Ichor Holdings, Ltd. (NASDAQ:ICHR) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the six analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $34.00.

A number of analysts have weighed in on the company. DA Davidson decreased their price objective on Ichor from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Wall Street Zen cut Ichor from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th. Oppenheimer cut their target price on Ichor from $35.00 to $25.00 and set a "market perform" rating for the company in a research note on Friday, April 11th. Needham & Company LLC reissued a "hold" rating on shares of Ichor in a research note on Tuesday, May 6th. Finally, Stifel Nicolaus cut their target price on Ichor from $35.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th.

Insider Activity

In other news, CEO Jeff Andreson acquired 10,000 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average cost of $16.86 per share, with a total value of $168,600.00. Following the purchase, 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 position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On Ichor

Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in Ichor by 52.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company's stock valued at $147,000 after purchasing an additional 1,578 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ichor by 5.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,780 shares of the technology company's stock valued at $605,000 after purchasing an additional 959 shares in the last quarter. Swiss National Bank increased its stake in Ichor by 1.4% in the 4th quarter. Swiss National Bank now owns 66,200 shares of the technology company's stock valued at $2,133,000 after purchasing an additional 900 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 stake in 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 in the last quarter. 94.81% of the stock is owned by hedge funds and other institutional investors.

Ichor Stock Performance

Ichor stock traded up $0.39 during mid-day trading on Friday, reaching $23.47. 405,640 shares of the company were exchanged, compared to its average volume of 339,115. Ichor has a twelve month low of $15.33 and a twelve month high of $42.70. The firm's 50-day simple moving average is $18.51 and its two-hundred day simple moving average is $24.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.32 and a current ratio of 3.09. The firm has a market cap of $800.80 million, a PE ratio of -48.90 and a beta of 1.80.

Ichor (NASDAQ:ICHR - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The technology company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $244.47 million for the quarter, compared to analyst estimates of $244.95 million. During the same period in the previous year, the business posted ($0.09) earnings per share. The firm's revenue was up 21.4% compared to the same quarter last year. Equities analysts predict 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.