Brokerages Set Ichor Holdings, Ltd. (NASDAQ:ICHR) Price Target at $34.00

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) has earned an average rating of "Moderate Buy" from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $34.00.

A number of brokerages have commented on ICHR. Stifel Nicolaus cut their price objective on shares of Ichor from $35.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Wall Street Zen lowered shares of Ichor from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. DA Davidson cut their price objective on shares of Ichor from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Needham & Company LLC reiterated a "hold" rating on shares of Ichor in a report on Tuesday, May 6th. Finally, Oppenheimer dropped their target price on shares of Ichor from $35.00 to $25.00 and set a "market perform" rating for the company in a research report on Friday, April 11th.

Ichor Stock Down 6.4%

Shares of NASDAQ:ICHR traded down $1.20 during midday trading on Wednesday, hitting $17.60. 256,230 shares of the company's stock traded hands, compared to its average volume of 336,894. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.49 and a current ratio of 3.34. The company has a market cap of $600.51 million, a PE ratio of -27.08 and a beta of 1.76. The firm's fifty day moving average price is $18.18 and its two-hundred day moving average price is $25.71. Ichor has a twelve month low of $15.33 and a twelve month high of $42.70.

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

Insider Activity

In other Ichor news, CEO Jeff Andreson purchased 10,000 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was acquired at an average cost of $16.86 per share, with a total value of $168,600.00. Following the acquisition, 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 filing with the SEC, which is accessible through this link. Company insiders own 1.90% of the company's stock.

Institutional Trading of Ichor

Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in Ichor by 6.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,724,058 shares of the technology company's stock valued at $55,547,000 after purchasing an additional 111,337 shares during the last quarter. Wellington Management Group LLP lifted its position in Ichor by 42.6% in the 1st quarter. Wellington Management Group LLP now owns 1,663,070 shares of the technology company's stock valued at $37,602,000 after purchasing an additional 496,866 shares during the last quarter. American Century Companies Inc. lifted its position in Ichor by 10,313.1% in the 1st quarter. American Century Companies Inc. now owns 1,233,437 shares of the technology company's stock valued at $27,888,000 after purchasing an additional 1,221,592 shares during the last quarter. Invesco Ltd. lifted its position in Ichor by 6.1% in the 1st quarter. Invesco Ltd. now owns 1,168,756 shares of the technology company's stock valued at $26,426,000 after purchasing an additional 66,942 shares during the last quarter. Finally, Royce & Associates LP lifted its position in Ichor by 7.9% in the 1st quarter. Royce & Associates LP now owns 932,925 shares of the technology company's stock valued at $21,093,000 after purchasing an additional 68,680 shares during the last quarter. 94.81% of the stock is currently 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.