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

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.

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) has received a consensus rating of "Moderate Buy" from the six research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $32.67.

ICHR has been the topic of a number of recent analyst reports. TD Cowen dropped their price objective on Ichor from $38.00 to $28.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Wall Street Zen cut Ichor from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. Stifel Nicolaus lowered their price objective on shares of 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 reduced their target price on Ichor from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Ichor in a report on Tuesday, May 6th.

Insider Buying and Selling

In other news, CEO Jeff Andreson purchased 10,000 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were bought at an average cost of $16.86 per share, with a total value of $168,600.00. Following the completion of the transaction, the chief executive officer directly owned 285,594 shares of the company's stock, valued at approximately $4,815,114.84. This trade represents a 3.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On Ichor

Several institutional investors and hedge funds have recently added to or reduced their stakes in ICHR. Dimensional Fund Advisors LP grew its holdings in shares of Ichor by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,724,058 shares of the technology company's stock valued at $55,547,000 after acquiring an additional 111,337 shares in the last quarter. Wellington Management Group LLP grew its stake 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 period. American Century Companies Inc. increased 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 valued at $27,888,000 after purchasing an additional 1,221,592 shares during the last quarter. Invesco Ltd. raised its stake in shares of Ichor by 6.1% during the 1st quarter. Invesco Ltd. now owns 1,168,756 shares of the technology company's stock worth $26,426,000 after purchasing an additional 66,942 shares during the period. Finally, Royce & Associates LP boosted its holdings in shares of Ichor by 7.9% in the 1st quarter. Royce & Associates LP now owns 932,925 shares of the technology company's stock worth $21,093,000 after buying an additional 68,680 shares during the last quarter. Hedge funds and other institutional investors own 94.81% of the company's stock.

Ichor Price Performance

Shares of ICHR traded down $0.41 during trading hours on Thursday, reaching $19.38. The stock had a trading volume of 429,175 shares, compared to its average volume of 366,763. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.32 and a current ratio of 3.09. Ichor has a 12 month low of $15.33 and a 12 month high of $36.48. The stock has a market capitalization of $661.25 million, a PE ratio of -40.38 and a beta of 1.75. The company's 50-day moving average is $19.86 and its two-hundred day moving average is $22.90.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its earnings results on Monday, May 5th. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.14). The company had revenue of $244.47 million for the quarter, compared to analyst estimates of $244.95 million. Ichor had a negative return on equity of 0.63% and a negative net margin of 1.84%. The firm's quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.09) earnings per share. Research analysts expect that Ichor will post 1.01 EPS for the current year.

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.