Brokerages Set Ichor Holdings, Ltd. (NASDAQ:ICHR) Price Target at $34.00

Shares of Ichor Holdings, Ltd. (NASDAQ:ICHR - Get Free Report) have received an average rating of "Moderate Buy" from the six research firms that are covering the stock, Marketbeat reports. Two 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 target among brokers that have issued ratings on the stock in the last year is $34.00.

Several research firms have recently commented on ICHR. Oppenheimer lowered their price objective 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 decreased their target price on shares of Ichor from $38.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Needham & Company LLC restated a "hold" rating on shares of Ichor in a research report on Tuesday, May 6th. Stifel Nicolaus decreased their target price on shares of Ichor from $35.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Finally, Wall Street Zen downgraded shares of Ichor from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th.

Ichor Stock Performance

Shares of NASDAQ:ICHR traded up $0.11 on Friday, hitting $16.73. 287,854 shares of the company were exchanged, compared to its average volume of 323,218. Ichor has a 1-year low of $15.38 and a 1-year high of $42.70. The stock's 50 day moving average price is $20.08 and its 200 day moving average price is $27.35. The company has a current ratio of 3.34, a quick ratio of 1.49 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $570.83 million, a P/E ratio of -25.74 and a beta of 1.83.

Ichor (NASDAQ:ICHR - Get Free Report) last posted 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 1.38% and a negative net margin of 2.45%. The company had revenue of $244.47 million for the quarter, compared to analyst estimates of $244.95 million. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. The company's quarterly revenue was up 21.4% on a year-over-year basis. Sell-side analysts predict that Ichor will post 1.01 EPS for the current year.

Insider Buying and Selling at Ichor

In other news, CEO Jeff Andreson acquired 10,000 shares of the business's stock in a transaction on Thursday, May 8th. The stock was bought at an average price of $16.86 per share, with a total value of $168,600.00. Following the completion of the acquisition, the chief executive officer now owns 285,594 shares of the company's stock, valued at approximately $4,815,114.84. This represents a 3.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ICHR. KBC Group NV increased its holdings in Ichor by 83.5% in the fourth quarter. KBC Group NV now owns 2,086 shares of the technology company's stock valued at $67,000 after buying an additional 949 shares in the last quarter. Quarry LP increased its stake in shares of Ichor by 54.9% during the fourth quarter. Quarry LP now owns 2,426 shares of the technology company's stock worth $78,000 after purchasing an additional 860 shares in the last quarter. Globeflex Capital L P purchased a new stake in shares of Ichor during the fourth quarter worth about $93,000. Tower Research Capital LLC TRC increased its stake in shares of Ichor by 52.9% during the fourth 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 in the last quarter. Finally, Headlands Technologies LLC increased its stake in shares of Ichor by 570.9% during the first quarter. Headlands Technologies LLC now owns 8,044 shares of the technology company's stock worth $182,000 after purchasing an additional 6,845 shares in the last quarter. Hedge funds and other institutional investors own 94.81% of the company's stock.

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.