Ichor (NASDAQ:ICHR) Given a $23.00 Price Target by Stifel Nicolaus Analysts

Key Points

• Stifel Nicolaus reduced Ichor's price target from $25.00 to $23.00, maintaining a "buy" rating, which indicates a potential upside of 14.20% from the current price of $20.14.
• Ichor recently reported $0.03 earnings per share for the last quarter, missing the consensus estimate of $0.14, although quarterly revenue increased by 18.2% year-over-year.
• The company is facing mixed ratings from analysts, with one sell, three hold, and three buy ratings, and a consensus target price of $28.17.

Ichor (NASDAQ:ICHR - Get Free Report) received a $23.00 price objective from research analysts at Stifel Nicolaus in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The firm currently has a "buy" rating on the technology company's stock. Stifel Nicolaus' price objective points to a potential upside of 31.88% from the company's previous close.

ICHR has been the subject of a number of other reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Ichor in a research report on Tuesday, May 6th. Oppenheimer dropped their price target on shares of Ichor from $35.00 to $25.00 and set a "market perform" rating on the stock in a research report on Friday, April 11th. B. Riley downgraded shares of Ichor from a "buy" rating to a "neutral" rating and set a $18.00 price objective for the company. in a research report on Tuesday. DA Davidson reduced their price objective on shares of Ichor from $50.00 to $45.00 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $23.80.

Ichor Stock Performance

Ichor stock traded up $0.78 during trading hours on Tuesday, hitting $17.44. The company had a trading volume of 2,504,349 shares, compared to its average volume of 869,870. The firm has a market cap of $598.72 million, a PE ratio of -28.59 and a beta of 1.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.22 and a quick ratio of 1.32. Ichor has a one year low of $13.12 and a one year high of $36.48. The firm has a 50-day moving average of $19.88 and a 200 day moving average of $22.45.

Ichor (NASDAQ:ICHR - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.11). Ichor had a negative return on equity of 0.77% and a negative net margin of 2.23%. The company had revenue of $240.29 million for the quarter, compared to the consensus estimate of $234.51 million. During the same quarter last year, the business earned $0.05 earnings per share. Ichor's revenue was up 18.2% compared to the same quarter last year. On average, sell-side analysts expect that Ichor will post 1.01 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ICHR. Dimensional Fund Advisors LP boosted its holdings in Ichor by 6.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,724,058 shares of the technology company's stock worth $55,547,000 after buying an additional 111,337 shares during the period. Wellington Management Group LLP increased its holdings in Ichor by 42.6% during the 1st quarter. Wellington Management Group LLP now owns 1,663,070 shares of the technology company's stock worth $37,602,000 after acquiring an additional 496,866 shares during the period. American Century Companies Inc. increased its holdings in 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 worth $27,888,000 after acquiring an additional 1,221,592 shares during the period. Invesco Ltd. boosted its stake in Ichor by 6.1% during the first quarter. Invesco Ltd. now owns 1,168,756 shares of the technology company's stock valued at $26,426,000 after buying an additional 66,942 shares during the period. Finally, Royce & Associates LP boosted its stake in Ichor by 7.9% during the first quarter. Royce & Associates LP now owns 932,925 shares of the technology company's stock valued at $21,093,000 after buying an additional 68,680 shares during the period. 94.81% of the stock is owned by institutional investors.

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.