B. Riley Reaffirms Buy Rating for Ichor (NASDAQ:ICHR)

B. Riley reaffirmed their buy rating on shares of Ichor (NASDAQ:ICHR - Free Report) in a report released on Friday morning, Marketbeat.com reports. The brokerage currently has a $30.00 target price on the technology company's stock, up from their previous target price of $23.00.

Several other analysts have also recently commented on the stock. DA Davidson dropped their target price 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. TD Cowen dropped their price objective on Ichor from $38.00 to $28.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Stifel Nicolaus reduced their target price on Ichor from $35.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Needham & Company LLC restated a "hold" rating on shares of Ichor 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Ichor presently has an average rating of "Hold" and an average price target of $32.67.

Ichor Trading Down 3.6%

Shares of NASDAQ ICHR traded down $0.85 during midday trading on Friday, hitting $22.90. The stock had a trading volume of 404,799 shares, compared to its average volume of 339,990. The firm has a market cap of $781.35 million, a P/E ratio of -47.71 and a beta of 1.80. Ichor has a fifty-two week low of $15.33 and a fifty-two week 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's 50-day simple moving average is $18.72 and its 200 day simple moving average is $23.93.

Ichor (NASDAQ:ICHR - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.14). The firm had revenue of $244.47 million for the quarter, compared to the consensus estimate of $244.95 million. Ichor had a negative return on equity of 0.63% and a negative net margin of 1.84%. The business's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.09) earnings per share. Research analysts anticipate that Ichor will post 1.01 EPS for the current year.

Insider Activity at Ichor

In other Ichor news, CEO Jeff Andreson acquired 10,000 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was acquired at an average cost of $16.86 per share, for a total transaction of $168,600.00. Following the transaction, the chief executive officer owned 285,594 shares of the company's stock, valued at $4,815,114.84. This trade represents a 3.63% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its position in Ichor by 1.1% in the 4th quarter. Victory Capital Management Inc. now owns 44,131 shares of the technology company's stock valued at $1,422,000 after acquiring an additional 467 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Ichor by 5.9% in the 1st quarter. Cerity Partners LLC now owns 9,521 shares of the technology company's stock valued at $215,000 after purchasing an additional 533 shares during the period. Meeder Asset Management Inc. lifted its holdings in shares of Ichor by 12.6% in the fourth quarter. Meeder Asset Management Inc. now owns 6,049 shares of the technology company's stock valued at $195,000 after purchasing an additional 675 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Ichor by 95.1% in the second quarter. GAMMA Investing LLC now owns 1,619 shares of the technology company's stock valued at $32,000 after purchasing an additional 789 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Ichor by 0.9% during the first quarter. Rhumbline Advisers now owns 99,149 shares of the technology company's stock worth $2,242,000 after buying an additional 839 shares during the period. Institutional investors and hedge funds own 94.81% of the company's stock.

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.