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

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have been assigned a consensus rating of “Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $42.57.

A number of research firms recently commented on ICHR. B. Riley reaffirmed a “buy” rating and set a $38.00 price target (up from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. DA Davidson started coverage on shares of Ichor in a report on Thursday, September 26th. They issued a “buy” rating and a $50.00 target price on the stock. TD Cowen raised their target price on shares of Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, Oppenheimer started coverage on shares of Ichor in a report on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 target price on the stock.

Institutional Investors Weigh In On Ichor

Several hedge funds and other institutional investors have recently made changes to their positions in ICHR. CWM LLC grew its holdings in shares of Ichor by 50.5% during the 2nd quarter. CWM LLC now owns 1,540 shares of the technology company’s stock valued at $59,000 after purchasing an additional 517 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Ichor by 114.8% during the 2nd quarter. SG Americas Securities LLC now owns 9,358 shares of the technology company’s stock valued at $361,000 after purchasing an additional 5,002 shares during the last quarter. Summit Global Investments bought a new stake in shares of Ichor during the 2nd quarter valued at approximately $246,000. Louisiana State Employees Retirement System boosted its position in Ichor by 15.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 16,800 shares of the technology company’s stock worth $648,000 after buying an additional 2,200 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Ichor by 11.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 248,346 shares of the technology company’s stock worth $9,574,000 after buying an additional 25,432 shares during the period. 94.81% of the stock is owned by institutional investors.

Ichor Price Performance

NASDAQ:ICHR opened at $31.73 on Wednesday. Ichor has a 52 week low of $26.40 and a 52 week high of $46.43. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -34.12 and a beta of 1.93. The firm’s 50-day simple moving average is $30.95 and its 200 day simple moving average is $32.57. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.69 and a current ratio of 3.64.

Ichor (NASDAQ:ICHR) last released its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The business had revenue of $211.14 million for the quarter, compared to analyst estimates of $203.24 million. During the same period last year, the firm earned ($0.09) earnings per share. Ichor’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, sell-side analysts predict that Ichor will post -0.1 earnings per share for the current year.

About Ichor

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.