Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) has been given an average recommendation of "Moderate Buy" by the six analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $34.00.
A number of research firms have weighed in on ICHR. TD Cowen reduced their target price on Ichor from $38.00 to $28.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Needham & Company LLC reiterated a "hold" rating on shares of Ichor in a research note on Tuesday, May 6th. DA Davidson reduced their target price on Ichor from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Oppenheimer reduced their target price on Ichor from $35.00 to $25.00 and set a "market perform" rating on the stock in a research note on Friday, April 11th. Finally, Wall Street Zen lowered Ichor from a "hold" rating to a "sell" rating in a research note on Thursday, April 10th.
Check Out Our Latest Research Report on ICHR
Insider Activity
In other news, CEO Jeff Andreson purchased 10,000 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were acquired at an average price of $16.86 per share, with a total value of $168,600.00. Following the transaction, the chief executive officer owned 285,594 shares of the company's stock, valued at $4,815,114.84. This represents a 3.63% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.90% of the company's stock.
Hedge Funds Weigh In On Ichor
A number of hedge funds and other institutional investors have recently made changes to their positions in ICHR. American Century Companies Inc. grew its position in shares of Ichor by 10,313.1% during the 1st quarter. American Century Companies Inc. now owns 1,233,437 shares of the technology company's stock worth $27,888,000 after buying an additional 1,221,592 shares in the last quarter. Nuveen LLC bought a new stake in Ichor during the first quarter valued at about $13,726,000. Wellington Management Group LLP boosted its position in Ichor by 42.6% during the first 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 in the last quarter. Oberweis Asset Management Inc. bought a new stake in Ichor during the fourth quarter valued at about $10,884,000. Finally, Raymond James Financial Inc. bought a new stake in Ichor during the fourth quarter valued at about $8,489,000. Institutional investors own 94.81% of the company's stock.
Ichor Trading Up 1.7%
NASDAQ:ICHR traded up $0.39 during midday trading on Friday, hitting $23.47. 405,640 shares of the company traded hands, compared to its average volume of 339,115. The firm's fifty day moving average is $18.51 and its 200-day moving average is $24.13. Ichor has a 12-month low of $15.33 and a 12-month high of $42.70. The firm has a market capitalization of $800.80 million, a P/E ratio of -48.90 and a beta of 1.80. The company has a current ratio of 3.09, a quick ratio of 1.32 and a debt-to-equity ratio of 0.17.
Ichor (NASDAQ:ICHR - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.14). Ichor had a negative net margin of 1.84% and a negative return on equity of 0.63%. The company had revenue of $244.47 million for the quarter, compared to analysts' expectations of $244.95 million. During the same quarter in the previous year, the company posted ($0.09) EPS. The business's quarterly revenue was up 21.4% on a year-over-year basis. On average, sell-side analysts predict that Ichor will post 1.01 EPS for the current year.
Ichor Company Profile
(
Get Free ReportIchor 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.
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