Ichor (NASDAQ:ICHR) Stock Rating Lowered by Needham & Company LLC

Needham & Company LLC cut shares of Ichor (NASDAQ:ICHR) from a buy rating to a hold rating in a research report sent to investors on Monday morning, MarketBeat Ratings reports.

Other equities research analysts have also issued research reports about the company. DA Davidson began coverage on Ichor in a report on Thursday, September 26th. They issued a “buy” rating and a $50.00 price objective for the company. Oppenheimer started coverage on Ichor in a research note on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 target price on the stock. B. Riley reiterated a “buy” rating and issued a $38.00 target price (up from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. Finally, TD Cowen increased 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. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Ichor has a consensus rating of “Moderate Buy” and an average price target of $42.57.

Ichor Stock Down 1.2 %

Ichor stock opened at $30.62 on Monday. The firm has a 50 day moving average price of $32.28 and a two-hundred day moving average price of $31.75. Ichor has a 52-week low of $26.40 and a 52-week high of $46.43. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of -32.92 and a beta of 1.92. 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 data on Monday, November 4th. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $211.14 million for the quarter, compared to analyst estimates of $203.24 million. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.09) earnings per share. Equities analysts predict that Ichor will post -0.1 EPS for the current year.

Institutional Trading of Ichor

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP grew its stake in shares of Ichor by 99.5% during the 2nd quarter. Quarry LP now owns 868 shares of the technology company’s stock valued at $33,000 after acquiring an additional 433 shares during the period. Amalgamated Bank boosted its position in shares of Ichor by 6.1% in the second quarter. Amalgamated Bank now owns 10,025 shares of the technology company’s stock worth $386,000 after purchasing an additional 577 shares during the period. GAMMA Investing LLC increased its stake in shares of Ichor by 136.2% in the third quarter. GAMMA Investing LLC now owns 1,084 shares of the technology company’s stock worth $34,000 after purchasing an additional 625 shares in the last quarter. Signaturefd LLC raised its position in shares of Ichor by 214.6% during the 3rd quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock valued at $40,000 after purchasing an additional 854 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Ichor by 28.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,818 shares of the technology company’s stock valued at $153,000 after buying an additional 1,068 shares in the last quarter. Hedge funds and other 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.