Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives $42.57 Average Target Price from Brokerages

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $42.57.

A number of brokerages have recently commented on ICHR. B. Riley reissued a “buy” rating and issued a $38.00 price target (up from $36.00) on shares of Ichor in a research report on Tuesday, November 5th. DA Davidson initiated coverage on Ichor in a report on Thursday, September 26th. They issued a “buy” rating and a $50.00 target price on the stock. TD Cowen raised their price target on Ichor from $35.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Oppenheimer initiated coverage on shares of Ichor in a research note on Wednesday, September 25th. They issued a “market perform” rating and a $35.00 price target on the stock. Finally, Needham & Company LLC downgraded shares of Ichor from a “buy” rating to a “hold” rating in a research report on Monday.

Ichor Stock Performance

Shares of Ichor stock opened at $31.00 on Friday. Ichor has a 12 month low of $26.40 and a 12 month high of $46.43. The firm has a market capitalization of $1.05 billion, a P/E ratio of -33.33 and a beta of 1.92. The company has a current ratio of 3.64, a quick ratio of 1.69 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $32.32 and a two-hundred day simple moving average of $31.76.

Ichor (NASDAQ:ICHR) last issued its quarterly earnings results on Monday, November 4th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $211.14 million during the quarter, compared to analysts’ expectations of $203.24 million. Ichor had a negative net margin of 3.51% and a negative return on equity of 2.14%. Ichor’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the company posted ($0.09) EPS. On average, equities analysts forecast that Ichor will post -0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ichor

Several large investors have recently bought and sold shares of ICHR. Quarry LP boosted its holdings 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 last quarter. GAMMA Investing LLC boosted its holdings in 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 during the last quarter. Signaturefd LLC grew its position in Ichor by 214.6% in the 3rd quarter. Signaturefd LLC now owns 1,252 shares of the technology company’s stock worth $40,000 after purchasing an additional 854 shares during the period. CWM LLC raised its stake in Ichor by 134.9% during the 3rd quarter. CWM LLC now owns 3,617 shares of the technology company’s stock valued at $115,000 after buying an additional 2,077 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings 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 during the period. 94.81% 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 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.