BidaskClub Downgrades Ichor (NASDAQ:ICHR) to Hold

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BidaskClub cut shares of Ichor (NASDAQ:ICHR) from a buy rating to a hold rating in a research note published on Saturday morning, BidAskClub reports.

Several other research firms have also recently weighed in on ICHR. Needham & Company LLC boosted their target price on Ichor to $36.00 and gave the stock a buy rating in a research note on Wednesday, November 6th. B. Riley boosted their target price on Ichor from $35.00 to $40.00 and gave the stock a buy rating in a research note on Wednesday, November 6th. ValuEngine upgraded Ichor from a sell rating to a hold rating in a research note on Friday, January 3rd. Zacks Investment Research cut Ichor from a strong-buy rating to a hold rating in a research note on Wednesday, January 8th. Finally, DA Davidson upgraded Ichor from a neutral rating to a buy rating and boosted their target price for the stock from $25.00 to $34.00 in a research note on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $34.78.

ICHR stock opened at $39.79 on Friday. The business has a 50 day moving average price of $32.67 and a 200 day moving average price of $27.12. The stock has a market cap of $691.49 million, a price-to-earnings ratio of 14.26 and a beta of 2.79. Ichor has a fifty-two week low of $17.32 and a fifty-two week high of $39.83. The company has a quick ratio of 0.98, a current ratio of 1.90 and a debt-to-equity ratio of 0.87.

Ichor (NASDAQ:ICHR) last posted its earnings results on Tuesday, November 5th. The technology company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.08. The firm had revenue of $154.46 million during the quarter, compared to analysts’ expectations of $149.96 million. Ichor had a return on equity of 9.41% and a net margin of 1.09%. The firm’s revenue was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 earnings per share. As a group, sell-side analysts anticipate that Ichor will post 0.98 EPS for the current year.

In other Ichor news, COO Kevin M. Canty sold 1,000 shares of Ichor stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $32.80, for a total transaction of $32,800.00. Following the transaction, the chief operating officer now owns 46,379 shares of the company’s stock, valued at $1,521,231.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.50% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Ichor by 81.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,995 shares of the technology company’s stock worth $48,000 after buying an additional 895 shares during the period. Flinton Capital Management LLC increased its position in Ichor by 20.3% during the second quarter. Flinton Capital Management LLC now owns 4,176 shares of the technology company’s stock worth $99,000 after buying an additional 704 shares during the period. Riverhead Capital Management LLC increased its position in Ichor by 21.1% during the second quarter. Riverhead Capital Management LLC now owns 4,600 shares of the technology company’s stock worth $109,000 after buying an additional 800 shares during the period. Bank of Montreal Can increased its position in Ichor by 83.9% during the second quarter. Bank of Montreal Can now owns 4,734 shares of the technology company’s stock worth $112,000 after buying an additional 2,160 shares during the period. Finally, Meadow Creek Investment Management LLC increased its position in Ichor by 20.3% during the second quarter. Meadow Creek Investment Management LLC now owns 5,742 shares of the technology company’s stock worth $136,000 after buying an additional 968 shares during the period. 85.69% of the stock is currently owned by institutional investors.

About Ichor

Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment. It primarily offers gas and chemical delivery subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising electroplating and cleaning.

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Analyst Recommendations for Ichor (NASDAQ:ICHR)

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