153,000 after acquiring an additional 1,068 shares in the last quarter. Institutional investors and hedge funds own 94.81% of the company’s stock.

Ichor Trading Up 2.4 %

Shares of NASDAQ ICHR opened at $33.35 on Friday. Ichor has a 1-year low of $25.32 and a 1-year high of $46.43. The company has a market cap of $1.12 billion, a PE ratio of -35.86 and a beta of 1.91. The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average of $29.62 and a two-hundred day moving average of $33.30.

Ichor (NASDAQ:ICHR) last announced its earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $211.14 million during the quarter, compared to the consensus estimate of $203.24 million. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The company’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.09) earnings per share. As a group, equities analysts expect that Ichor will post -0.1 earnings per share for the current fiscal year.

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.