Ichor (NASDAQ:ICHR) Given Hold Rating at Needham & Company LLC

Ichor (NASDAQ:ICHR)‘s stock had its “hold” rating reaffirmed by investment analysts at Needham & Company LLC in a note issued to investors on Wednesday,Benzinga reports.

Several other equities analysts have also recently weighed in on the company. TD Cowen cut their price target on Ichor from $40.00 to $38.00 and set a “buy” rating for the company in a report on Friday, January 17th. B. Riley restated a “buy” rating and set a $38.00 price target (up previously from $36.00) on shares of Ichor 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $42.29.

Ichor Stock Performance

NASDAQ:ICHR opened at $32.50 on Wednesday. The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. Ichor has a 12-month low of $25.95 and a 12-month high of $46.43. The stock has a 50-day moving average price of $31.33 and a 200 day moving average price of $30.61. The stock has a market capitalization of $1.10 billion, a P/E ratio of -34.95 and a beta of 1.91.

Ichor (NASDAQ:ICHR) last released its earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.14). Ichor had a negative return on equity of 2.14% and a negative net margin of 3.51%. Equities research analysts forecast that Ichor will post -0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Ichor

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in shares of Ichor by 157.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 340,247 shares of the technology company’s stock valued at $10,823,000 after purchasing an additional 208,328 shares during the last quarter. State Street Corp lifted its stake in shares of Ichor by 1.8% in the 3rd quarter. State Street Corp now owns 1,232,532 shares of the technology company’s stock valued at $39,207,000 after purchasing an additional 21,804 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Ichor by 65.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,904 shares of the technology company’s stock valued at $1,746,000 after purchasing an additional 21,810 shares during the last quarter. Foundry Partners LLC bought a new stake in shares of Ichor in the 3rd quarter valued at approximately $3,107,000. Finally, Mutual of America Capital Management LLC lifted its stake in shares of Ichor by 50.1% in the 3rd quarter. Mutual of America Capital Management LLC now owns 121,500 shares of the technology company’s stock valued at $3,865,000 after purchasing an additional 40,575 shares during the last quarter. 94.81% of the stock is owned by institutional investors.

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.