Brokerages Set Ichor Holdings, Ltd. (NASDAQ:ICHR) Price Target at $32.67

Key Points

• Ichor Holdings, Ltd. (NASDAQ:ICHR) has received a consensus rating of "Moderate Buy" from analysts, with an average twelve-month price target of $32.67.
• Analyst ratings vary, with some firms downgrading their positions, such as Wall Street Zen, which moved from a "hold" to a "sell" rating.
• CEO Jeff Andreson recently purchased 10,000 shares of Ichor at an average price of $16.86, increasing his ownership by 3.63% to approximately $4.8 million.

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $32.67.

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

Ichor Stock Performance

Shares of Ichor stock traded down $0.41 on Thursday, reaching $19.38. 429,175 shares of the company traded hands, compared to its average volume of 366,763. The firm has a market capitalization of $661.25 million, a PE ratio of -40.38 and a beta of 1.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.09 and a quick ratio of 1.32. The company has a 50 day moving average of $19.86 and a 200 day moving average of $22.95. Ichor has a 52 week low of $15.33 and a 52 week high of $36.48.

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 the consensus estimate of $0.26 by ($0.14). Ichor had a negative return on equity of 0.63% and a negative net margin of 1.84%. The business had revenue of $244.47 million for the quarter, compared to analysts' expectations of $244.95 million. During the same period in the previous year, the firm posted ($0.09) EPS. The firm's revenue for the quarter was up 21.4% compared to the same quarter last year. Equities analysts forecast that Ichor will post 1.01 earnings per share for the current year.

Insider Transactions at Ichor

In other Ichor news, CEO Jeff Andreson acquired 10,000 shares of the business's stock in a transaction dated 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 completion of the purchase, the chief executive officer directly owned 285,594 shares of the company's stock, valued at $4,815,114.84. The trade was a 3.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ICHR. Tower Research Capital LLC TRC boosted its holdings in shares of Ichor by 52.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company's stock worth $147,000 after purchasing an additional 1,578 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ichor by 5.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,780 shares of the technology company's stock worth $605,000 after purchasing an additional 959 shares during the period. Principal Financial Group Inc. grew its stake in shares of Ichor by 2.9% in the first quarter. Principal Financial Group Inc. now owns 168,688 shares of the technology company's stock worth $3,814,000 after acquiring an additional 4,803 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Ichor by 19.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,633 shares of the technology company's stock valued at $2,115,000 after purchasing an additional 10,729 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Ichor by 27.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 21,578 shares of the technology company's stock valued at $695,000 after purchasing an additional 4,635 shares during the last quarter. Institutional investors and hedge funds own 94.81% of the company's stock.

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.