BidaskClub Upgrades Ichor (NASDAQ:ICHR) to Hold

BidaskClub upgraded shares of Ichor (NASDAQ:ICHR) from a sell rating to a hold rating in a report issued on Friday, April 13th.

Other equities analysts have also issued reports about the company. Zacks Investment Research raised Ichor from a hold rating to a buy rating and set a $36.00 price target on the stock in a research report on Tuesday, January 23rd. Needham & Company LLC reissued a buy rating and set a $42.00 price target (up from $36.00) on shares of Ichor in a research report on Friday, January 19th. Deutsche Bank upped their target price on Ichor to $38.00 and gave the company a buy rating in a research report on Thursday, January 18th. ValuEngine raised Ichor from a buy rating to a strong-buy rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus upped their target price on Ichor from $36.00 to $37.00 and gave the company a buy rating in a research report on Thursday, February 8th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $38.33.

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Shares of ICHR stock opened at $22.48 on Friday. Ichor has a twelve month low of $17.76 and a twelve month high of $35.51. The stock has a market capitalization of $590.76, a P/E ratio of 9.25 and a beta of 4.86. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.89 and a quick ratio of 0.84.

Ichor (NASDAQ:ICHR) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.68 EPS for the quarter, meeting the consensus estimate of $0.68. The company had revenue of $182.94 million during the quarter, compared to analysts’ expectations of $183.06 million. Ichor had a return on equity of 33.93% and a net margin of 7.83%. analysts expect that Ichor will post 3.56 EPS for the current year.

In other Ichor news, CFO Jeff Andreson purchased 4,800 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was bought at an average price of $27.53 per share, with a total value of $132,144.00. Following the completion of the purchase, the chief financial officer now owns 4,800 shares in the company, valued at approximately $132,144. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Philip Ryan Sr. Barros sold 35,650 shares of the stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $25.47, for a total value of $908,005.50. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Neuberger Berman Group LLC lifted its holdings in shares of Ichor by 13.4% during the third quarter. Neuberger Berman Group LLC now owns 1,203,503 shares of the technology company’s stock valued at $32,254,000 after purchasing an additional 142,668 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Ichor by 3.7% during the fourth quarter. BlackRock Inc. now owns 1,157,563 shares of the technology company’s stock valued at $28,478,000 after purchasing an additional 41,100 shares during the last quarter. Systematic Financial Management LP lifted its holdings in shares of Ichor by 61.3% during the fourth quarter. Systematic Financial Management LP now owns 735,419 shares of the technology company’s stock valued at $18,091,000 after purchasing an additional 279,510 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Ichor during the third quarter valued at $15,509,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of Ichor by 603.7% during the third quarter. Wells Fargo & Company MN now owns 244,477 shares of the technology company’s stock valued at $6,552,000 after purchasing an additional 209,737 shares during the last quarter. 71.22% of the stock is owned by institutional investors and hedge funds.

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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, the United Kingdom, Singapore, Malaysia, and South Korea. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices.

Analyst Recommendations for Ichor (NASDAQ:ICHR)

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