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) has been assigned a $23.00 price objective by investment analysts at Stifel Nicolaus in a report issued on Tuesday, MarketBeat.com reports. The brokerage presently has a "buy" rating on the technology company's stock. Stifel Nicolaus' target price indicates a potential upside of 63.58% from the company's previous close.

ICHR has been the subject of several other reports. Wall Street Zen downgraded shares of Ichor from a "hold" rating to a "sell" rating in a report on Thursday, April 10th. Oppenheimer lowered their price objective 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. Needham & Company LLC reiterated a "hold" rating on shares of Ichor in a research report on Tuesday, May 6th. TD Cowen decreased their target price on shares of Ichor from $28.00 to $22.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, DA Davidson decreased their target price on shares of Ichor from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $28.17.

Ichor Trading Down 30.2%

NASDAQ:ICHR opened at $14.06 on Tuesday. 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 $479.73 million, a price-to-earnings ratio of -23.05 and a beta of 1.75. Ichor has a 52 week low of $13.12 and a 52 week high of $36.48. The firm has a 50-day moving average price of $19.88 and a two-hundred day moving average price of $22.70.

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

Insiders Place Their Bets

In other Ichor news, CEO Jeff Andreson purchased 10,000 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were acquired at an average cost of $16.86 per share, for a total transaction of $168,600.00. Following the completion of the transaction, the chief executive officer owned 285,594 shares of the company's stock, valued at approximately $4,815,114.84. The trade was 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 this hyperlink. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ichor

Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its position in Ichor by 143.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 515,638 shares of the technology company's stock valued at $10,127,000 after purchasing an additional 304,228 shares during the period. Pinnacle Associates Ltd. lifted its stake in shares of Ichor by 0.3% in the 2nd quarter. Pinnacle Associates Ltd. now owns 386,542 shares of the technology company's stock valued at $7,592,000 after purchasing an additional 1,099 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Ichor by 6.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 20,442 shares of the technology company's stock valued at $401,000 after purchasing an additional 1,305 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Ichor by 1,060.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,753 shares of the technology company's stock valued at $34,000 after purchasing an additional 1,602 shares during the period. Finally, Linden Thomas Advisory Services LLC lifted its stake in shares of Ichor by 172.5% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 48,210 shares of the technology company's stock valued at $947,000 after purchasing an additional 30,517 shares during the period. 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.