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

Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nine research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $49.4286.

Several brokerages have recently issued reports on ICHR. Wall Street Zen raised Ichor from a "strong sell" rating to a "hold" rating in a report on Sunday, February 15th. Stifel Nicolaus set a $76.00 price objective on Ichor in a report on Friday. Craig Hallum reissued a "buy" rating and issued a $36.00 price objective on shares of Ichor in a report on Wednesday, January 14th. B. Riley Financial reissued a "buy" rating on shares of Ichor in a report on Monday, April 20th. Finally, Needham & Company LLC boosted their price objective on Ichor from $36.00 to $48.00 and gave the company a "buy" rating in a report on Tuesday, February 10th.

Ichor Stock Performance

Shares of ICHR stock opened at $64.42 on Friday. The stock has a market cap of $2.24 billion, a PE ratio of -41.83 and a beta of 1.87. The business has a 50-day simple moving average of $52.61 and a 200-day simple moving average of $33.72. The company has a quick ratio of 1.38, a current ratio of 3.16 and a debt-to-equity ratio of 0.18. Ichor has a 52-week low of $13.12 and a 52-week high of $72.87.

Insider Buying and Selling

In related news, Director Thomas M. Rohrs sold 53,908 shares of the company's stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $45.48, for a total value of $2,451,735.84. Following the completion of the transaction, the director owned 53,024 shares of the company's stock, valued at approximately $2,411,531.52. This represents a 50.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Marc Haugen sold 19,875 shares of the company's stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $49.71, for a total value of $987,986.25. Following the completion of the transaction, the director directly owned 26,085 shares of the company's stock, valued at $1,296,685.35. The trade was a 43.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 120,259 shares of company stock worth $5,689,250 in the last ninety days. 1.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ichor

A number of large investors have recently bought and sold shares of ICHR. Steward Partners Investment Advisory LLC acquired a new position in Ichor in the 4th quarter worth about $26,000. Newbridge Financial Services Group Inc. acquired a new position in Ichor in the 2nd quarter worth about $27,000. Hantz Financial Services Inc. raised its holdings in Ichor by 64.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,500 shares of the technology company's stock worth $28,000 after purchasing an additional 590 shares during the period. Danske Bank A S acquired a new position in Ichor in the 3rd quarter worth about $28,000. Finally, AdvisorNet Financial Inc acquired a new position in Ichor in the 1st quarter worth about $37,000. Institutional investors and hedge funds own 94.81% of the company's stock.

About Ichor

Ichor Holdings Ltd. is a global supplier of critical subsystems used in the fabrication of semiconductor devices. The company specializes in the design, engineering and manufacturing of gas delivery systems, vacuum pumps and abatement solutions that manage process gases and by-products in wafer-processing tools. Its modular subsystems are designed to integrate with lithography, etch, deposition and cleaning equipment, helping to ensure precise control of gas flow, pressure and purity throughout the chip-manufacturing cycle.

Founded in the mid-1980s and headquartered in Fremont, California, Ichor has expanded its footprint across Asia, Europe and North America.

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