Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives $40.17 Average Price Target from Analysts

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $40.17.

A number of equities analysts have recently weighed in on ICHR shares. StockNews.com cut Ichor from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. Oppenheimer cut 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 note on Friday, April 11th. TD Cowen reduced their target price on shares of Ichor from $40.00 to $38.00 and set a "buy" rating on the stock in a report on Friday, January 17th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Ichor in a report on Wednesday, February 5th.

Insider Buying and Selling at Ichor

In related news, Director Jorge Titinger sold 3,000 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $32.04, for a total value of $96,120.00. Following the completion of the sale, the director now directly owns 9,832 shares in the company, valued at approximately $315,017.28. The trade was a 23.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is owned by company insiders.

Institutional Trading of Ichor

Several institutional investors have recently made changes to their positions in the stock. Oberweis Asset Management Inc. acquired a new position in Ichor in the fourth quarter valued at $10,884,000. Raymond James Financial Inc. acquired a new position in shares of Ichor in the 4th quarter valued at about $8,489,000. JPMorgan Chase & Co. increased its position in Ichor by 73.6% during the 4th quarter. JPMorgan Chase & Co. now owns 590,630 shares of the technology company's stock worth $19,030,000 after purchasing an additional 250,383 shares in the last quarter. Royce & Associates LP raised its holdings in Ichor by 20.2% in the fourth quarter. Royce & Associates LP now owns 864,245 shares of the technology company's stock valued at $27,846,000 after buying an additional 145,278 shares during the period. Finally, Nuveen Asset Management LLC grew its stake in Ichor by 18.7% during the fourth quarter. Nuveen Asset Management LLC now owns 777,289 shares of the technology company's stock worth $25,044,000 after buying an additional 122,280 shares during the period. 94.81% of the stock is owned by hedge funds and other institutional investors.

Ichor Price Performance

Shares of Ichor stock traded up $0.45 on Tuesday, hitting $21.33. The company's stock had a trading volume of 395,307 shares, compared to its average volume of 311,404. The company has a quick ratio of 1.49, a current ratio of 3.34 and a debt-to-equity ratio of 0.17. The firm has a fifty day moving average price of $24.11 and a 200-day moving average price of $28.59. Ichor has a 52-week low of $15.84 and a 52-week high of $42.70. The company has a market capitalization of $727.63 million, a P/E ratio of -32.82 and a beta of 1.88.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.14). Ichor had a negative net margin of 2.45% and a negative return on equity of 1.38%. On average, equities research analysts expect that Ichor will post 1.01 earnings per share for the current fiscal 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.