Ichor (NASDAQ:ICHR - Get Free Report) received a $21.00 price objective from equities research analysts at Oppenheimer in a report issued on Tuesday, Marketbeat Ratings reports. The brokerage presently has a "market perform" rating on the technology company's stock. Oppenheimer's price target indicates a potential upside of 49.36% from the company's current price.
A number of other analysts have also commented on the company. B. Riley lowered Ichor from a "buy" rating to a "neutral" rating and set a $18.00 price target on the stock. in a research note on Tuesday. DA Davidson cut their price target on Ichor from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. TD Cowen cut their price target on Ichor from $28.00 to $22.00 and set a "buy" rating on the stock in a research note on Tuesday. Needham & Company LLC reissued a "hold" rating on shares of Ichor in a research note on Tuesday, May 6th. Finally, Wall Street Zen lowered Ichor from a "hold" rating to a "sell" rating in a research note on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $28.17.
Check Out Our Latest Research Report on ICHR
Ichor Stock Performance
Ichor stock opened at $14.06 on Tuesday. The business's 50-day moving average price is $19.88 and its two-hundred day moving average price is $22.70. Ichor has a 12-month low of $13.12 and a 12-month high of $36.48. The stock has a market cap of $479.73 million, a PE ratio of -23.05 and a beta of 1.75. The company has a quick ratio of 1.32, a current ratio of 3.09 and a debt-to-equity ratio of 0.17.
Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The technology company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.11). Ichor had a negative net margin of 2.23% and a negative return on equity of 0.77%. The firm had revenue of $240.29 million for the quarter, compared to analyst estimates of $234.51 million. During the same period in the previous year, the business posted $0.05 earnings per share. The business's revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, analysts expect that Ichor will post 1.01 earnings per share for the current fiscal year.
Insider Activity at Ichor
In related news, CEO Jeff Andreson acquired 10,000 shares of the business'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 purchase, the chief executive officer directly owned 285,594 shares in the company, valued at $4,815,114.84. The trade was a 3.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 1.90% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Ichor
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its stake in Ichor by 143.9% in the second quarter. Bank of New York Mellon Corp now owns 515,638 shares of the technology company's stock valued at $10,127,000 after buying an additional 304,228 shares during the period. Pinnacle Associates Ltd. lifted its stake in Ichor by 0.3% in the second quarter. Pinnacle Associates Ltd. now owns 386,542 shares of the technology company's stock valued at $7,592,000 after buying an additional 1,099 shares during the period. Envestnet Asset Management Inc. lifted its stake in Ichor by 6.8% in the second quarter. Envestnet Asset Management Inc. now owns 20,442 shares of the technology company's stock valued at $401,000 after buying an additional 1,305 shares during the period. Nisa Investment Advisors LLC lifted its stake in Ichor by 1,060.9% in the second quarter. Nisa Investment Advisors LLC now owns 1,753 shares of the technology company's stock valued at $34,000 after buying an additional 1,602 shares during the period. Finally, Linden Thomas Advisory Services LLC lifted its stake in Ichor by 172.5% in the second quarter. Linden Thomas Advisory Services LLC now owns 48,210 shares of the technology company's stock valued at $947,000 after buying an additional 30,517 shares during the period. 94.81% of the stock is owned by institutional investors and hedge funds.
Ichor Company Profile
(
Get Free Report)
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.
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