Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) have received an average recommendation of "Moderate Buy" from the six brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $34.00.

Several analysts have issued reports on ICHR shares. TD Cowen dropped their price target on shares of Ichor from $38.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Wall Street Zen downgraded Ichor from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. Oppenheimer cut their price target on Ichor from $35.00 to $25.00 and set a "market perform" rating for the company in a research note on Friday, April 11th. DA Davidson cut their price objective on shares of Ichor from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Finally, Stifel Nicolaus reduced their target price on Ichor from $35.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th.

Insider Activity

In related news, CEO Jeff Andreson purchased 10,000 shares of Ichor stock in a transaction on Thursday, May 8th. The shares were purchased at an average price of $16.86 per share, for a total transaction of $168,600.00. Following the transaction, the chief executive officer now owns 285,594 shares of the company's stock, valued at approximately $4,815,114.84. This represents a 3.63% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. KBC Group NV grew its position in shares of Ichor by 83.5% during the 4th quarter. KBC Group NV now owns 2,086 shares of the technology company's stock worth $67,000 after buying an additional 949 shares during the period. Quarry LP grew its position in Ichor by 54.9% in the 4th quarter. Quarry LP now owns 2,426 shares of the technology company's stock worth $78,000 after purchasing an additional 860 shares in the last quarter. Globeflex Capital L P bought a new position in shares of Ichor in the fourth quarter valued at approximately $93,000. Tower Research Capital LLC TRC increased its holdings in Ichor by 52.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company's stock worth $147,000 after buying an additional 1,578 shares during the last quarter. Finally, Headlands Technologies LLC increased its stake in shares of Ichor by 570.9% during the 1st quarter. Headlands Technologies LLC now owns 8,044 shares of the technology company's stock worth $182,000 after purchasing an additional 6,845 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company's stock.

Ichor Stock Down 0.6%

ICHR stock traded down $0.11 during trading hours on Wednesday, reaching $19.13. 462,900 shares of the stock were exchanged, compared to its average volume of 336,223. The firm's 50-day moving average is $18.11 and its 200-day moving average is $25.97. Ichor has a 12 month low of $15.33 and a 12 month high of $42.70. The company has a market cap of $652.72 million, a price-to-earnings ratio of -29.43 and a beta of 1.76. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.34 and a quick ratio of 1.49.

Ichor (NASDAQ:ICHR - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.14). Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. The business had revenue of $244.47 million during the quarter, compared to analyst estimates of $244.95 million. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. The firm's quarterly revenue was up 21.4% on a year-over-year basis. On average, equities research analysts expect that Ichor will post 1.01 earnings per share for the current year.

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.