B. Riley Issues Positive Forecast for Ichor (NASDAQ:ICHR) Stock Price

Ichor (NASDAQ:ICHR - Free Report) had its price target raised by B. Riley from $23.00 to $30.00 in a research report sent to investors on Friday,Benzinga reports. B. Riley currently has a buy rating on the technology company's stock.

A number of other brokerages have also recently weighed in on ICHR. Stifel Nicolaus dropped their price objective on shares of Ichor from $35.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Oppenheimer dropped 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. Wall Street Zen cut shares of Ichor from a "hold" rating to a "sell" rating in a research note on Thursday, April 10th. DA Davidson dropped their price objective on shares of Ichor from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Ichor in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $32.67.

Ichor Price Performance

Ichor stock traded up $0.04 during mid-day trading on Friday, reaching $23.75. The company had a trading volume of 293,275 shares, compared to its average volume of 339,335. Ichor has a 1 year low of $15.33 and a 1 year high of $42.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.09 and a quick ratio of 1.32. The company has a market capitalization of $810.35 million, a P/E ratio of -49.48 and a beta of 1.80. The stock's 50-day simple moving average is $18.72 and its 200-day simple moving average is $24.03.

Ichor (NASDAQ:ICHR - Get Free Report) last issued its earnings results on Monday, May 5th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.26 by ($0.14). Ichor had a negative net margin of 1.84% and a negative return on equity of 0.63%. The company had revenue of $244.47 million during the quarter, compared to analysts' expectations of $244.95 million. During the same period last year, the business posted ($0.09) earnings per share. The company's quarterly revenue was up 21.4% on a year-over-year basis. On average, equities analysts predict that Ichor will post 1.01 EPS for the current year.

Insider Buying and Selling

In other news, CEO Jeff Andreson bought 10,000 shares of the stock in a transaction 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 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 purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.90% of the company's stock.

Institutional Trading of Ichor

Several hedge funds and other institutional investors have recently bought and sold shares of ICHR. Central Pacific Bank Trust Division acquired a new position in shares of Ichor in the 2nd quarter valued at $37,000. Quarry LP grew its stake in shares of Ichor by 54.9% during the 4th quarter. Quarry LP now owns 2,426 shares of the technology company's stock valued at $78,000 after buying an additional 860 shares during the period. Globeflex Capital L P purchased a new stake in shares of Ichor during the 4th quarter valued at $93,000. Farther Finance Advisors LLC grew its stake in shares of Ichor by 99,483.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 5,975 shares of the technology company's stock valued at $117,000 after buying an additional 5,969 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in shares of Ichor by 52.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,562 shares of the technology company's stock valued at $147,000 after buying an additional 1,578 shares during the period. 94.81% of the stock is owned by hedge funds and other institutional investors.

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.