Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives $43.29 Average Target Price from Analysts

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have been assigned a consensus rating of “Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $43.29.

A number of equities analysts have weighed in on ICHR shares. DA Davidson assumed coverage on Ichor in a research note on Thursday, September 26th. They set a “buy” rating and a $50.00 price objective for the company. StockNews.com upgraded Ichor from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. TD Cowen lowered their price objective on Ichor from $48.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Needham & Company LLC cut their target price on shares of Ichor from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Finally, Oppenheimer assumed coverage on shares of Ichor in a report on Wednesday, September 25th. They set a “market perform” rating and a $35.00 price target on the stock.

Ichor Trading Down 3.6 %

Ichor stock opened at $27.26 on Tuesday. Ichor has a 52 week low of $22.26 and a 52 week high of $46.43. The stock has a 50-day moving average price of $29.09 and a 200 day moving average price of $34.06. The company has a quick ratio of 1.91, a current ratio of 4.27 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $912.53 million, a price-to-earnings ratio of -15.34 and a beta of 1.90.

Ichor (NASDAQ:ICHR) last released its quarterly earnings data on Tuesday, August 6th. The technology company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.02. Ichor had a negative net margin of 4.53% and a negative return on equity of 2.56%. The business had revenue of $203.23 million for the quarter, compared to the consensus estimate of $197.75 million. Sell-side analysts anticipate that Ichor will post -0.17 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ICHR. Quarry LP increased its holdings in Ichor by 99.5% in the 2nd quarter. Quarry LP now owns 868 shares of the technology company’s stock worth $33,000 after acquiring an additional 433 shares in the last quarter. GAMMA Investing LLC grew its position 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 valued at $34,000 after purchasing an additional 625 shares during the period. Signaturefd LLC increased its stake in shares of Ichor by 214.6% during the third quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock worth $40,000 after purchasing an additional 854 shares in the last quarter. CWM LLC raised its position in shares of Ichor by 50.5% during the 2nd quarter. CWM LLC now owns 1,540 shares of the technology company’s stock worth $59,000 after purchasing an additional 517 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Ichor by 39.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the technology company’s stock valued at $102,000 after buying an additional 854 shares in the last quarter. 94.81% of the stock is owned by institutional investors and hedge funds.

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.